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2. Fair Value of Financial Instruments
Amounts recorded on the consolidated balance sheet as of March 31, 2011 and 2012, fair values, and the variances between the two
are as shown below. Unlisted securities, categorized within “Affiliates” and “Others” of “Investment and long-term loans,” are not included
in the table below, as it is extremely difficult to determine the fair value. Financial instruments categorized within “Others” of both “Cur-
rent assets” and “Investments and long-term loans” are not included, except for available-for-sale securities and held-to-maturity invest-
ments stated at fair value.
Yen
(millions)
U.S. Dollars
(thousands)
At March 31, 2012
Carrying value in
consolidated
balance sheet Fair value Variance
Carrying value in
consolidated
balance sheet Fair value Variance
Current assets
(1)Cash and cash equivalents ¥ 266,698 ¥ 266,698 ¥ — $ 3,252,415 $ 3,252,415 $ —
(2)Short-term investments 7,227 7,227 — 88,134 88,134 —
(3)Receivables, trade 901,316 10,991,659
Allowance for doubtful accounts*1(12,802) (156,122)
888,514 888,514 — 10,835,537 10,835,537 —
Investments and long-term loans*2
(4)Affiliates 21,381 40,603 19,222 260,744 495,159 234,415
(5)Others 81,118 81,118 — 989,244 989,244 —
Total assets 1,264,938 1,284,160 19,222 15,426,073 15,660,488 234,415
Current liabilities
(1) Short-term borrowings and current
portion of long-term debt 128,922 128,922 — 1,572,220 1,572,220 —
(2)Lease obligation 15,794 15,794 — 192,610 192,610 —
(3)Payables, trade 617,755 617,755 — 7,533,598 7,533,598 —
(4)Accrued expenses 342,541 342,541 — 4,177,329 4,177,329 —
Long-term liabilities
(5)Long-term debt 252,226 258,811 6,585 3,075,927 3,156,232 80,305
(6)Lease obligation 27,735 27,911 176 338,232 340,378 2,146
Total liabilities 1,384,973 1,391,734 6,761 16,889,915 16,972,366 82,451
Derivative transactions*3
(i) Transactions which do not qualify for
hedge accounting [3,236] [3,236] — [39,463] [39,463] —
(ii) Transactions which qualify for
hedge accounting 626 626 — 7,634 7,634 —
Total derivative transactions [2,610] [2,610] — [31,829] [31,829] —
Yen
(millions)
At March 31, 2011
Carrying value in
consolidated
balance sheet Fair value Variance
Current assets
(1)Cash and cash equivalents ¥ 358,593 ¥ 358,593 ¥ —
(2)Short-term investments 6,101 6,101 —
(3)Receivables, trade 877,069
Allowance for doubtful accounts*1(14,781)
862,288 862,288 —
Investments and long-term loans*2
(4)Affiliates 18,733 43,165 24,432
(5)Others 86,224 86,224 —
Total assets 1,331,939 1,356,371 24,432
122 FUJITSU LIMITED ANNUAL REPORT 2012