Fujitsu 2012 Annual Report Download - page 127

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Yen
(millions)
At March 31, 2011
Contract
Amount
Contract
Amount
Over 1 Year Fair Value Gain/Loss
Foreign Exchange
Forward Contracts
To buy foreign currencies
U.S. Dollars ¥48,517 ¥5,462 ¥(3,667) ¥(3,667)
Euro 22,270 1,550 599 599
Other currencies 1,088 137 (6) (6)
To sell foreign currencies
U.S. Dollars 12,709 — (178) (178)
Euro 10,781 — (132) (132)
Other currencies 2,775 — (50) (50)
Foreign Exchange
Swap Contracts
Receive Pound Sterling 15,223 — (282) (282)
Pay Pound Sterling 18,994 — 108 108
Others 11,458 — (38) (38)
Total ¥(3,646) ¥(3,646)
1) The method for estimating the fair value is principally based on obtaining quotes provided by financial institutions.
2) Collateral conditions are attached to some foreign exchange forward contracts, and there is the possibility of change in contract amount and duration due to the
fluctuation of the currency exchange rate.
3) In the column “Contract Amount,” option premiums are disclosed in brackets < >, and corresponding fair value and valuation gains and losses are disclosed on the
same line.
4) Option contracts represent zero-cost options. In this contract, no premiums are received or paid due to the offsetting payables and receivables. The amounts of
“Fair Value” and the “Gain/Loss” for “Euro puts” and “Euro calls” are presented net of buying and selling positions.
2. Derivative transactions which qualify for hedge accounting
(i) Currency-related transactions
At March 31,2012
Yen
(millions)
U.S. Dollars
(thousands)
Type of hedge
accounting Type of derivative transaction
Principal Item
Hedged
Contract
Amount
Contract
Amounts
Over 1 Year Fair Value
Contract
Amount
Contract
Amounts
Over 1 Year Fair Value
Fair value
hedge
Foreign exchange forward
transactions
To buy foreign currencies
Singapore Dollars, etc Borrowings ¥1,141 ¥— ¥(8) $13,915 $— $(98)
Deferral
hedge
Foreign exchange forward
transactions
To sell foreign currencies
U.S. Dollars Receivables, trade ¥1,651 ¥— ¥10 $20,134 $— $ 122
*1 The fair value is based mainly on quotes obtained from the financial institutions.
*2 Foreign exchange forward transactions accounted for by the fair value hedge accounting attribute to a transaction by a subsidiary outside Japan which adopts
International Financial Reporting Standard (IFRS).
At March 31, 2011
Not applicable for the year.
125
FUJITSU LIMITED ANNUAL REPORT 2012
Facts & Figures