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(iii) Management of Liquidity Risk in Financing Activities
The Group prepares a cash flow projection and monitors its funding requirements. The Group also strives to diversify its sources of financ-
ing in order to reduce liquidity risk.
(4) Supplementary Explanation of Fair Value of Financial Instruments
The fair value of financial instruments is based on the market price, but in the case a market price is not available, the fair value is
reasonably estimated. As variable factors are incorporated in the estimation of values, fair values may vary depending on the assump-
tions used. The contract amount related to derivative transactions under “13. Derivative Financial Instruments” does not represent the
market risk related to the derivative transactions.
2. Fair Value of Financial Instruments
Amounts recorded on the consolidated balance sheet as of March 31, 2013 and 2014, fair values, and the variances between the two
are as shown below. Unlisted securities, categorized within “Investments in and long-term loans to affiliates” and “Others” of “Invest-
ments and other non-current assets,” are not included in the table below, as it is extremely difficult to determine the fair value. Financial
instruments categorized within “Others” of both “Current assets” and “Investments and other non-current assets” are not included, except
for available-for-sale securities and held-to-maturity investments stated at fair value.
Yen
(millions)
U.S. Dollars
(thousands)
At March 31, 2014
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 ¥ 301,162 ¥ 301,162 ¥ — $2,923,903 $ 2,923,903 $ —
(2) Short-term investments 4,488 4,488 — 43,573 43,573 —
(3) Receivables, trade 991,071 9,622,049
Allowance for doubtful accounts*1(10,824) (105,087)
980,247 980,247 — 9,516,961 9,516,961 —
Investments and other non-current assets*2
(4) Investments in and long-term loans
to affiliates 33,716 63,008 29,292 327,340 611,728 284,388
(5) Others 102,413 102,413 — 994,301 994,301 —
Total assets 1,422,026 1,451,318 29,292 13,806,078 14,090,466 284,388
Current liabilities
(1) Short-term borrowings and current
portion of long-term debt 129,079 129,079 — 1,253,194 1,253,194 —
(2) Lease obligations 13,549 13,549 — 131,544 131,544 —
(3) Payables, trade 641,211 641,211 — 6,225,350 6,225,350 —
(4) Accrued expenses 339,836 339,836 — 3,299,379 3,299,379 —
Long-term liabilities
(5) Long-term debt 390,561 395,631 5,070 3,791,854 3,841,078 49,223
(6) Lease obligations 27,579 27,687 108 267,757 268,806 1,049
Total liabilities 1,541,815 1,546,993 5,178 14,969,078 15,019,350 50,272
Derivative transactions*3
(i) Transactions which do not qualify
for hedge accounting [853] [853] — [8,282] [8,282] —
(ii) Transactions which qualify for
hedge accounting 588 588 — 5,709 5,709 —
Total derivative transactions [265] [265] — [2,573] [2,573] —
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
139
FUJITSU LIMITED ANNUAL REPORT 2014
MANAGEMENT FACTS & FIGURESRESPONSIBILITYPERFORMANCE