Fujitsu 2014 Annual Report Download - page 143

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Impairment losses on investment securities
For the years ended March 31, 2013 and 2014
No significant losses were recorded.
Available-for-sale securities with fair value that has declined by 50% or more against their acquisition costs are generally booked as an impairment loss. Those that
have declined in a range of 30% or more but less than 50% are impaired if the decline is deemed to be irrecoverable. Available-for-sale securities with no available
fair value are generally impaired when issuers’ net assets in the balance sheet decrease to more than 50% below the acquisition cost due to a deterioration of issuers’
financial conditions.
12. Available-for-sale Securities
At March 31, 2013 and 2014, available-for-sale securities included in ” Cash and cash equivalents,” “Short-term investments” and “Others”
of “Investments and other non-current assets” are stated as follows. Unlisted securities for which it is extremely difficult to determine the
fair value are not included in the table.
Yen
(millions)
U.S. Dollars
(thousands)
At March 31 2013 2014 2014
Available-for-sale securities
Acquisition costs ¥160,292 ¥118,305 $1,148,592
Carrying value (Market value) 198,129 173,473 1,684,204
Net unrealized gain and loss ¥ 37,837 ¥ 55,168 $ 535,612
13. Derivative Financial Instruments
1. Derivative transactions which do not qualify for hedge accounting
<Currency-related transactions>
At March 31, 2014
Yen
(millions)
U.S. Dollars
(thousands)
Contract
amount
Contract
amount
over 1 year Fair value Gain/Loss
Contract
amount
Contract
amount
over 1 year Fair value Gain/Loss
Foreign Exchange
Forward Contracts
To buy foreign currencies
U.S. Dollars ¥60,138 ¥435 ¥(903) ¥(903) $583,864 $4,223 $(8,767) $(8,767)
Euro 41,226 — (108) (108) 400,252 — (1,049) (1,049)
Other currencies 5,820 — 20 20 56,505 — 194 194
To sell foreign currencies
U.S. Dollars 8,012 47 24 24 77,786 456 233 233
Euro 3,129 — (13) (13) 30,379 — (126) (126)
Other currencies 4,990 257 23 23 48,447 2,495 223 223
Foreign Exchange
Option Contracts
To buy options
U.S. Dollar puts 17,516 — 170,058 —
<162> <—> 241 79 <1,573> <—> 2,340 767
To sell options
U.S. Dollar calls 17,516 — 170,058 —
<(162)> <—> (99) 63 <(1,573)> <—> (961) 612
Foreign Exchange
Swap Contracts
Receive Pound Sterling 14,558 — (108) (108) 141,340 — (1,049) (1,049)
Pay Pound Sterling 6,202 — 95 95 60,214 — 922 922
Others 10,488 29 (25) (25) 101,825 282 (243) (243)
Total ¥(853) ¥(853) $(8,282) $(8,282)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
141
FUJITSU LIMITED ANNUAL REPORT 2014
MANAGEMENT FACTS & FIGURESRESPONSIBILITYPERFORMANCE