Konica Minolta 2007 Annual Report Download - page 56

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A summary of derivative instruments at March 31, 2007 and 2006 is as follows:
(1) Currency-Related Derivatives
Millions of yen Thousands of U.S. dollars
March 31 March 31
2007 2006 2007
Contract value Contract value Contract value
(notional (notional (notional
principal Fair Unrealized principal Fair Unrealized principal Fair Unrealized
amount) value gain (loss) amount) value gain (loss) amount) value gain (loss)
Forward foreign currency
exchange contracts:
To sell foreign currencies:
US$ ¥36,861 ¥36,817 ¥ 44 ¥30,849 ¥31,081 ¥(231) $312,249 $311,876 $ 373
EURO 25,352 25,664 (311) 33,433 33,928 (494) 214,756 217,399 (2,634)
To buy foreign currencies:
US$ ¥ 8,354 ¥ 8,508 ¥ 153 ¥ 6,672 ¥ 6,682 ¥ 10 $ 70,767 $ 72,071 $ 1,296
EURO 1,277 1,286 9 ———10,817 10,894 76
Total ¥71,846 ¥72,276 ¥(104) ¥70,955 ¥71,692 ¥(715) $608,607 $612,249 $ (881)
Notes: 1. Fair value is calculated based on the forward foreign currency exchange rates prevailing as of March 31, 2007 and 2006, respectively.
2. Derivative instruments for which hedge accounting is applied are excluded from the above table.
(2) Interest Rate-Related Derivatives
Millions of yen Thousands of U.S. dollars
March 31 March 31
2007 2006 2007
Contract value Contract value Contract value
(notional (notional (notional
principal Fair Unrealized principal Fair Unrealized principal Fair Unrealized
amount) value gain (loss) amount) value gain (loss) amount) value gain (loss)
Interest rate swaps:
Pay fixed, receive floating ¥8,022 ¥34 ¥34 ¥7,285 ¥32 ¥32 $67,954 $288 $288
Notes: 1. Fair value is provided by the financial institutions with whom the derivative contracts were concluded.
2. Derivative transactions for which hedge accounting is applied are excluded from the above table.
3. Contract value (notional principal amount) does not indicate the level of risk associated with interest rate swaps.
16. Stock Option Plans
The following tables summarize details of stock option plans as of March 31, 2007.
Position and number of grantee Directors and Executive Officers: 26
Class and number of stock Common Stock: 194,500
Date of issue August 23, 2005
Condition of settlement of rights No provisions
Period grantees provide service in return for stock options From August 23, 2005 to June 30, 2006
Period share subscription rights are to be exercised From August 23, 2005 to June 30, 2025
Position and number of grantee Directors and Executive Officers: 23
Class and number of stock Common Stock: 105,500
Date of issue September 1, 2006
Condition of settlement of rights No provisions
Period grantees provide service in return for stock options From September 1, 2006 to June 30, 2007
Period share subscription rights are to be exercised From September 2, 2006 to June 30, 2026
The following tables summarize and movement of outstanding stock options for the year ended March 31, 2007.
Not exercisable stock options Exercisable stock options
Stock options outstanding at March 31, 2006 — Stock options outstanding at March 31, 2006 194,500
Stock options granted 105,500 Conversion from not exercisable stock options 105,500
Forfeitures — Stock options exercised —
Conversion to exercisable stock options 105,500 Forfeitures 3,000
Stock options outstanding at March 31, 2007 — Stock options outstanding at March 31, 2007 297,000
The following tables summarize price information of stock options as of March 31, 2007.
Not exercisable stock options Outstanding balance
Price of stock options exercised (Yen) ¥ 1
Average market price of the stock
at the time of exercise (Yen) —
Exercise price (Yen) ¥1,453