Konica Minolta 2010 Annual Report Download - page 48

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Derivative transactions to which hedge accounting is applied
(1) Currency-Related Derivatives
Method of hedge accounting: Forecasted transactions such as forward exchange contracts
Millions of yen
Thousands of
U.S. dollars
March 31 March 31
2010 2010
Type of derivatives transactions Major hedged items
Contract value
(notional principal
amount) Fair value
Contract value
(notional principal
amount) Fair value
Forward foreign currency exchange contracts:
To sell foreign currencies:
EURO Accounts receivable–trade ¥ 6,141 ¥(101) $ 66,004 $(1,086)
To buy foreign currencies:
US$ Accounts payable–trade ¥ 5,701 ¥ 158 $ 61,275 $ 1,698
Total ¥11,842 ¥ 56 $127,279 $ 602
Note: Fair value is calculated based on the currency forward exchange rates prevailing as of March 31, 2010.
(2) Interest Rate-Related Derivatives
Method of hedge accounting: Special treatment of interest rate swap
Millions of yen
Thousands of
U.S. dollars
March 31 March 31
2010 2010
Type of derivatives transactions Major hedged items
Contract value
(notional principal
amount) Fair value
Contract value
(notional principal
amount) Fair value
Interest rate swaps:
Pay fixed, receive floating Long-term loans ¥50,500 (*) $542,777 (*)
(*) As interest rate swaps used to hedge long-term loans are subject to special accounting treatment under accounting principles generally accepted
in Japan, their fair values are included as a single line item with the hedged underlying liability, long-term loans, and are not included in the above
information. (Please see ‘Note 5. FINANCIAL INSTRUMENTS’).
46 KONICA MINOLTA HOLDINGS, INC. ANNUAL REPORT 2010