Konica Minolta 2012 Annual Report Download - page 40

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A summary of derivative instruments at March 31, 2012 and 2011 is as follows:
Derivative transactions to which hedge accounting is not applied
(1) Currency-Related Derivatives
Millions of yen Thousands of U.S. dollars
2012 2011 2012
Contract value
(notional
principal
amount) Fair value
Unrealized gain
(loss)
Contract value
(notional
principal
amount) Fair value
Unrealized gain
(loss)
Contract value
(notional
principal
amount) Fair value
Unrealized gain
(loss)
Forward foreign currency
exchange contracts:
To sell foreign currencies:
US$..... ¥ 7,817 ¥ (273) ¥ (273) ¥10,364 ¥ (87) ¥ (87) $ 95,109 $ (3,322) $ (3,322)
EURO .. 18,989 (1,247) (1,247) 17,887 (773) (773) 231,038 (15,172) (15,172)
Other ... 3,310 (128) (128) 2,376 (56) (56) 40,273 (1,557) (1,557)
To buy foreign currencies:
US$..... ¥ — ¥ — ¥ — ¥ 3,918 ¥ (38) ¥ (38) $ — $ — $ —
EURO .. 1,302 (26) (26) 292 2 2 15,841 (316) (316)
Other ... 707 11 11 1,218 (25) (25) 8,602 134 134
Total ¥32,127 ¥(1,664) ¥(1,664) ¥36,057 ¥(980) ¥(980) $390,887 $(20,246) $(20,246)
Currency swaps:
Pay JPY, receive US$ ......... ¥ — ¥ — ¥ — ¥11,135 ¥(123) ¥(123) $ — $ — $ —
Other ............................... —— —2,490 (54) (54) —— —
Total ¥ — ¥ — ¥ — ¥13,625 ¥(177) ¥(177) $ — $ — $ —
Note: Fair value of foreign currency forward exchange contracts is calculated based on the foreign currency forward exchange rates prevailing as of March 31, 2012
and 2011, respectively.
Fair value of currency swaps is provided by the fi nancial institutions with whom the derivative contracts were entered into and agreed.
Derivative transactions to which hedge accounting is applied
(1) Currency-Related Derivatives
Method of hedge accounting: Forecast transactions such as forward exchange contracts
Millions of yen Thousands of U.S. dollars
2012 2011 2012
Type of
derivatives transactions Major hedged items
Contract value
(notional principal
amount) Fair value
Contract value
(notional principal
amount) Fair value
Contract value
(notional principal
amount) Fair value
Forward foreign currency exchange contracts:
To sell foreign currencies:
US$
Accounts receivable–trade ...... ¥ — ¥ — ¥1,062 ¥ (17) $ —$ —
EURO Accounts receivable–trade ...... 20,565 (378) 6,052 (162) 250,213 (4,599)
To buy foreign currencies:
US$
Accounts payable–trade ......... ——
1,226 20 ——
Total ................................................ ¥20,565 ¥(378) ¥8,341 ¥(160) $250,213 $(4,599)
Currency option transactions:
To sell foreign currencies (call):
EURO
Accounts receivable–trade ...... ¥ 2,200 ¥ 2 ¥ — ¥ — $ 26,767 $ 24
To buy foreign currencies (put):
EURO
Accounts receivable–trade ...... 2,200 8 —— 26,767 97
Total ................................................ ¥ 4,400 ¥ 10 ——$ 53,534 $ 122
Notes: 1. Fair value is calculated based on the currency forward exchange rates prevailing as of March 31, 2012.
Fair value of currency option transactions is provided by the fi nancial institutions with whom the derivative contracts were entered into and agreed.
2. Option premium in currency option transactions is not paid/received because of zero cost option.
(2) Interest Rate-Related Derivatives
Method of hedge accounting: Special treatment of interest rate swap
Millions of yen Thousands of U.S. dollars
2012 2011 2012
Type of
derivatives transactions Major hedged items
Contract value
(notional principal
amount) Fair value
Contract value
(notional principal
amount) Fair value
Contract value
(notional principal
amount) Fair value
Interest rate swaps:
Pay fi xed, receive fl oating Long-term loans ¥23,000 (*) ¥23,000 (*) $279,839 (*)
(*) 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’.)