Konica Minolta 2014 Annual Report Download - page 71

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A summary of derivative instruments at March 31, 2014 and 2013 is as follows:
Derivative transactions to which hedge accounting is not applied
Currency-Related Derivatives
Millions of yen Thousands of U.S. dollars
2014 2013 2014
Contract value
(notional principal
amount)
Fair value
Unrealized
gains (losses)
Contract value
(notional principal
amount)
Fair value
Unrealized
gains (losses)
Contract value
(notional principal
amount)
Fair value
Unrealized
gains (losses)
Forward foreign currency exchange
contracts:
To sell foreign currencies:
US$ ......... ¥ 2,057 ¥ (0) ¥ (0) ¥ 5,246 ¥ (65) ¥ (65) $ 19,986 $ (0) $ (0)
EURO ...... 13,437 (58) (58) 14,369 (939) (939) 130,558 (564) (564)
Other .....
2,360 (65) (65) 3,617 (85) (85) 22,930 (632) (632)
To buy foreign currencies:
US$ ......... 24722109 (1) (1) 2,400 19 19
EURO ...... 2,862 (48) (48) 473 1 1 27,808 (466) (466)
Total .......
¥20,965 ¥(170) ¥(170) ¥23,815 ¥(1,090) ¥(1,090) $203,702 $(1,652) $(1,652)
Currency Swaps:
Pay JPY, receive US$ ...................
¥ 7,376 ¥(299) ¥(299) ¥ 1,896 ¥ 14 ¥ 14 $ 71,667 $(2,905) $(2,905)
Total .......
¥ 7,376 ¥(299) ¥(299) ¥ 1,896 ¥ 14 ¥ 14 $ 71,667 $(2,905) $(2,905)
Note: Fair value of foreign currency forward exchange contracts is calculated based on the foreign currency forward exchange rates prevailing as of March 31, 2014 and 2013, 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
Millions of yen Thousands of U.S. dollars
2014 2013 2014
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:
EURO
Accounts receivable-trade ...
¥9,660 ¥(51) ¥5,789 ¥103 $93,859 $(496)
Total ..................................................
¥9,660 ¥(51) ¥5,789 ¥103 $93,859 $(496)
Currency option transactions:
To sell foreign currencies (Call) and
buy foreign currencies (Put):
EURO
Accounts receivable-trade ...
¥1,278 ¥ (7) ¥ — ¥ — $12,417 $ (68)
Total ..................................................
¥1,278 ¥ (7) ¥ — ¥ — $12,417 $ (68)
Currency Swaps:
Pay JPY, receive US$ Long-term debt ....................
¥4,450 (*) ¥4,450 ¥ (61) $43,237 (*)
Total ..................................................
¥4,450 ¥ — ¥4,450 ¥ (61) $43,237 $ —
Note: 1. Fair value is calculated based on the currency forward exchange rates prevailing as of March 31, 2014.
Fair value of currency options is provided by the fi nancial institutions with whom the derivative contracts were entered into and agreed.
2. We do not pay / receive option premium in currency option transactions because of zero cost option. Put options and call options are indicated in a lump because they are
included in a one contract.
(*) As currency swaps used to hedge long-term debt is subject to designated hedge accounting under accounting principles generally accepted in Japan, their fair values are
included as a single line item with the hedged underlying liability, long-term debt is not included in the above information.
70
KONICA MINOLTA, INC. Annual Report 2014