Mazda 2007 Annual Report Download - page 78
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Company’s Financial Services Division is responsible for overall management on a group-wide basis.
The following summarizes hedging derivative financial instruments used by the Company and its
consolidated subsidiaries and items hedged:
Hedging instruments: Hedged items:
Forward foreign exchange contracts Foreign currency loans receivable and future transactions
Currency option contracts Future transactions
Interest rate swap contracts Interest on borrowings
The following tables summarize market value information as of March 31, 2007 and 2006 of derivative
transactions for which hedge accounting has not been applied:
Millions of yen Thousands of U.S. dollars
2006 Contract Estimated Unrealized Contract Estimated Unrealized
As of March 31, 2007 amount fair value gain (loss) amount fair value gain (loss)
Forward foreign exchange contracts:
Sell:
U.S. dollar ¥32,051 ¥31,980 ¥(071 $271,619 $271,017 $(,0602
Canadian dollar 2,384 2,404 (20) 20,203 20,373 (170)
Australian dollar 2,393 2,518 (125) 20,279 21,340 (1,061)
Euro 20,420 21,097 (677) 173,051 178,788 (5,737)
Sterling pound 5,402 5,475 (73) 45,780 46,398 (618)
Swiss franc 291 291 –2,466 2,466 –
Buy:
Thai baht 8,595 9,314 719 72,839 78,932 6,093
Australian dollar 3,671 3,661 (10) 31,110 31,025 (85)
¥75,207 ¥76,740 ¥(115) $637,347 $650,339 $((((976)
Millions of yen
2005 Contract Estimated Unrealized
As of March 31, 2006 amount fair value gain (loss)
Forward foreign exchange contracts:
Sell:
U.S. dollar ¥18,494 ¥18,872 ¥ (378)
Canadian dollar 4,780 4,992 (212)
Australian dollar 920 914 6
Euro 23,770 24,647 (877)
Sterling pound 3,798 3,856 (58)
Swiss franc 173 174 (1)
Buy:
Australian dollar 3,739 3,745 6
¥55,674 ¥57,200 ¥(1,514)
For forward foreign exchange contracts, fair values at year end are estimated based on prevailing
forward exchange rates at that date.