Mazda 2014 Annual Report Download - page 53

As regards short-term investments and investment securities, their fair values as well
as the financial standing of their issuing entities are monitored on a regular basis.
Ownership of available-for-sale securities are reviewed on a continuous basis.
Management of liquidity risks related to financing (i.e., risks of non-performance of
payments on their due dates)
The liquidity risks of the Group are managed mainly through the preparation and update of
the cash schedule by the Treasury Department.
Fair values of financial instruments
As of March 31, 2014 and 2013, the carrying values on the consolidated balance sheet, the
fair values, and the differences between these amounts, respectively, of financial instruments
were as follows. Financial instruments for which fair value is deemed highly difficult to mea-
sure are excluded from the following table.
Millions of yen Thousands of U.S. dollars
As of March 31, 2014
Carrying
values
Fair
values Difference
Carrying
values
Fair
values Difference
Assets:
1) Trade notes and accounts
receivable ¥ 180,544 $ 1,752,854
Allowance for doubtful
receivables (*1) (175) (1,699)
Trade notes and accounts
receivable, net 180,369 ¥ 180,369 ¥ — 1,751,155 $ 1,751,155 $ —
2) Investment securities
Available-for-sale securities 9,141 9,141 — 88,748 88,748 —
3) Long-term loans receivable (*2) 6,829 66,301
Allowance for doubtful
receivables (*3) (2,509) (24,359)
Long-term loans receivable, net 4,320 4,320 — 41,942 41,942 —
Total ¥ 193,830 ¥ 193,830 ¥ — $ 1,881,845 $ 1,881,845 $ —
Liabilities:
1) Trade notes and accounts payable ¥ 331,678 ¥ 331,678 ¥ — $ 3,220,175 $ 3,220,175 $ —
2) Other accounts payable 38,469 38,469 — 373,485 373,485 —
3) Short-term loans payable 105,283 105,283 — 1,022,165 1,022,165 —
4) Long-term debt 637,452 654,766 17,314 6,188,854 6,356,951 168,097
Total ¥1,112,882 ¥1,130,196 ¥17,314 $10,804,679 $10,972,776 $168,097
Derivative instruments: (*4)
1) Hedge accounting not applied ¥ (1,046) ¥ (1,046) ¥ — $ (10,155) $ (10,155) $ —
2) Hedge accounting applied (1,903) (1,903) — (18,476) (18,476) —
Total ¥ (2,949) ¥ (2,949) ¥ — $ (28,631) $ (28,631) $ —
Millions of yen
As of March 31, 2013
Carrying
values
Fair
values Difference
Assets:
1) Trade notes and accounts receivable ¥ 171,770
Allowance for doubtful receivables (*1) (208)
Trade notes and accounts receivable, net ¥ 171,562 ¥ 171,560 ¥ (2)
2) Investment securities
Available-for-sale securities 6,884 6,884 —
3) Long-term loans receivable (*2) 5,750
Allowance for doubtful receivables (*3) (2,561)
Long-term loans receivable, net 3,189 3,189 —
Total ¥ 181,635 ¥ 181,633 ¥ (2)
Liabilities:
1) Trade notes and accounts payable ¥ 279,642 ¥ 279,642 ¥ —
2) Other accounts payable 22,146 22,146 —
3) Short-term loans payable 97,833 97,833 —
4) Long-term debt 621,150 636,170 15,020
Total ¥1,020,771 ¥1,035,791 ¥15,020
Derivative instruments: (*4)
1) Hedge accounting not applied ¥ (15,940) ¥ (15,940) ¥ —
2) Hedge accounting applied (24,025) (24,025) —
Total ¥ (39,965) ¥ (39,965) ¥ —
(*1) Allowance for doubtful receivables, which is recognized on the basis of each individual accounts receivable, is deducted.
(*2) Long-term loans receivable includes those due within one year, which are included in “other current assets” on the
consolidated balance sheets.
(*3) Allowance for doubtful receivables, which is recognized on the basis of each individual long-term loans receivable,
is deducted.
(*4) Receivables and payables resulting from derivative transactions are offset against each other and presented on a net
basis; when a net liability results, the net amount is shown in ( ).
The financial instruments in the following table are excluded from “Assets 2) Investment
securities” in the above tables because measuring the fair value of these instruments is
deemed highly difficult: market prices of these instruments are not available and future
cash flows from these instruments are not contracted.
Millions of yen
Thousands of
U.S. dollars
Carrying values Carrying values
As of March 31 2014 2013 2014
Available-for-sale securities:
Non-listed equity securities ¥ 2,321 ¥ 2,928 $ 22,534
Investment in securities of affiliated companies 136,890 110,994 1,329,029
Total ¥139,211 ¥113,922 $1,351,563
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Mazda Annual Report 2014
CONTENTS
Foundations Underpinning
Sustainable Growth
Financial Section
Review of Operations
Message from Management
Introduction
Brand Value Management