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Millions of yen
As of March 31, 2013
Contract
amount
Estimated
fair value Difference
Forward foreign
exchange contracts:
Sell:
U.S. dollar ¥ 57,313 ¥ (8,925) ¥ (8,925)
Euro 663 (61) (61)
Canadian dollar 19,676 (2,642) (2,642)
Australian dollar 27,725 (3,546) (3,546)
Sterling pound 439 11 11
Russian ruble 13,205 (1,058) (1,058)
Buy:
U.S. dollar 3,112 1 1
Australian dollar 4,252 (38) (38)
Thai baht 2,507 700 700
Japanese yen 4,889 (382) (382)
Total ¥133,781 ¥(15,940) ¥(15,940)
For forward foreign exchange contracts, fair values at year-end are estimated based on
prevailing forward exchange rates at that date.
The following tables summarize fair value information as of March 31, 2014 and 2013 of
derivative transactions for which hedge accounting has been applied:
Millions of yen Thousands of U.S. dollars
As of March 31, 2014
Contract
amount
Thereof due
after 1 year
Estimated
fair value
Contract
amount
Thereof due
after 1 year
Estimated
fair value
Interest rate swaps:
On long-term loans
payable:
Where certain
hedging criteria
are met (*1)
¥ 23,500 ¥17,900 ¥ — $ 228,155 $173,786 $ —
Forward foreign
exchange contracts:
Sell:
U.S. dollar 68,084 — (297) 661,010 — (2,885)
Euro 39,616 — (706) 384,621 — (6,854)
Canadian dollar 24,058 — 380 233,573 — 3,689
Australian dollar 37,540 — (1,190) 364,466 — (11,553)
Sterling pound 15,722 — (354) 152,641 — (3,437)
Russia ruble 6,207 — 163 60,262 — 1,583
Buy:
Thai baht 6,853 — 101 66,534 — 981
Total ¥221,580 ¥17,900 ¥(1,903) $2,151,262 $173,786 $(18,476)
Millions of yen
As of March 31, 2013
Contract
amount
Thereof due
after 1 year
Estimated
fair value
Interest rate swaps:
On long-term loans
payable:
Where certain
hedging criteria
are met (*1)
¥ 37,200 ¥22,500 ¥ —
Forward foreign
exchange contracts:
Sell:
U.S. dollar 161,839 — (11,228)
Euro 118,088 — (4,239)
Canadian dollar 23,904 — (2,007)
Australian dollar 98,444 — (5,875)
Sterling pound 13,799 — (487)
Swiss franc 1,952 — (131)
Russia ruble 13,613 — (473)
Buy:
U.S. dollar 6,998 — (146)
Thai baht 8,059 — 561
Total ¥483,896 ¥22,500 ¥(24,025)
(*1) The fair value of these interest rate swaps are, in effect, included in and presented with that of the hedged item
long-term loans payable. For details, refer to Note 4, “Financial Instruments.”
16 LEASES
The amount of future minimum lease payments under non-cancellable operating leases as
of March 31, 2014 and 2013 were as follows:
Millions of yen
Thousands of
U.S. dollars
As of March 31 2014 2013 2014
Current portion ¥ 3,748 ¥ 3,673 $ 36,388
Non-current portion 33,599 36,020 326,204
Total ¥37,347 ¥39,693 $362,592
59
Mazda Annual Report 2014
CONTENTS
Foundations Underpinning
Sustainable Growth
Financial Section
Review of Operations
Message from Management
Introduction
Brand Value Management