Mitsubishi 2006 Annual Report Download - page 77

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75
MITSUBISHI MOTORS CORPORATION ANNUAL REPORT 2006
(c) Control
MMC does not enter into derivative contracts for trading purposes or on the anticipation of gains from short-term
market movements. Derivative transactions are appropriately pre-approved by Managing Directors in charge of
Finance Group Headquarters. MMC approves derivative transactions of consolidated subsidiaries as appropriate, and
in accordance with policies established for each subsidiary, which require the appropriate approval of Managing
Directors in charge of Finance Group Headquarters.
Summarized below are the notional amounts and the estimated fair values (based on the prices provided by
counterparty financial institutions) of the derivative positions, except for those accounted for under the special
hedge provisions, outstanding at March 31, 2006 and 2005:
[Forward foreign exchange contracts]
In millions of yen
2006 2005
Notional Unrealized Notional Unrealized
amount Fair value gain (loss) amount Fair value gain (loss)
Forward foreign exchange contracts:
Sell:
U.S. $ ¥18,596 ¥19,523 ¥ (927) ¥14,033 ¥13,867 ¥ 166
Euro 48,999 47,676 1,323 18,328 18,690 (362)
£ stg 1,420 1,518 (98) 2,284 2,351 (66)
Canadian $ ———967 1,034 (66)
Australian $ 9,704 9,845 (141) 2,920 3,172 (251)
Japanese ¥ 19,812 17,023 2,789 13,444 13,199 245
Buy:
Japanese ¥ 12,714 12,392 (322) 10,950 10,900 (49)
Total ¥2,623 ¥(385)
In thousands of U.S. dollars
2006
Notional Unrealized
amount Fair value gain (loss)
Forward foreign exchange contracts:
Sell:
U.S. $ $158,304 $166,196 $ (7,891)
Euro 417,126 405,856 11,269
£ stg 12,091 12,927 (836)
Canadian $ ———
Australian $ 82,608 83,813 (1,204)
Japanese ¥ 168,664 144,921 23,742
Buy:
Japanese ¥ 108,236 105,493 (2,743)
Total $22,336
Notes to Consolidated Financial Statements