Nikon 2012 Annual Report Download - page 52

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50
NIKON CORPORATION ANNUAL REPORT 2012
(4) Maturity analysis for financial assets and securities with contractual maturities as of March 31, 2011 and 2012 were as follows:
Millions of Yen
March 31, 2011
Due in One Year
or Less
Due after
One Year through
Five Years
Cash and cash equivalents ¥181,061 ¥
Notes and accounts receivable 123,077
Investment securities
Available-for-sale securities with contractual maturities 0
Total ¥304,138 ¥ 0
Millions of Yen Thousands of U.S. Dollars
March 31, 2012
Due in One Year
or Less
Due after
One Year through
Five Years
Due in One Year
or Less
Due after
One Year through
Five Years
Cash and cash equivalents ¥131,711 ¥000,000 $1,602,521 $0,000,000
Notes and accounts receivable 137,533 1,673,357
Investment securities
Available-for-sale securities with contractual maturities 0 4
Total ¥269,244 ¥000,000 $3,275,882 $0,000,000
15. Derivatives
The Group enters into derivative contracts, including foreign
exchange forward contracts, currency option contracts,
foreign currency swap contracts and interest rate swap
contracts to hedge foreign exchange risk and interest rate
exposures. The Group does not hold or issue derivatives for
trading purposes. Derivatives are subject to market risk and
credit risk. Market risk is the exposure created by potential
fluctuations in market conditions, including changes in interest
or foreign exchange rates. Credit risk is the possibility that
a loss may result from a counterparty’s failure to perform
according to the terms and conditions of the contract.
Because the counterparties to the Group’s derivative con-
tracts are limited to major international financial institutions,
the Group does not anticipate any losses arising from credit
risk.
Derivative transactions entered into by the Group have been
made in accordance with internal policies that regulate the
authorization and credit limit amount.