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71
NIKON REPORT 2016
Millions of Yen Thousands of U.S. Dollars
March 31, 2016 Carrying Amount Fair Value
Unrealized
Gain / Loss Carrying Amount Fair Value
Unrealized
Gain / Loss
Cash and cash equivalents ¥251,210 ¥251,210 ¥ $2,229,414 $2,229,414 $
Notes and accounts receivable—trade 96,573 96,573 857,055 857,055
Investment securities 58,134 58,134 515,920 515,920
Total ¥405,917 ¥405,917 ¥ $3,602,389 $3,602,389 $
Notes and accounts payable—trade ¥117,399 ¥117,399 $1,041,884 $1,041,884
Short-term borrowings 13,600 13,600 120,696 120,696
Accrued expenses 53,616 53,616 475,823 475,823
Income taxes payable 4,012 4,012 35,602 35,602
Bonds 50,000 51,602 ¥(1,602) 443,734 457,952 $(14,217)
Long-term loans 47,100 48,054 (954) 417,998 426,466 (8,468)
Total ¥285,559 ¥288,115 ¥(2,556) $2,534,246 $2,556,932 $(22,685)
Derivatives ¥ (168) ¥ (168) ¥ $ (1,491) $ (1,491) $
Cash and cash equivalents
The carrying values of cash and cash equivalents approximate fair
value because of their short maturities.
Notes and accounts receivable—trade
The carrying values of notes and accounts receivable—trade
approximate fair value because of their short maturities.
Carrying amounts and fair values of notes and accounts
receivable—trade are the amounts after deduction of the allowance for
doubtful receivables.
Investment securities and investments in and advances to
unconsolidated subsidiaries and associated companies
The fair values of investment securities and investments in and
advances to unconsolidated subsidiaries and associated companies
are measured at the quoted market price of the stock exchange. The
carrying values of investment securities and investments in and
advances to unconsolidated subsidiaries and associated companies
whose fair value is not readily determinable were ¥1,672 million and
¥10,972 million as of March 31, 2015 and ¥4,140 million and
¥11,926 million ($36,743 thousand and $105,836 thousand) as of
March 31, 2016. Such investments are excluded from the table
above, because it is difcult to estimate their fair values and impossi-
ble to estimate their future cash ows.
Notes and accounts payable, short-term borrowings and income
taxes payable
The carrying values approximate fair value because of their short maturities.
Accrued expenses
The carrying values of accrued expenses approximate fair value
because of their short maturities.
Long-term loans
The fair values of long-term loans are determined by discounting the
future cash ows related to the loans at the rate assumed based on
the yield of government bonds and credit spread. Long-term loans
include the current portion, which is included in short-term loans
payable in the consolidated balance sheet.
Bonds
The fair values of bonds are determined based on the market price,
if it is available, or by discounting the future cash ows related to the
debt at the rate assumed based on interest rates on government secu-
rities and credit risk.
Bonds are included in long-term debt in the consolidated
balance sheet.
Derivatives
Derivatives are shown as the net amount of net realizable assets and
liabilities that arose from derivative transactions. If the net amount is a
liability, it is shown as negative amount. Fair value information for
derivatives is included in Note 16, “Derivatives.”
(d) Maturity analysis for nancial assets and securities with contractual maturities as of March 31, 2015 and 2016
Millions of Yen
March 31, 2015 Due in One Year or Less
Due after One Year
through Five Years
Cash and cash equivalents ¥259,625 ¥
Notes and accounts receivable 131,555
Total ¥391,180 ¥
Notes to Consolidated Financial Statements
FINANCIAL AND CORPORATE DATA