Nissan 2005 Annual Report Download - page 92

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Summarized below are the notional amounts and the estimated fair value of the derivative instruments outstanding at March 31, 2005 and 2004:
1) Currency-related transactions
Millions of yen Thousands of U.S. dollars
Notional Unrealized Notional Unrealized
Fiscal year 2004 (As of Mar. 31, 2005) amount Fair value gain (loss) amount Fair value gain (loss)
Forward foreign exchange contracts
Sell:
US$....................................................................................................................... ¥ 9,678 ¥9,222 ¥456 $ 90,449 $586,187 $4,262
CAN$................................................................................................................... 7,122 7,201 (79) 66,561 67,299 (738)
ZAR....................................................................................................................... 777 729 48 7,262 6,813 449
GBP ...................................................................................................................... 3,100 3,075 25 28,972 28,738 234
Buy:
CAN$................................................................................................................... ——— — ——
US$....................................................................................................................... 7,238 7,026 (212) 67,645 65,664 (1,981)
Currency swaps:
Euro....................................................................................................................... ¥116,844 ¥ (1) ¥ (1) $1,092,000 $ (9) $ (9)
£ Stg..................................................................................................................... ——— — ——
US$....................................................................................................................... 107,144 662 662 1,001,346 6,187 6,187
AU$....................................................................................................................... 26,216 41 41 245,009 383 383
HK$ ...................................................................................................................... 5,307 — — 49,598 — —
CAN$................................................................................................................... ——— — ——
Total..................................................................................................................................... — — ¥940 — — $8,787
Millions of yen
Notional Unrealized
Fiscal year 2003 (As of Mar. 31, 2004) amount Fair value gain (loss)
Forward foreign exchange contracts
Sell:
US$....................................................................................................................... ¥23,293 ¥22,778 ¥ 515
CAN$................................................................................................................... 7,959 7,932 27
ZAR....................................................................................................................... 685 702 (17)
Buy:
CAN$................................................................................................................... 29,456 29,899 443
£ Stg..................................................................................................................... ———
US$....................................................................................................................... 20,714 20,362 (352)
Currency swaps:
Euro....................................................................................................................... ¥86,958 ¥ 347 ¥ 347
£ Stg..................................................................................................................... 35,732 58 58
US$....................................................................................................................... 21,185 298 298
CAN$................................................................................................................... 1,129 (97) (97)
Total..................................................................................................................................... — — ¥1,222
Note: The notional amounts of the forward foreign exchange contracts and currency swaps presented above exclude those entered into to hedge receiv-
ables and payables denominated in foreign currencies which have been translated and are reflected at their corresponding contracted rates in the
accompanying consolidated balance sheets.
FINANCIAL SECTION
Nissan Annual Report 2004
90