Nissan 2005 Annual Report Download - page 93

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2) Interest-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)
Interest rate swaps:
Receive/floating and pay/fixed........................................................... ¥185,695 ¥2,774 ¥2,774 $1,735,467 $25,925 $25,925
Receive/fixed and pay/floating........................................................... 192,885 3,287 3,287 1,802,664 30,720 30,720
Options:
Caps sold................................................................................................................ ¥441,875 $4,129,673
(Premium).............................................................................................................. (—) (7,289) (7,289) (—) (68,121) (68,121)
Caps purchased................................................................................................ ¥441,875 $4,129,673
(Premium).............................................................................................................. (—) 7,289 7,289 (—) 68,121 68,121
Total..................................................................................................................................... — — ¥6,061 — — $56,645
Millions of yen
Notional Unrealized
Fiscal year 2003 (As of Mar. 31, 2004) amount Fair value gain (loss)
Interest rate swaps:
Receive/floating and pay/fixed........................................................... ¥187,454 ¥ (851) ¥ (851)
Receive/fixed and pay/floating........................................................... 186,223 4,398 4,398
Options:
Caps sold................................................................................................................ ¥445,376
(Premium).............................................................................................................. (—) (4,219) (4,219)
Caps purchased................................................................................................ ¥445,376
(Premium).............................................................................................................. (—) 4,219 4,219
Total..................................................................................................................................... — — ¥3,547
Note: The notional amounts of the interest rate swaps and options presented above exclude those for which the deferral hedge accounting has been
applied.
FINANCIAL SECTION
Nissan Annual Report 2004 91