Nissan 2006 Annual Report Download - page 80

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Summarized below are the notional amounts and the estimated fair value of the derivative instruments outstanding at March 31, 2006 and 2005:
1) Currency-related transactions
Millions of yen Thousands of U.S. dollars
Notional Unrealized Notional Unrealized
Fiscal year 2005 (As of Mar. 31, 2006) amount Fair value gain (loss) amount Fair value gain (loss)
Forward foreign exchange contracts
Sell:
USD .......................................................................................................................... ¥ 8,326 ¥8,523 ¥ (197) $ 71,162 $72,846 $ (1,684)
EUR........................................................................................................................... 1,117 1,134 (17) 9,547 9,692 (145)
ZAR........................................................................................................................... 668 717 (49) 5,709 6,128 (419)
GBP .......................................................................................................................... 9 9 — 77 77 —
Others ..................................................................................................................... 33 32 1 282 273 9
Buy:
EUR........................................................................................................................... 876 828 (48) 7,487 7,077 (410)
USD .......................................................................................................................... 3,078 3,082 4 26,308 26,342 34
Others ..................................................................................................................... 174 168 (6) 1,487 1,436 (51)
Currency swaps:
EUR........................................................................................................................... ¥105,906 ¥ (253) ¥ (253) $905,179 $ (2,163) $ (2,163)
GBP .......................................................................................................................... 16,771 (16) (16) 143,342 (137) (137)
USD .......................................................................................................................... 37,049 422 422 316,658 3,607 3,607
AUD.......................................................................................................................... 39,199 (605) (605) 335,034 (5,171) (5,171)
HKD.......................................................................................................................... 5,222 100 100 44,632 855 855
CAD .......................................................................................................................... 4,106 (1,120) (1,120) 35,094 (9,573) (9,573)
ZAR........................................................................................................................... 2,450 (27) (27) 20,940 (231) (231)
Total......................................................................................................................................... — — ¥(1,811) — — $(15,479)
Millions of yen
Notional Unrealized
Fiscal year 2004 (As of Mar. 31, 2005) amount Fair value gain (loss)
Forward foreign exchange contracts
Sell:
USD .......................................................................................................................... ¥ 9,678 ¥9,222 ¥456
CAD .......................................................................................................................... 7,122 7,201 (79)
ZAR........................................................................................................................... 777 729 48
GBP .......................................................................................................................... 3,100 3,075 25
Buy:
USD .......................................................................................................................... 7,238 7,026 (212)
Currency swaps:
EUR........................................................................................................................... ¥116,844 ¥ (1) ¥ (1)
USD .......................................................................................................................... 107,144 662 662
AUD.......................................................................................................................... 26,216 41 41
HKD.......................................................................................................................... 5,307 — —
Total......................................................................................................................................... — — ¥940
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.
Nissan Annual Report 2005
78
FINANCIAL SECTION