Ricoh 2004 Annual Report Download - page 51

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(e) Interest rate swap agreements
The fair value of interest rate swap agreements is estimated by obtaining
quotes from brokers.
(f) Foreign currency contracts and Foreign currency options
The fair value of foreign currency contracts and foreign currency options is
estimated by obtaining quotes from brokers.
The estimated fair value of the financial instruments as of March 31,
2003 and 2004 is summarized as follows:
50
Millions of yen
2004
Estimated
fair value
$ 644,183
496,404
(2,735,846)
21,788
18,038
(1,394)
Carrying
amount
$ 644,183
494,760
(2,707,404)
21,788
18,038
(1,394)
Estimated
fair value
¥ 66,995
51,626
(284,528)
2,266
1,876
(145)
Carrying
amount
¥ 66,995
51,455
(281,570)
2,266
1,876
(145)
Estimated
fair value
¥ 72,080
50,783
(351,305)
3,985
(594)
(466)
Carrying
amount
¥
72,080
50,531
(345,902)
3,985
(594)
(466)
2003
2004
Thousands of
U.S. dollars
Marketable securities and Investment securities
Installment loans
Long-term indebtedness
Interest rate swap agreements, net
Foreign currency contracts, net
Foreign currency options, net
Limitations
Fair value estimates are made at a specific point in time, based on relevant
market information and information about the financial instrument.
These estimates are subjective in nature and involve uncertainties and
matters of significant judgment and therefore cannot be determined with
precision. Changes in assumptions could significantly affect the estimates.