Sharp 2013 Annual Report Download - page 53

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Annual Report 2013 51
Yen (millions)
2011
Consolidated Balance
Sheet Amount Fair Value Difference
(1) Cash and cash equivalents, Time deposits, and Restricted cash ¥ 247,888 ¥ 247,888 ¥ 0
(2) Notes and accounts receivable 577,426 573,674 (3,752)
(3) Investments in securities
1) Shares of nonconsolidated subsidiaries and affiliates 3,364 2,866 (498)
2) Other securities 49,424 49,424 0
Total Assets 878,102 873,852 (4,250)
(4) Notes and accounts payable (excluding other accounts payable) 531,638 531,638 0
(5) Bank loans and Current portion of long-term borrowings
(included in short-term borrowings) 128,453 128,453 0
(6) Straight bonds (included in short-term borrowings and
long-term debt) 225,336 229,283 3,947
(7) Bonds with subscription rights to shares
(included in long-term debt) 201,783 195,997 (5,786)
(8) Long-term borrowings (included in long-term debt) 125,623 126,992 1,369
Total of Liabilities 1,212,833 1,212,363 (470)
(9) Derivative transactions* (1,159) (1,166) (7)
*Net receivables and payables arising from derivative transactions. Net payables are indicated by “( ).”
(Note 1) Methods of Calculating the Fair Value of Financial In-
struments and Matters Related to Securities and Deriva-
tive Transactions
(1) Cash and cash equivalents, Time deposits, and Restrict-
ed cash
The fair value of time deposits and Restricted cash ap-
proximates their book value, due to their short maturity
periods.
(2) Notes and accounts receivable
The fair value of notes and accounts receivable due
within a year approximates their book value. The fair
value of notes and accounts receivable with long ma-
turity periods is discounted using a rate which reflects
both the period until maturity and credit risk.
(3) Investments in securities
The fair value of investments in securities is based on
average quoted market price for the last month of the
fiscal year.
(4) Notes and accounts payable (excluding other accounts
payable)
The fair value of notes and accounts payable (excluding
other accounts payable) approximates their book value
due to their short maturity periods.
(5) Bank loans and current portion of long-term borrow-
ings (included in short-term borrowings)
The fair value of bank loans and current portion of
long-term borrowings approximates their book value
due to their short maturity periods.
(6) Straight bonds (included in short-term borrowings and
long-term debt)
The fair value of marketable straight bonds is deter-
mined by the quoted market price. The fair value of
non-marketable straight bonds is based on quoted
prices from financial institutions.
(7) Bonds with subscription rights to shares (included in
short-term borrowings and long-term debt)
The fair value of marketable bonds with subscription
rights to shares is determined by quoted market prices.
The fair value of non-marketable bonds with subscrip-
tion rights to shares is based on quoted prices from
financial institutions.
(8) Long-term borrowings (included in long-term debt)
The fair value of long-term borrowings is determined
by the total amount of the principal and interest using
the rate which would apply if similar borrowings were
newly made.
Financial Section