Sharp 2015 Annual Report Download - page 43

*Net receivables and payables arising from derivative transactions. Net payables are indicated by “( )”.
Yen (millions)
2014
Consolidated
Balance Sheet
Amount
Fair Value Difference
(1) Cash and cash equivalents, Time deposits, and
Restricted cash ¥ 379,596 ¥ 379,596 ¥ —
(2) Notes and accounts receivable 574,702 572,769 (1,933)
(3) Investments in securities
1) Shares of nonconsolidated subsidiaries and affiliates 382 610 228
2) Other securities 36,449 36,449 —
Total Assets 991,129 989,424 (1,705)
(4) Notes and accounts payable
(excluding other accounts payable) 374,470 374,470 —
(5) Bank loans and Current portion of long-term
borrowings (included in short-term borrowings) 681,557 681,557 —
(6) Straight bonds (included in short-term borrowings
and long-term debt) 160,340 154,520 (5,820)
(7) Long-term borrowings (included in long-term debt) 229,479 231,671 2,192
Total Liabilities 1,445,846 1,442,218 (3,628)
(8) Derivative transactions* 310 (63) (373)
(Note 1) Methods of Calculating the Fair Value of Financial Instruments and Matters Related to
Securities and Derivative Transactions
(1) Cash and cash equivalents, Time deposits, and Restricted cash
The fair value of time deposits and Restricted cash approximates 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 maturity 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 prices 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 borrowings (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 determined by the over-the-counter market
price.
(7) 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.
(8) Derivative transactions
The fair value of currency swap contracts and interest swap contracts is based on quoted
prices from financial institutions. The fair value of forward exchange contracts are based on
forward exchange rate.
(Note 2) Financial instruments of which fair values are considered to be too difficult to be estimated are
unlisted stocks of ¥110,308 million as of March 31, 2014 and ¥110,240 million as of March
31, 2015 and other investments of ¥26,871 million as of March 31, 2014 and ¥25,633 million
as of March 31, 2015. Since there are no quoted market prices and it is too difficult to estimate
the fair values, they are not included in “(3) Investments in securities.”
Notes to the Consolidated Financial Statements
41
Notes to the Consolidated
Financial Statements
Financial Section
Segment Outline
Medium-Term Management Plan
for Fiscal 2015 through 2017
Investor Information
Directors, Audit & Supervisory Board
Members and Executive Officers
Risk Factors
Corporate Governance
Contents
Corporate Social
Responsibility (CSR)
Message to our Shareholders
Fiscal 2014 Review by
Product Group
Financial Highlights
SHARP Annual Report 2015
Consolidated
Subsidiaries
Independent Auditor’s
Report
Consolidated Statements of
Cash Flows
Consolidated Statements of
Changes in Net Assets
Consolidated Statements of
Comprehensive Income
Consolidated Statements of
Operations
Consolidated Balance Sheets
Financial Review
Five-Year Financial Summary