Suzuki 2011 Annual Report Download - page 43

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42 SUZUKI MOTOR CORPORATION
(g) Derivative transactions
The contract/notional amounts of derivatives which are shown in the below table do not represent the Group’s exposure to
market risk. Fair values of derivatives which are shown in the below table are valued at the market rates reported by the finan-
cial institutions.
a. Derivative transactions to which hedge accounting is not applied as of March 31, 2011 and 2010
Currency related transactions (non-market transactions) (Amount: Millions of yen)
Type
2011 2010
Contract/
notional
amount
Amount
due after
one year
Fair value Gain
(loss)
Contract/
notional
amount
Amount
due after
one year
Fair value Gain
(loss)
Foreign currency
forward contracts
Selling
USD ¥ 37 ¥ — ¥ (71)¥ (71)¥ 160 ¥ — ¥ (3)¥ (3)
EUR 112 —(4)(4)————
GBP 135 — 5 5 66 —(6)(6)
Buying
USD 8,882 —(2)(2)————
JPY 1,783 —(44)(44)3,000 —(48)(48)
Total 10,952 —(118)(118)3,226 —(57)(57)
(Amount: Thousands of U.S. dollars)
Type
2011
Contract/
notional
amount
Amount
due after
one year
Fair value Gain
(loss)
Foreign currency
forward contracts
Selling
USD $ 448 $ — $ (865)$ (865)
EUR 1,353 —(56)(56)
GBP 1,629 —62 62
Buying
USD 106,829 —(35)(35)
JPY 21,453 —(534)(534)
Total 131,714 —(1,429)(1,429)
Interest rate related transactions (non-market transactions) (Amount: Millions of yen)
Type
2011 2010
Contract/
notional
amount
Amount
due after
one year
Fair value Gain
(loss)
Contract/
notional
amount
Amount
due after
one year
Fair value Gain
(loss)
Interest rate swaps
Pay fixed
receive floating ¥ 5,255 ¥ 2,627 ¥ (208)¥ (208)¥ 11,757 ¥ 11,757 ¥ (315)¥ (315)
Total 5,255 2,627 (208)(208)11,757 11,757 (315)(315)
(Amount: Thousands of U.S. dollars)
Type
2011
Contract/
notional
amount
Amount
due after
one year
Fair value Gain
(loss)
Interest rate swaps
Pay fixed
receive floating $ 63,207 $ 31,603 $ (2,506)$ (2,506)
Total 63,207 31,603 (2,506)(2,506)
Consolidated Financial Statements