Canon 2002 Annual Report Download - page 57

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55
Net unrealized gains on available-for-sale securities, net of
related taxes and minority interests, decreased by ¥1,732
million ($14,433 thousand), ¥13,603 million and ¥34,532
million in the years ended December 31, 2002, 2001 and
Thousands of
Millions of yen U.S. dollars
Cost Fair Value Cost Fair Value
Due within one year ¥6,068 6,190 $ 50,567 51,583
Due after one year through five years 545 608 4,542 5,067
Due after five years 7,276 7,051 60,633 58,758
Equity securities 6,457 8,076 53,808 67,300
¥20,346 21,925 $169,550 182,708
Proceeds from sale of available-for-sale securities were
¥1,099 million ($9,158 thousand), ¥9,473 million and ¥2,428
million in the years ended December 31, 2002, 2001 and
2000, respectively.
In June 2001, Canon contributed certain marketable equity
securities, not including those of its subsidiaries and affiliated
companies, to an established employee retirement benefit trust,
with no cash proceeds thereon. The fair value of those securities
at the time of contribution was ¥38,954 million. Upon
contribution of those available-for-sale securities, the net
unrealized gains amounting to ¥15,536 million were realized
and were accounted for as “Other, net” in the consolidated
statements of income.
Realized gains and losses during the years ended December
31, 2002 and 2000 were insignificant.
Gross Gross
Unrealized Unrealized
Holding Holding
(Thousands of U.S. dollars) Cost Gains Losses Fair Value
2002: Current:
Available-for-sale:
Japanese and foreign governmental bond securities $ 492 16 —508
Corporate debt securities 47,484 367 117 47,734
Bank debt securities 758 ——758
Fund trusts 1,833 750 —2,583
Equity securities 9,950 —1,075 8,875
$ 60,517 1,133 1,192 60,458
Noncurrent:
Available-for-sale:
Japanese and foreign governmental bond securities $ 1,833 59 —1,892
Corporate debt securities 42,909 558 359 43,108
Bank debt securities 1,250 ——1,250
Fund trusts 19,183 —1,608 17,575
Equity securities 43,858 21,900 7,333 58,425
$109,033 22,517 9,300 122,250
2000, respectively.
Maturities of marketable securities and investments
classified as available-for-sale at December 31, 2002 were as
follows: