Canon 2010 Annual Report Download - page 88
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Please find page 88 of the 2010 Canon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.CANON ANNUAL REPORT 201086
(a) The plan’s equity securities include common stock of the
Company and certain of its subsidiaries in the amounts of
¥1,044 million ($12,889 thousand) at December 31, 2010.
(b) These funds invest in listed equity securities consisting of
approximately 50% Japanese companies and 50% foreign
companies for Japanese plans and mainly foreign compa-
nies for foreign plans.
(c) This class includes approximately 50% Japanese government
bonds and 50% foreign government bonds.
(d) These funds invest in approximately 60% Japanese govern-
ment bonds, 20% foreign government bonds, 10% Japanese
municipal bonds, and 10% corporate bonds for Japanese
plans. These funds invest in approximately 40% foreign gov-
ernment bonds and 60% corporate bonds for foreign plans.
(e) The plan’s equity securities include common stock of the
Company and certain of its subsidiaries in the amounts of
¥950 million at December 31, 2009.
(f) These funds invest in listed equity securities consisting of
approximately 50% Japanese companies and 50% foreign
companies for Japanese plans, and mainly foreign compa-
nies for foreign plans.
(g) This class includes approximately 80% Japanese government
bonds and 20% foreign government bonds.
(h) These funds invest in approximately 55% Japanese govern-
ment bonds, 25% foreign government bonds, 10% Japanese
municipal bonds, and 10% corporate bonds.
Each level into which assets are categorized is based on
inputs used to measure the fair value of the assets, and does
not necessarily indicate the risks or ratings of the assets.
Level 1 assets are comprised principally of equity securities
and government bonds, which are valued using unadjusted
quoted market prices in active markets with suffi cient volume
and frequency of transactions. Level 2 assets are comprised
principally of pooled funds that invest in equity and debt securi-
ties, corporate bonds and investments in life insurance compa-
ny general accounts. Pooled funds are valued at their net asset
values that are calculated by the sponsor of the fund and have
daily liquidity. Corporate bonds are valued using quoted prices
for identical assets in markets that are not active. Investments
in life insurance company general accounts are valued at con-
version value.
The fair value of Level 3 assets, consisting of hedge funds,
was ¥1,039 million ($12,827 thousand) and ¥771 million at
December 31, 2010 and 2009, respectively. Amounts of actual
returns on, and purchases and sales of, these assets during the
years ended December 31, 2010 and 2009 were not signifi cant.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
CANON INC. AND SUBSIDIARIES
December 31, 2010 Thousands of U.S. dollars
Japanese plans Foreign plans
Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
Equity securities:
Japanese companies (a) $619,469 $ — $ — $ 619,469 $ — $ — $ — $ —
Foreign companies 66,074 — — 66,074 42,889 — — 42,889
Pooled funds (b) — 1,118,481 — 1,118,481 — 995,877 — 995,877
Debt securities:
Government bonds (c) 119,593 — — 119,593 25,605 — — 25,605
Municipal bonds — 3,988 — 3,988 — — — —
Corporate bonds — 80,469 — 80,469 — — — —
Pooled funds (d) — 2,398,593 — 2,398,593 — 1,291,975 — 1,291,975
Mortgage backed securities
(and other asset backed
securities)
— 24,444 — 24,444 — 2,864 — 2,864
Life insurance company
general accounts — 1,130,988 — 1,130,988 — — — —
Other assets — 105,197 12,827 118,024 — 83,197 — 83,197
$805,136 $4,862,160 $12,827 $5,680,123 $68,494 $2,373,913 $ — $2,442,407