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66 F I N A N C I A L S E C T I O N >N O T E S T O C O N S O L I D A T E D F I N A N C I A L S T A T E M E N T S
22001111::Current:
Corporate bonds
Noncurrent:
Government bonds
Corporate bonds
Fund trusts
Equity securities
Cost
Gross unrealized
holding gains
Gross unrealized
holding losses Fair value
December 31
Thousands of U.S. dollars
$ 256
$ 2,205
7,295
23,936
203,987
$237,423
$
—
$
—
936
25
41,026
$41,987
$
—
$ 282
1,077
551
17,782
$19,692
$ 256
$ 1,923
7,154
23,410
227,231
$259,718
Maturities of available-for-sale debt securities and fund trusts included in short-term investments and investments in the
accompanying consolidated balance sheets were as follows at December 31, 2011:
Due within one year
Due after one year through five years
Due after five years through ten years
Cost Fair value Cost
Millions of yen Thousands of U.S. dollars
Fair value
¥
20
962
1,646
¥
2,628
¥
20
926
1,608
¥
2,554
$ 256
12,333
21,103
$33,692
$ 256
11,872
20,615
$32,743
Gross realized gains were ¥204 million ($2,615 thousand),
¥641 million and ¥277 million for the years ended December
31, 2011, 2010 and 2009, respectively. Gross realized losses,
including write-downs for impairments that were other-than-
temporary, were ¥4,281 million ($54,885 thousand), ¥1,961
million and ¥2,482 million for the years ended December 31,
2011, 2010 and 2009, respectively.
At December 31, 2011, substantially all of the available-for-
sale securities with unrealized losses had been in a
continuous unrealized loss position for less than twelve
months.
Time deposits with original maturities of more than three
months are ¥125,497 million ($1,608,936 thousand) and
¥95,814 million at December 31, 2011 and 2010, respectively,
and are included in short-term investments in the accompa-
nying consolidated balance sheets.
Aggregate cost of non-marketable equity securities
accounted for under the cost method totaled ¥14,583 million
($186,962 thousand) and ¥26,475 million at December 31,
2011 and 2010, respectively. Investments with an aggregate
cost of ¥14,583 million ($186,962 thousand) and ¥24,053 mil-
lion were not evaluated for impairment at December 31,
2011 and 2010, respectively, because (a) Canon did not esti-
mate the fair value of those investments as it was not
practicable to estimate the fair value of the investments and
(b) Canon did not identify any events or changes in circum-
stances that might have had significant adverse effects on the
fair value of those investments.
Investments in affiliated companies accounted for by the
equity method amounted to ¥15,776 million ($202,256 thou-
sand) and ¥26,817 million at December 31, 2011 and 2010,
respectively. Canon’s share of the net earnings (losses) in affil-
iated companies accounted for by the equity method,
included in other income (deductions), were losses of ¥7,368
million ($94,461 thousand), earnings of ¥10,471 million and
losses of ¥12,649 million for the years ended December 31,
2011, 2010 and 2009, respectively.