Canon 2011 Annual Report Download - page 79

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Strategy Business Units Management System FINANCIAL SECTION
77
!37 !101
FINANCIAL SECTION
Equity securities:
Japanese companies (a)
Foreign companies
Pooled funds (b)
Debt securities:
Government bonds (c)
Municipal bonds
Corporate bonds
Pooled funds (d)
Mortgage backed securities
(and other asset backed
securities)
Life insurance company
general accounts
Other assets
Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
$485,577
61,590
—
230,141
—
—
—
—
—
—
$777,308
$
—
—
1,056,154
—
11,077
104,744
2,446,564
62,077
1,188,462
91,935
$4,961,013
$
—
—
—
—
—
—
—
—
—
14,705
$14,705
$ 485,577
61,590
1,056,154
230,141
11,077
104,744
2,446,564
62,077
1,188,462
106,640
$5,753,026
$
—
48,449
—
29,820
—
—
—
—
—
—
$78,269
$
—
—
612,551
—
244
—
1,187,859
34,949
—
548,090
$2,383,693
$
—
—
—
—
—
—
—
—
—
—
$
—
$
—
48,449
612,551
29,820
244
—
1,187,859
34,949
—
548,090
$2,461,962
December 31, 2011 Thousands of U.S. dollars
Japanese plans Foreign plans
(a) The plan’s equity securities include common stock of the
Company and certain of its subsidiaries in the amounts
of ¥1,129 million ($14,474 thousand).
(b) These funds invest in listed equity securities consisting
of approximately 50% Japanese companies and 50% for-
eign companies for Japanese plans, and mainly foreign
companies for foreign plans.
(c) This class includes approximately 30% Japanese govern-
ment bonds and 70% foreign government bonds.
(d) These funds invest in approximately 75% Japanese gov-
ernment bonds, 15% foreign government bonds, 5%
Japanese municipal bonds, and 5% corporate bonds for
Japanese plans. These funds invest in approximately 40%
foreign government 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 ¥1,044 million.
(f) These funds invest in listed equity securities consisting
of approximately 50% Japanese companies and 50% for-
eign companies for Japanese plans, and mainly foreign
companies for foreign plans.
(g) This class includes approximately 50% Japanese govern-
ment bonds and 50% foreign government bonds.
(h) These funds invest in approximately 60% Japanese gov-
ernment bonds, 20% foreign government bonds, 10%
Japanese municipal bonds, and 10% corporate bonds for
Japanese plans. These funds invest in approximately 40%
foreign government bonds and 60% corporate bonds for
foreign plans.
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 securi-
ties and government bonds, which are valued using
unadjusted quoted market prices in active markets with suf-
ficient volume and frequency of transactions. Level 2 assets
are comprised principally of pooled funds that invest in
equity and debt securities, corporate bonds and investments
in life insurance company 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 conversion value.
The fair value of Level 3 assets, consisting of hedge funds,
was ¥1,147 million ($14,705 thousand) and ¥1,039 million
at December 31, 2011 and 2010, respectively. Amounts of
actual returns on, and purchases and sales of, these assets
during the years ended December 31, 2011 and 2010 were
not significant.