Canon 2011 Annual Report Download - page 93
Download and view the complete annual report
Please find page 93 of the 2011 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.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104
 |
 |
Strategy Business Units Management System FINANCIAL SECTION
91
!37 !101
FINANCIAL SECTION
21. FAIR VALUE MEASUREMENTS
Fair value is the price that would be received to sell an asset
or paid to transfer a liability (an exit price) in the principal or
most advantageous market for the asset or liability in an
orderly transaction between market participants at the meas-
urement date. A three-level fair value hierarchy that
prioritizes the inputs used to measure fair value is as follows:
Level 1'Inputs are quoted prices in active markets for
identical assets or liabilities.
Level 2'Inputs are quoted prices for similar assets or liabil-
ities in active markets, quoted prices for identical
or similar assets or liabilities in markets that are
not active, inputs other than quoted prices that
are observable, and inputs that are derived princi-
pally from or corroborated by observable market
data by correlation or other means.
Level 3'Inputs are derived from valuation techniques in
which one or more significant inputs or value
drivers are unobservable, which reflect the report-
ing entity’s own assumptions about the
assumptions that market participants would use
in establishing a price.
Assets and liabilities measured at fair value on a
recurring basis
The following tables present Canon’s assets and liabilities that
are measured at fair value on a recurring basis consistent with
the fair value hierarchy at December 31, 2011 and 2010.
2011: Assets:
Cash and cash equivalents
Available-for-sale (current):
Corporate bonds
Available-for-sale (noncurrent):
Government bonds
Corporate bonds
Fund trusts
Equity securities
Derivatives
Total assets
Liabilities:
Derivatives
Total liabilities
Level 3 TotalLevel 2
¥
204,307
—
—
104
1,675
—
4,718
¥
210,804
¥
2,610
¥
2,610
Level 1
¥ —
20
150
—
151
17,724
—
¥
18,045
¥ —
¥ —
¥ —
—
—
454
—
—
—
¥
454
¥ —
¥ —
¥
204,307
20
150
558
1,826
17,724
4,718
¥
229,303
¥
2,610
¥
2,610
December 31
Millions of yen
2010: Assets:
Cash and cash equivalents
Available-for-sale (current):
Government bonds
Corporate bonds
Available-for-sale (noncurrent):
Government bonds
Corporate bonds
Fund trusts
Equity securities
Derivatives
Total assets
Liabilities:
Derivatives
Total liabilities
Level 3 TotalLevel 2
¥249,907
—
—
—
44
1,788
—
11,950
¥263,689
¥913
¥913
Level 1
¥ —
1
—
161
—
10
23,402
—
¥23,574
¥ —
¥ —
¥ —
—
1,000
—
950
—
—
—
¥1,950
¥ —
¥ —
¥249,907
1
1,000
161
994
1,798
23,402
11,950
¥289,213
¥913
¥913
Millions of yen