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Strategy Business Units Management System FINANCIAL SECTION
84
Foreign exchange contracts Other, net
2010
Millions of yen
Thousands of
U.S. dollars
20122011
¥11,168
2012
¥(30,602)
¥50,794 $(351,747)
Gain (loss) recognized in income on derivative
Location
Effect of derivative instruments in the consolidated statements of income
The following tables present the effect of Canon’s derivative instruments in the consolidated statements of income for the
years ended December 31, 2012, 2011 and 2010.
Derivatives in cash flow hedging relationships
2012: Foreign exchange
contracts
2011: Foreign exchange
contracts
2010: Foreign exchange
contracts
Thousands of U.S. dollars
2012: Foreign exchange
contracts
Amount Location
Gain (loss) reclassified from
accumulated OCI into income
(effective portion)
Gain (loss) recognized in income
(ineffective portion and amount excluded
from effectiveness testing)
Amount
¥(2,440)
5,006
6,990
$(28,046)
Location
Other, net
Other, net
Other, net
Other, net
Amount
¥(8,207)
(785)
1,419
$(94,333)
Other, net
Other, net
Other, net
Other, net
¥(221)
(457)
(302)
$(2,540)
Years ended December 31
Millions of yen
Gain (loss) recognized
in OCI (effective portion)
Derivatives not designated as hedging instruments
19. COMMITMENTS AND CONTINGENT LIABILITIES
Commitments
At December 31, 2012, commitments outstanding for the
purchase of property, plant and equipment approximated
¥39,520 million ($454,253 thousand), and commitments
outstanding for the purchase of parts and raw materials
approximated ¥65,311 million ($750,701 thousand).
Canon occupies sales offices and other facilities under
lease arrangements accounted for as operating leases.
Deposits made under such arrangements aggregated
¥13,313 million ($153,023 thousand) and ¥14,171 million at
December 31, 2012 and 2011, respectively, and are included
in noncurrent receivables in the accompanying consoli-
dated balance sheets. Rental expenses under such operating
lease arrangements amounted to ¥40,273 million ($462,908
thousand), ¥38,167 million and ¥40,396 million for the
years ended December 31, 2012, 2011 and 2010, respectively.
2013
2014
2015
2016
2017
Thereafter
Total future minimum lease payments
Millions of yen
Thousands of
U.S. dollars
¥ 25,101
16,512
11,296
7,529
5,623
9,746
¥ 75,807
$ 288,517
189,793
129,839
86,540
64,632
112,024
$ 871,345
Year ending December 31:
Years ended December 31
Future minimum lease payments required under noncancelable operating leases that have initial or remaining lease
terms in excess of one year at December 31, 2012 are as follows: