Canon 2014 Annual Report Download - page 60

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58
2. INVESTMENTS
The cost, gross unrealized holding gains, gross unrealized holding losses and fair value for available-for-sale securities
included in investments by major security type at December 31, 2014 and 2013 were as follows:
December 31
Millions of yen Cost
Gross unrealized
holding gains
Gross unrealized
holding losses Fair value
2014: Noncurrent:
Government bonds ¥ 331 ¥ — ¥ 6 ¥ 325
Corporate bonds 512 153 29 636
Fund trusts 84 — — 84
Equity securities 20,905 19,765 17 40,653
¥ 21,832 ¥ 19,918 ¥ 52 ¥ 41,698
Millions of yen Cost
Gross unrealized
holding gains
Gross unrealized
holding losses Fair value
2013: Noncurrent:
Government bonds ¥ 338 ¥ — ¥ 31 ¥ 307
Corporate bonds 491 16 26 481
Fund trusts 68 — — 68
Equity securities 18,112 16,450 26 34,536
¥ 19,009 ¥ 16,466 ¥ 83 ¥ 35,392
Maturities of available-for-sale debt securities included in investments in the accompanying consolidated balance sheets
were as follows at December 31, 2014:
Gross realized gains were ¥2,540 million, ¥2,360 million
and ¥238 million for the years ended December 31, 2014, 2013
and 2012, respectively. Gross realized losses, including write-
downs for impairments that were other-than-temporary,
were ¥31 million, ¥2 million and ¥1,545 million for the years
ended December 31, 2014, 2013 and 2012, respectively.
At December 31, 2014, substantially all of the available-for-
sale securities with unrealized losses had been in a continu-
ous unrealized loss position for less than twelve months.
Time deposits with original maturities of more than
three months are ¥71,863 million and ¥47,914 million at
December 31, 2014 and 2013, respectively, and are included
in short-term investments in the accompanying consolidat-
ed balance sheets.
Aggregate cost of non-marketable equity securities
accounted for under the cost method totaled ¥1,164 million
and ¥14,794 million at December 31, 2014 and 2013, respec-
tively. These investments were not evaluated for impair-
ment at December 31, 2014 and 2013, respectively, because (a)
Canon did not estimate the fair value of those investments as
it was not practicable to estimate the fair value of the invest-
ments and (b) Canon did not identify any events or chang-
es in circumstances 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 ¥20,863 million and ¥18,937
million at December 31, 2014 and 2013, respectively. Canon’s
share of the net earnings (losses) in affiliated companies
accounted for by the equity method, included in other
income (deductions), were earnings of ¥478 million, losses of
¥664 million and earnings of ¥610 million for the years end-
ed December 31, 2014, 2013 and 2012, respectively.
December 31 Millions of yen
Cost Fair value
Due after five years ¥ 843 ¥ 961
¥ 843 ¥ 961
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS