Canon 2014 Annual Report Download - page 79

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77
C
ORPORATE
S
TRUCTUREBU
S
INE
SS
S
EGMEN
T
F
INANCIAL
S
ECTIO
N
CORPORATE DAT
A
STRATEGY
Future minimum lease payments required under noncancelable operating leases that have initial or remaining lease
terms in excess of one year at December 31, 2014 are as follows:
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, 2014, 2013 and 2012.
Derivatives in cash flow hedging relationships
Years ended December 31
Gain (loss) recognized
in OCI (effective portion)
Gain (loss) reclassified from
accumulated OCI into income
(effective portion)
Gain (loss) recognized in income
(ineffective portion and amount excluded
from effectiveness testing)
Millions of yen Amount Location Amount Location Amount
2014: Foreign exchange
contracts ¥ (49) Other, net ¥ (3,260) Other, net ¥ (145)
2013: Foreign exchange
contracts 3,242 Other, net (15,387) Other, net (111)
2012: Foreign exchange
contracts (8,207) Other, net (2,440) Other, net (221)
Derivatives not designated as hedging instruments
18. COMMITMENTS AND CONTINGENT LIABILITIES
Commitments
At December 31, 2014, commitments outstanding for the
purchase of property, plant and equipment approximat-
ed ¥52,668 million, and commitments outstanding for
the purchase of parts and raw materials approximated
¥76,984 million.
Canon occupies sales offices and other facilities under
lease arrangements accounted for as operating leases.
Deposits made under such arrangements aggregated
¥13,847 million and ¥13,448 million at December 31,
2014 and 2013, respectively, and are included in noncur-
rent receivables in the accompanying consolidated balance
sheets. Rental expenses under such operating lease arrange-
ments amounted to ¥43,215 million, ¥44,562 million and
¥40,273 million for the years ended December 31, 2014,
2013 and 2012, respectively.
Years ended December 31 Gain (loss) recognized in income on derivative
Millions of yen
Location 2014 2013 2012
Foreign exchange contracts Other, net
¥(21,728)
¥(61,787) ¥(30,602)
Year ending December 31: Millions of yen
2015 ¥ 26,450
2016 18,937
2017 15,571
2018 8,753
2019 5,775
Thereafter 10,233
Total future minimum lease payments ¥ 85,719