Casio 2000 Annual Report Download - page 30

Download and view the complete annual report

Please find page 30 of the 2000 Casio 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.

Page out of 42

  • 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

28
6. DERIVATIVE TRANSACTIONS
Status of derivative transactions—The Group utilizes in-
terest rate swap and swaption contracts as derivative
transactions, in order to hedge interest rate risks arising from
normal business transactions and to improve efficiency of uti-
lization of available funds.
The Group also utilizes forward foreign currency con-
tracts and currency options, in order to hedge currency
fluctuation risks arising from export of products and materi-
als for products, in addition to hedging through increases in
overseas production and overseas procurement of materials.
The derivative transactions are solely made with highly
rated financial institutions, therefore, the Group does not ex-
pect any credit risks.
The Group utilizes derivatives following the internal reg-
ulation for derivatives, which stipulates policy, objective,
scope, organization, procedures, and financial institutions to
deal with, and has a reporting system for derivative transac-
tions reflecting proper internal control functions.
Market value of derivative transactions—The aggregate
amounts contracted to be paid or received and the fair value
of derivative transactions in Japanese yen of the Group at
March 31, 2000 were as follows:
5. MARKETABLE SECURITIES
Book value and market value of marketable equity securities at March 31, 2000 and 1999 were as follows:
Thousands of
Millions of yen U.S. dollars
20 0 0 1999 200 0
Current:
Book value ¥10,318 ¥ 6,272 $ 97,340
Market value 12,262 7,677 115,680
Unrealized gain ¥ 1,944 ¥ 1,405 $ 18,340
Noncurrent:
Book value ¥ 5,839 ¥ 5,541 $ 55,085
Market value 7,094 6,382 66,925
Unrealized gain ¥ 1,255 ¥ 841 $ 11,840
4. INVENTORIES
Inventories at March 31, 2000 and 1999 consisted of the following:
Thousands of
Millions of yen U.S. dollars
20 0 0 1999 200 0
Finished products ¥52,522 ¥55,005 $495,490
Work in process 12,680 7,221 119,623
Materials and supplies 15,305 13,598 144,387
¥80,507 ¥75,824 $759,500
3. CASH AND CASH EQUIVALENTS
Cash and cash equivalents at March 31, 2000 and 1999 consisted of the following:
Thousands of
Millions of yen U.S. dollars
20 0 0 1999 200 0
Cash and time deposits ¥161,050 ¥182,910 $1,575,943
Shares and bonds within three months 53,645 48,257 506,085
Time deposits over three months (944) (12,457) (8,905)
Cash and cash equivalents ¥113,751 ¥118,710 $1,073,123