Casio 2007 Annual Report Download - page 36

Fair value of derivative transactions
The aggregate amounts contracted to be paid or received and the fair values of derivative transactions of the Group at March 31,
2007 and 2006 were as follows:
Currency-related derivatives:
Millions of Yen Thousands of U.S. Dollars
2007 2006 2007
Contract amount Contract amount Contract amount
Due after Fair Realized Due after Fair Realized Due after Fair Realized
Total one year value gain (loss) Total one year value gain (loss) Total one year value gain (loss)
Forward contracts:
To sell:
U.S. dollars... ¥21,243 ¥— ¥21,792 ¥ (549) ¥22,161 ¥— ¥22,697 ¥(536) $180,026 $— $184,678 $ (4,652)
Euros............ 16,995 — 18,092 (1,097) 10,488 — 10,830 (342) 144,025 — 153,322 (9,297)
Sterling pounds ... 714 — 724 (10) 1,565 — 1,590 (25) 6,051 — 6,136 (85)
Total ............ ¥38,952 ¥— ¥40,608 ¥(1,656) ¥34,214 ¥— ¥35,117 ¥(903) $330,102 $— $344,136 $(14,034)
To buy:
U.S. dollars... ¥— ¥— ¥— ¥— ¥115 ¥— ¥117 ¥2 $— $— $— $—
Total ............ ¥— ¥— ¥— ¥— ¥115 ¥— ¥117 ¥2 $— $— $— $—
Interest rate swap and option-related derivatives:
Millions of Yen Thousands of U.S. Dollars
2007 2006 2007
Contract amount Contract amount Contract amount
Due after Fair Realized Due after Fair Realized Due after Fair Realized
Total one year value gain (loss) Total one year value gain (loss) Total one year value gain (loss)
Interest rate swaps:
Receive fix/
Pay float ....... ¥20,000 ¥20,000 ¥(1,121) ¥31 ¥— ¥— ¥— ¥— $169,492 $169,492 $(9,500) $263
Total............... ¥20,000 ¥20,000 ¥(1,121) ¥31 ¥— ¥— ¥— ¥— $169,492 $169,492 $(9,500) $263
Notes:1. Fair values of derivative transactions are determined by prices principally reported by the financial institutions with which the Company
engages in derivative transactions.
2. Interest rate swaps that no longer meet hedging criteria are stated separately. Amounts corresponding to fair values are included in “other
long-term liabilities” in consolidated balance sheets. The net deferred amounts to be paid or received under the said interest rate swaps are
periodically charged to expenses or income over the remaining contract periods.
3. Derivative transactions under hedge accounting are treated as outside scope of disclosure.
7. Short-term Borrowings and Long-term Debt
Short-term borrowings represent unsecured bank loans and its average interest rates were 0.9% and 1.0% per annum at March
31, 2007 and 2006, respectively.
Long-term debt at March 31, 2007 and 2006 consisted of:
Thousands of
Millions of Yen U.S. Dollars
2007 2006 2007
2.575% unsecured bonds due in December 2007 ...................................... ¥10,000 ¥10,000 $84,746
1.42% unsecured bonds due in March 2009 .............................................. 10,000 10,000 84,746
0% unsecured bonds with stock acquisition rights due in September 2010 ...... —20,000 —
Unsecured loans principally from banks at interest rates of 0.36%
to 1.83% maturing through 2012 ............................................................ 80,197
Unsecured loans principally from banks at interest rates of 0.76%
to 1.83% maturing through 2012 ............................................................ 59,450 503,813
Total...................................................................................................... 79,450 120,197 673,305
Less amount due within one year ............................................................... 32,000 20,747 271,186
¥47,450 ¥99,450 $402,119
34 CASIO COMPUTER CO., LTD.