Casio 2010 Annual Report Download - page 35

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Annual Report 2010
Liabilities
(1) Notes and accounts payable–trade, (2) Short-term loans payable, (3) Accounts payable–other
Since these items are short-term, and the fair value approximates the book value, the book value is used as fair value.
(4) Bonds payable, (5) Bonds with subscription rights to shares
The fair value of these items is calculated based on quoted market price or, in case where there is no market price, by using the
discounted cash flow, based on the sum of the principal and total interest over the remaining period and credit risk.
(6) Long-term loans payable
The fair value of long-term loans payable is the sum of the principal and total interest discounted by the rate that is applied if a new
loan is made. The fair value of long-term loans payable with floating rates is measured by reference to the related interest rate swap
transactions (see Note 8 “Derivative Transactions”), and is the sum of the principal and total interest associated with the interest
rate swap, discounted by the rate that is reasonably estimated and applied if a new loan is made.
Derivative transactions
See Note 8 “Derivative transactions.”
Note 2: Financial instruments of which fair value is difficult to estimate
Millions of Yen
Thousands of
U.S. Dollars
2010 2010
Book value Book value
Unlisted shares ............................................................................................................................ ¥3,190 $34,301
The market price of the above shares are not available and the future cash flow cannot be estimated. Therefore, the fair value is
difficult to estimate. Hence, these are not included in “(3) Short-term investment securities and investment securities” above.
Note 3: Monetary claims, short-term investment securities and investment securities with repayment due dates after
March 31, 2010 are as follows:
Millions of Yen Thousands of U.S. dollars
Within
one year
Within
five years
Within
ten years
Over
ten years
Within
one year
Within
five years
Within
ten years
Over
ten years
Cash and deposits ................................................. ¥ 52,756 ¥ — ¥— ¥ — $ 567,269 $ — $— $ —
Notes and accounts receivable-trade ..................... 75,565 — — — 812,527 — — —
Short-term investment securities
and investment securities
1. Held-to-maturity debt-securities
(1) Government bonds ................................
— — — — — — — —
(2) Corporate bonds ................................... 3,020 — — — 32,473 — — —
(3) Others ................................................... 14,840 — — — 159,570 — — —
2. Available-for-sale securities with maturities
(1) Bonds
a. Government bonds ............................
— — — — — — — —
b. Corporate bonds ............................... 35,578 14,500 — — 382,559 155,914 — —
c. Others ............................................... — 15,210 — — — 163,548 — —
(2) Others ................................................... — — — 434 — — — $4,667
Total ..................................................................... ¥181,759 ¥29,710 ¥— ¥434 $1,954,398 $319,462 $— $4,667
7. Securities
(1) Securities with available fair values at March 31, 2010 and 2009.
(a) Held-to-maturity debt securities
Millions of Yen Thousands of U.S. Dollars
2010 2009 2010
Book value Fair value Difference Book value Fair value Difference Book value Fair value Difference
Securities with available fair values
exceeding book values ........................
¥17,860 ¥17,884 ¥24 ¥— ¥— ¥— $192,043 $192,301 $258
Securities other than the above ............. — — — — — — — — —
Total ................................................ ¥17,860 ¥17,884 ¥24 ¥— ¥— ¥— $192,043 $192,301 $258