Casio 2011 Annual Report Download - page 36

34 CASIO COMPUTER CO., LTD.
(2) Interest rate-related derivatives
Millions of Yen Thousands of U.S. Dollars
2011 2011
Contract amount Contract amount
Hedge accounting method Type Main hedged item Total
Due after
one year
Fair
value Total
Due after
one year
Fair
value
Principle accounting
method
Interest rate swaps:
Receive fix/
Pay float
Long-term loans
payable, etc.
¥10,000 ¥ — ¥136 $120,482 $ — $1,639
Interest rate swaps
that are subject to
special treatment
Interest rate swaps:
Receive float/
Pay fix
Long-term loans
payable
18,000 18,000 Note 4 216,867 216,867 Note 4
Total .................................................................................................. ¥28,000 ¥18,000 ¥ — $337,349 $216,867 $ —
Millions of Yen
2010
Contract amount
Hedge accounting method Type Main hedged item Total
Due after
one year
Fair
value
Principle accounting
method
Interest rate swaps:
Receive fix/
Pay float
Long-term loans
payable, etc.
¥10,000 ¥10,000 ¥207
Interest rate swaps
that are subject to
special treatment
Interest rate swaps:
Receive float/
Pay fix
Long-term loans
payable
8,000 8,000 Note 4
Total .................................................................................................. ¥18,000 ¥18,000 ¥ —
Notes: 1. Fair values of derivative transactions are determined by prices principally reported by the financial institutions with which the Group engages
in derivative transactions.
2. Since currency swaps that are subject to appropriated treatment are accounted for together with short-term investment securities, which are
hedged items, their fair value is included in the fair value of the said short-term investment securities.
3. Since forward contracts that are subject to appropriated treatment are accounted for together with deposit, which are hedged items, their
fair value is included in the fair value of the said deposit.
4. Since interest rate swaps that are subject to special treatment are accounted for with long-term loans payable, which are hedged items, their
fair value is included in the fair value of the said long-term loans payable.
9. Short-term Loans Payable and Long-term Debt
Short-term loans payable represent unsecured bank loans and its average interest rates were 1.2% and 0.8% per annum at March
31, 2011 and 2010, respectively.
Bonds and long-term loans payable at March 31, 2011 and 2010 consisted of:
Millions of Yen
Thousands of
U.S. Dollars
2011 2010 2011
Euro-yen convertible bonds with stock warrants due in 2015* ........................... ¥ 50,000 ¥50,000 $ 602,410
1.32% unsecured bonds due in 2014 ................................................................ 10,000 10,000 120,482
1.07% unsecured bonds due in 2015 ................................................................ 15,000 —180,723
Unsecured loans principally from banks at interest rates of
0.47% to 1.83% maturing through 2015 ........................................................ 48,000 28,450 578,313
Total ............................................................................................................. 123,000 88,450 1,481,928
Less amount due within one year ....................................................................... 10,000 450 120,482
¥113,000 ¥88,000 $1,361,446
* Details of issuances of share subscription rights attached to bonds (“warrants”):
Type of shares involved: ordinary shares of common stock
Price of warrant: gratis
Share issue price: ¥1,952
Total issue amount: ¥50,000 million
Total value of new shares issued upon exercise of warrants: —
Warrant-linked: 100%
Period of exercise of warrants: July 3, 2008 to March 17, 2015
Upon request to exercise warrants in question, payments usually required for the issuance of the corresponding number of shares shall be exempted
as the issuer of bonds in question, in return, will be automatically exempted from obligation of redemption of the bonds in lump-sum.
Exercise of warrants in question shall be regarded as eligible request for exercise of share subscription rights.
Notes to Consolidated Financial Statements Years ended March 31, 2011 and 2010 Casio Computer Co., Ltd. and Subsidiaries