Casio 2012 Annual Report Download - page 31

(4) Short-term investment securities impaired
Certain short-term investment securities are impaired. An impairment loss of ¥231 million, comprising
¥229 million on other securities except for trading securities (“available-for-sale securities”) for which fair
value was readily determinable, ¥0 million on securities of which the fair value was extremely difficult to
estimate and ¥2 million on other securities was recorded for the year ended March 31, 2011. No impair-
ment of short-term investment securities was recorded for the year ended March 31, 2012.
With respect to impairment loss, investment securities with a fair value that has declined by 50% or
more against their acquisition cost are booked as impairment loss. Among investment securities that
have declined by 30% or more, but less than 50% against their acquisition cost, those that have been
comprehensively assessed and deemed as unlikely to recover their value are also booked as impairment
loss.
8. Derivative Transactions
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, 2012 and 2011:
Derivative transactions not subject to hedge accounting
(1) Currency-related derivatives:
Millions of Yen
2012
Contract amount
Total
Due after
one year Fair value
Realized
gain (loss)
Forward contracts:
To sell:
Sterling pounds ......................................... ¥ 597 ¥— ¥ 621 ¥ (24)
Chinese yuan ............................................ 3,487 — 3,630 (143)
Total ......................................................... — — — ¥(167)
Thousands of U.S. Dollars
2012
Contract amount
Total
Due after
one year Fair value
Realized
gain (loss)
Forward contracts:
To sell:
Sterling pounds ......................................... $ 7,280 $— $ 7,573 $ (293)
Chinese yuan ............................................ 42,524 — 44,268 (1,744)
Total ......................................................... — — — $(2,037)
Millions of Yen
2011
Contract amount
Total
Due after
one year Fair value
Realized
gain (loss)
Forward contracts:
To sell:
U.S. dollars ............................................... ¥ 40 ¥— ¥ 40 ¥ (0)
Euros ........................................................ 5,426 — 5,570 (144)
Sterling pounds ......................................... 345 — 342 3
To buy:
U.S. dollars ............................................... 244 — 249 5
Total ......................................................... — — — ¥(136)
Note: Fair values of derivative transactions are determined by forward exchange rates.
(2) Interest rate-related derivatives:
Millions of Yen
2012
Contract amount
Total
Due after
one year Fair value
Realized
gain (loss)
Interest rate swaps:
Receive fix/Pay float ........................................ ¥10,000 ¥10,000 ¥(43) ¥112
Total............................................................... ¥10,000 ¥10,000 ¥(43) ¥112
Thousands of U.S. Dollars
2012
Contract amount
Total
Due after
one year Fair value
Realized
gain (loss)
Interest rate swaps:
Receive fix/Pay float ........................................ $121,951 $121,951 $(524) $1,366
Total............................................................... $121,951 $121,951 $(524) $1,366
Millions of Yen
2011
Contract amount
Total
Due after
one year Fair value
Realized
gain (loss)
Interest rate swaps:
Receive fix/Pay float ........................................ ¥10,000 ¥10,000 ¥(155) ¥(6)
Total............................................................... ¥10,000 ¥10,000 ¥(155) ¥(6)
Note: Fair values of derivative transactions are determined by prices principally reported by the financial institutions with
which the Group engages in derivative transactions.
Profile / Contents To Our
Stakeholders
History Core CompetenceAt a Glance Special Feature CSR Activities
Corporate
Governance Financial Section Corporate Data
Search FReturn Page 30 Next E
CASIO Annual Report 2012
30