Casio 2014 Annual Report Download - page 28

Millions of Yen
For 2013 Book value Fair value Difference
Assets
[1] Cash and deposits ¥ 56,029 ¥ 56,029 ¥ —
[2] Notes and accounts receivable—trade 50,490 50,490 —
[3] Securities and investment securities
a. Held-to-maturity debt securities 3,298 3,308 10
b. Available-for-sale securities 81,348 81,348 —
Total assets ¥191,165 ¥191,175 ¥ 10
Liabilities
[1] Notes and accounts payable—trade ¥ 35,709 ¥ 35,709 ¥ —
[2] Short-term loans payable 4,400 4,400 —
[3] Accounts payable—other 18,777 18,777 —
[4] Bonds payable 31,278 31,680 402
[5] Long-term loans payable 77,900 78,384 484
Total liabilities ¥168,064 ¥168,950 ¥886
Derivative transactions * ¥ (222) ¥ (222) ¥ —
* Net receivables and payables, which are derived from derivative transactions, are presented in net amounts, and any item for which the total
becomes a net liability is indicated in parentheses.
(Note) 1: Method for calculating the fair value of financial instruments and matters related to
securities and investment securities and derivative transactions
Assets
[1] Cash and deposits, [2] Notes and accounts receivable—trade
Since these items are short-term and the fair value approximates the book value, the book value is used as
fair value.
[3] Securities and investment securities
The fair value of equity securities is the market price, while the fair value of debt securities is the market price
or the price quoted by the correspondent financial institution. Since certificates of deposit and commercial
paper are short-term, and the fair value approximates the book value, the book value is used as fair value.
See Note 6 “Securities and Investment Securities” for information on securities categorized by holding purposes.
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
The fair value of bonds payable is calculated by using the discounted cash flow, based on the sum of the
principal and total interest over the remaining period and credit risk.
[5] Long-term loans payable
The fair value of long-term loans payable with fixed interest rates is the sum of the principal and total inter-
est discounted by the rate that is applied if a new loan is made.
Since long-term loans payable with floating interest rates reflect market interest rates over the short
term, and the fair value approximates the book value, the book value is used as fair value. However, those
that are subject to special treatment interest rate swaps are measured by taking the sum of the principal
and total interest associated with the interest rate swaps and discounting it by the rate that is reasonably
estimated and applied if a new loan is made (see Note 7 “Derivative Transactions”).
Derivative transactions
See Note 7 “Derivative Transactions."
(Note) 2: Financial instruments of which fair value is difficult to estimate
Millions of Yen
Thousands of
U.S. Dollars
2014 2013 2014
Book value Book value Book value
Unlisted shares ¥2,701 ¥2,894 $26,223
The market price of the above shares is 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] Securities and invest-
ment securities” on P26–27.
In the fiscal year ended March 31, 2014, the Group booked impairment loss of ¥386 million ($3,748
thousand) for unlisted shares.
Profile / Contents CASIO’s StrengthHistory To Our Stakeholders At a Glance Special Feature CSRCorporate Governance
PAGE 27
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