Fujitsu 2007 Annual Report Download - page 82

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Control of Derivative Trading
The Group enters into derivative transactions based on regulations established by the Company, and
controls the risk of the transaction by assessing the efficiency of its hedging.
Hedge Accounting
The Group adopts hedge accounting for its derivative transactions after assessing the effectiveness
of its hedging.
Gains or losses on changes in the fair market values of the hedging instruments, which consist of
forward exchange, option and swap contracts and related complex contracts, are recognized in income
when the relating hedged items are reflected in income.
Fair Value of Derivative Financial Instruments:
At March 31, 2006 and 2007, all derivative financial instruments were stated at fair market value and
recorded on the balance sheets.
15. Leases
The following is a summary of acquisition cost, accumulated depreciation, book value of leased assets,
and minimum lease payments required under finance leases, which were recorded in the corresponding
asset accounts, at March 31, 2006 and 2007.
Yen U.S. Dollars
(millions) (thousands)
At March 31 2006 2007 2007
Acquisition cost ¥198,400 ¥251,189 $2,128,720
Accumulated depreciation 117,607 140,434 1,190,118
Book value 80,793 110,755 938,602
Minimum lease payments required
Within one year 29,623 39,112 331,458
Over one year but within five years 60,545 84,596 716,915
Over five years 16,355 9,824 83,254
Total ¥106,523 ¥133,532 $1,131,627
The following is a summary of future minimum lease payments required under non-cancelable oper-
ating leases in the aggregate and for each of the following periods.
Yen U.S. Dollars
(millions) (thousands)
At March 31 2006 2007 2007
Within one year ¥ 9,554 ¥10,407 $ 88,195
Over one year but within five years 23,730 23,525 199,364
Over five years 14,415 10,147 85,992
Total ¥47,699 ¥44,079 $373,551
80 Fujitsu Limited