Fujitsu 2008 Annual Report Download - page 99

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(p) Earnings per share
Basic earnings per share is computed based on the weighted average number of shares of common stock out-
standing during the respective years.
Diluted earnings per share is computed based on the weighted average number of shares after consideration of
the dilutive effect of the shares of common stocks issuable upon the exercise of warrants and the conversion of
convertible bonds.
(q) Derivative financial instruments
The Group uses derivative financial instruments for the purpose of hedging against the risk of fluctuations in inter-
est rates and foreign exchange rates on receivables and payables denominated in foreign currencies.
All derivative financial instruments are stated at fair market value.
The Group defers gain or loss on changes in the fair market values of the derivative financial instruments on the
balance sheet until gain or loss on the hedged items are recognized.
2. U.S. Dollar Amounts
The Company and its consolidated subsidiaries in Japan maintain their books of account in yen. The U.S. dollar
amounts included in the accompanying consolidated financial statements and the notes thereto represent the arith-
metic results of translating yen into U.S. dollars at ¥100 = US$1, the approximate exchange rate at March 31, 2008.
The U.S. dollar amounts are presented solely for the convenience of readers and the translation is not intended
to imply that the assets and liabilities which originated in yen have been or could readily be converted, realized or
settled in U.S. dollars at the above or any other rate.
3. Marketable Securities
At March 31, 2007 and 2008, marketable securities included in “short-term investments” and “investments and long-
term loans—others” were as follows:
Yen
(millions)
U.S. Dollars
(thousands)
At March 31 2007 2008 2008
Held-to-maturity investments
Carrying value (Amortized cost) ¥ 599 ¥ 294 $ 2,940
Market value 607 295 2,950
Net unrealized gain ¥ 8 ¥ 1 $ 10
Available-for-sale securities
Acquisition costs ¥ 90,448 ¥ 71,895 $ 718,950
Carrying value (Market value) 298,673 222,767 2,227,670
Net unrealized gain ¥208,225 ¥150,872 $1,508,720
097
ANNUAL REPORT 2008FUJITSU LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS