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2. Fair Value of Financial Instruments
Amounts recorded on the consolidated balance sheet as of March 31, 2010 and 2011, fair values, and the variances between the two
are as shown below. Financial instruments for which it is extremely difficult to determine the fair value are not included in the table
below (Note 2 stated below).
Yen
(millions)
U.S. Dollars
(thousands)
At March 31, 2011
Carrying value in
consolidated
balance sheet Fair value Variance
Carrying value in
consolidated
balance sheet Fair value Variance
Current assets
(1) Cash and cash equivalents ¥ 358,593 ¥ 358,593 ¥ — $ 4,320,398 $ 4,320,398 $ —
(2) Short-term investments 6,101 6,101 — 73,506 73,506 —
(3) Receivables, trade 877,069 10,567,096
Allowance for doubtful accounts*1(14,781) (178,084)
862,288 862,288 — 10,389,012 10,389,012 —
Investments and long-term loans
(4) Affiliates 18,733 43,165 24,432 225,699 520,060 294,361
(5) Others 86,224 86,224 — 1,038,843 1,038,843 —
Total assets 1,331,939 1,356,371 24,432 16,047,458 16,341,819 294,361
Current liabilities
(1) Short-term borrowings and current
portion of long-term debt 225,554 225,554 — 2,717,518 2,717,518 —
(2) Lease obligation 24,470 24,470 — 294,819 294,819 —
(3) Payables, trade 604,264 604,264 — 7,280,289 7,280,289 —
(4) Accrued expenses 323,144 323,144 — 3,893,301 3,893,301 —
Long-term liabilities
(5) Long-term debt 245,269 252,083 6,814 2,955,048 3,037,145 82,097
(6) Lease obligation 26,775 26,983 208 322,590 325,097 2,507
Total liabilities 1,449,476 1,456,498 7,022 17,463,565 17,548,169 84,604
Derivative transactions*2
(i) Transactions which do not qualify for
hedge accounting [3,646] [3,646] — [43,928] [43,928] —
(ii) Transactions which qualify for
hedge accounting 9 9 — 108 108 —
Total derivative transactions [3,637] [3,637] — [43,819] [43,819] —
119FUJITSU LIMITED ANNUAL REPORT 2011
FACTS & FIGURES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS