Fujitsu 2011 Annual Report Download - page 124

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Yen
(millions)
At March 31, 2010
Contract
Amount
Contract
Amount
Over 1 Year Fair Value Gain/Loss
Foreign Exchange
Forward Contracts
To buy foreign currencies
U.S. Dollars ¥44,928 ¥14,687 ¥ (501) ¥ (501)
Euro 22,007 4,294 550 550
Other currencies 2,686 465 6 6
To sell foreign currencies
U.S. Dollars 28,579 5,118 (1,604) (1,604)
Euro 5,407 2,583 (17) (17)
Other currencies 4,911 — (67) (67)
Foreign Exchange
Options Contracts
To buy options
U.S. Dollars puts 1,737 —
<23> <—> 47 24
To sell options
U.S. Dollars calls 1,737 —
<(23)> <—> (8) 15
Foreign Exchange
Swap Contracts
Receive Pound Sterling 17,820 — (456) (456)
Pay Pound Sterling 27,753 — 392 392
Others 14,896 — 101 101
Total ¥(1,557) ¥(1,557)
1) The method for estimating the fair value is principally based on obtaining quotes provided by financial institutions.
2) Regarding some of the foreign exchange forward contracts, difference between the fair value of contract amount and the contract amount are presented as the fair value.
3) Collateral conditions are attached to some foreign exchange forward contracts, and there is the possibility of change in contract amount and duration due to the
fluctuation of the currency exchange rate.
4) In the column “Contract Amount,” option premiums are disclosed in brackets < >, and corresponding fair value and valuation gains and losses are disclosed on the same line.
2. Derivative transactions which qualify for hedge accounting
(i) Currency-related transactions
At March 31, 2011
Not applicable for the year.
At March 31, 2010
Yen
(millions)
Type of derivative transaction
Principal
Item Hedged
Contract
Amount
Contract
Amounts
over 1 Year Fair Value
Foreign exchange forward transactions
To buy foreign currencies
U.S. Dollars Receivables, trade ¥4,758 — ¥(77)
(ii) Interest-related transactions
At March 31, 2011
Yen
(millions)
U.S. Dollars
(thousands)
Type of derivative transaction
Principal
Item Hedged
Contract
Amount
Contract
Amounts
over 1 Year Fair Value
Contract
Amount
Contract
Amounts
over 1 Year Fair Value
Interest rate swap transaction
Pay fixed/Receive variable Borrowings ¥2,798 ¥1,937 ¥9 $33,711 $23,337 $108
At March 31, 2010
Yen
(millions)
Type of derivative transaction
Principal
Item Hedged
Contract
Amount
Contract
Amounts
over 1 Year Fair Value
Interest rate swap transaction
Pay fixed/Receive variable Borrowings ¥3,625 ¥2,772 ¥10
122 FUJITSU LIMITED ANNUAL REPORT 2011
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS