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2. Derivative transactions which qualify for hedge accounting
(i) Currency-related transactions
At March 31, 2013
Not applicable for the year
At March 31, 2012
Yen
(millions)
Type of hedge
accounting Type of transaction
Principal item
hedged
Contract
amount
Contract
amounts
over 1 year Fair value
Fair value hedge Foreign exchange forward
transactions
To buy foreign currencies
Singapore Dollars, etc. Borrowings ¥1,141 ¥— ¥ (8)
Deferral hedge Foreign exchange forward
transactions
To sell foreign currencies
U.S. Dollars Receivables,
trade ¥1,651 ¥— ¥10
1) The fair value is based mainly on quotes obtained from the financial institutions.
2) Foreign exchange forward transactions accounted for by the fair value hedge accounting attribute to a transaction by a subsidiary outside Japan which adopts
International Financial Reporting Standard (IFRS).
(ii) Interest-related transactions
At March 31, 2013
Yen
(millions)
U.S. Dollars
(thousands)
Type of hedge
accounting Type of transaction
Principal item
hedged
Contract
amount
Contract
amounts
over 1 year Fair value
Contract
amount
Contract
amounts
over 1 year Fair value
Deferral hedge Interest rate swap
transaction
Pay fixed/
Receive variable Borrowings ¥1,224 ¥245 ¥(14) $13,021 $2,606 $(149)
At March 31, 2012
Yen
(millions)
Type of hedge
accounting Type of transaction
Principal item
hedged
Contract
amount
Contract
amounts
over 1 year Fair value
Deferral hedge Interest rate
swap transaction
Pay fixed/
Receive variable Borrowings ¥1,923 ¥1,068 ¥(23)
The fair value is based on quotes obtained from the financial institutions.
(iii) Stock-related transactions
At March 31, 2013
Yen
(millions)
U.S. Dollars
(thousands)
Type of hedge
accounting Type of transaction
Principal item
hedged
Contract
amount
Contract
amounts
over 1 year Fair value
Contract
amount
Contract
amounts
over 1 year Fair value
Deferral hedge Option transaction
to sell a stock
Investment
Securities ¥555 ¥555 ¥688 $5,904 $5,904 $7,319
At March 31, 2012
Yen
(millions)
Type of hedge
accounting Type of transaction
Principal item
hedged
Contract
amount
Contract
amounts
over 1 year Fair value
Deferral hedge Option transaction
to sell a stock
Investment
Securities
¥555 ¥555 ¥647
The fair value is based on an option pricing model.
131
FUJITSU LIMITED ANNUAL REPORT 2013
FACTS & FIGURES