Isuzu 2012 Annual Report Download - page 32

30
Financial Section
Since interest rate swaps under the exceptional accounting method are accounted for as an integral part of long-term debt, the hedged item, their fair
values are included in the fair value of the underlying long-term debt.
12. Financial Instruments
Financial instruments recognized in the consolidated financial statements for the fiscal year ended March 31, 2012 are as follows. Financial instruments,
whose fair values are not readily available, are not included in the following table.
Millions of yen Thousands of U.S. dollars
(1) Cash and time deposits
(2) Notes and accounts receivable
(3) Investments
(4) Notes and accounts payable
(5) Short-term loans
(6) Accrued expenses
(7) Bonds
(8) Long-term debt
(9) Derivatives
Carrying value
160,492
232,679
41,144
(313,398)
(14,091)
(38,102)
(20,000)
(160,298)
(328)
(
Fair value
160,492
232,679
41,144
(313,398)
(14,091)
(38,102)
(20,108)
(160,865)
(328)
Difference
—
—
—
—
—
—
(108)
(567)
—
Carrying value
1,952,701
2,830,994
500,597
(3,813,094)
(171,447)
(463,585)
(243,338)
(1,950,355)
(3,997)
Fair value
1,952,701
2,830,994
500,597
(3,813,094)
(171,447)
(463,585)
(244,652)
(1,957,233)
(3,997)
Difference
—
—
—
—
—
—
(1,324)
(6,898)
—
Because market prices of unlisted equity securities of ¥1,739 million
($21,168 thousands), government and corporate bonds of ¥5 million
($70 thousand), and equity securities of non-consolidated subsidiaries
and affiliates of ¥60,847 million ($740,321 thousands) are not
readily available, and their future cash flow cannot be estimated. It is
extremely difficult to assume their fair values. Therefore, they are not
included in “(3) Investments” mentioned above.
Thousands of
Millions of yen U.S. dollars
Within one year Within one year
Cash and time deposits ¥ 160,492 $ 1,952,701
Notes and accounts receivable ¥ 232,679 $ 2,830,994
Total ¥ 393,172 $ 4,783,696
(2) Interest rate-related
Millions of yen Thousands of U.S. dollars
Hedge accounting Type of derivative Main hedged items
method transactions
Interest rate swaps
Principal accounting Pay fixed receive Long-term debt
method floating
Interest rate swaps Interest rate swaps
under the exceptional Pay fixed receive Long-term debt
accounting method floating
Total
Contract
amount
3,500
39,668
43,168
Over one year
2,500
32,514
35,014
Fair value
(14)
—
(14)
Contract
amount
42,584
482,644
525,228
Over one year
30,417
395,598
426,015
Fair value
(174)
—
(174)
The figures in parenthesis indicate those posted in liabilities
2. Derivative transactions for which hedge accounting is applied
(1) Foreign exchange-related
Millions of yen Thousands of U.S. dollars
Hedge accounting Type of derivative Main hedged items
method transactions
Foreign exchange
forward contracts
Principal accounting Buy Accounts payable
method Japanese yen
Sell
U.S. dollar Accounts receivable
Australian dollar
Foreign exchange Foreign exchange
forward contracts under forward contracts
the designated hedge Sell Accounts receivable
accounting method U.S. dollar
Australian dollar
Total
Contract
amount
8,021
4,732
3,261
774
2,906
19,696
Over one year
—
—
—
—
—
—
Fair value
(74)
(177)
(5)
—
—
(257)
Contract
amount
97,593
57,583
39,686
9,417
35,365
239,647
Over one year
—
—
—
—
—
—
Fair value
(908)
(2,165)
(64)
—
—
(3,138)
Since foreign exchange forward contracts under the designated hedge accounting method are accounted for as an integral part of accounts receiv-
able, the hedged item, their fair values are included in the fair value of the underlying accounts receivables.
The redemption schedule for monetary receivables and marketable
securities with maturity dates after the end of the fiscal year is as
follows: