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Interest rate swaps
In millions of yen In thousands of U.S. dollars
March 31, 2010 Hedged item
Notional
amount
Due more
than 1 year Fair value
Notional
amount
Due more than
1 year Fair value
Pay—fixed, receive—floating:
Japanese ¥ Long-term
loans payable
¥7,637 ¥3,000 – $82,082 $32,244 –
Total
– – – – – –
As interest rate swaps under the special hedge provisions are accounted together with hedged item (long-term loans payable),
their fair values are reflected in the fair value of long-term loans payable.
Forward foreign exchange contracts and cross currency swaps
In millions of yen
March 31, 2009
Notional
amount
Due more
than 1 year Fair value
Unrealized
gain (loss)
Forward foreign exchange contracts:
Sell:
US $
¥ 4,841 ¥ – ¥ 4,933 ¥ (92)
Euro
9,449 – 8,725 723
Japanese ¥
55,658 – 59,025 (3,367)
Buy:
Thai B
1,158 – 1,224 66
Japanese ¥
844 – 847 2
Cross currency swaps:
Sell:
£ stg
391 – 0 0
Japanese ¥
17,912 ¥17,912 821 821
Others
462 – (0) (0)
Total
– – – ¥(1,846)
Interest rate swaps
In millions of yen
March 31, 2009
Notional
amount
Due more
than 1 year Fair value
Unrealized
gain (loss)
Interest rate swaps:
Pay—fixed, receive—floating
¥31,187 ¥31,187 ¥(571) ¥(571)
Total
¥(571)
In millions of yen
March 31, 2009
Within 1
year
From 1
year to 3
Over 3
years
Pay—fixed, receive—floating
Notional amount
¥– ¥9,823 ¥ 21,364
Average pay—fixed rate (%)
– 7.5 6.5
Average receive—floating rate (%)
– 5.8 4.8
The method to determine fair values is based on quotations obtained from financial institutions.
Derivative financial instruments, principally forward exchange contracts and interest swaps, which qualify as hedges and are accounted
for using the deferred hedge accounting method, are excluded from the above table according to the disclosure requirements.
53
MITSUBISHI MOTORS CORPORATION Annual Report 2010MITSUBISHI MOTORS CORPORATION Annual Report 2010