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MITSUBISHI MOTORS CORPORATION
Annual Report 2013
50
(In millions of yen)
March 31, 2012
Notional
amount
Due more
than 1 year Fair value Unrealized
gain (loss)
Forward foreign
exchange contracts:
Sell:
US $ ¥ 15,686 ¥— ¥ 246 ¥ 246
Euro 8,407 — 67 67
£ stg 2,393 — 25 25
Canadian $ 6,402 — 89 89
Australian $ 16,120 — 125 125
Japanese ¥ 101,748 — 6,121 6,121
Other 6,626 — 100 100
Buy:
Japanese ¥ 511 — 5 5
Cross currency
swaps:
Sell:
Japanese ¥ 10,680 — 46 46
Total ¥ — ¥— ¥6,828 ¥6,828
The determination of fair values is based on quotations obtained
from financial institutions.
(b) Derivative transactions that are subject to hedge accounting
Forward foreign exchange contracts
(In millions of yen)
March 31, 2013
Hedged
item
Notional
amount
Due more
than 1 year
Fair value
Forward foreign
exchange contracts:
Sell: Foreign
currency
forecast
transaction
Japanese ¥
¥14,646 ¥— ¥3,669
Buy:
Japanese ¥ 25 — (0)
Total ¥ — ¥— ¥3,668
(In thousands of U.S. dollars)
March 31, 2013
Hedged
item
Notional
amount
Due more
than 1 year
Fair value
Forward foreign
exchange contracts:
Sell: Foreign
currency
forecast
transaction
Japanese ¥
$155,727 $— $39,012
Buy:
Japanese ¥ 266 — (2)
Total $ — $— $39,009
(In millions of yen)
March 31, 2012
Hedged
item
Notional
amount
Due more
than 1 year
Fair value
Forward foreign
exchange contracts:
Sell: Foreign
currency
forecast
transaction
Japanese ¥
¥105,510 ¥— ¥2,470
Buy:
Japanese ¥ 201 — (1)
Total ¥ — ¥— ¥2,469
The determination of fair values is based on quotations obtained
from financial institutions.
Interest rate swaps
(In millions of yen)
March 31, 2013
Hedged
item
Notional
amount
Due more
than 1 year
Fair value
Pay-fixed, receive-
floating (recorded
as fair value):
Long-term
debt ¥28,100 ¥27,783 ¥(89)
Pay-fixed, receive-
floating (special
hedge provisions):
Long-term
debt 680 390 (*)
Total ¥ — ¥ — ¥(89)
(In thousands of U.S. dollars)
March 31, 2013
Hedged
item
Notional
amount
Due more
than 1 year
Fair value
Pay-fixed, receive-
floating (recorded
as fair value):
Long-term
debt $298,780 $295,415 $(946)
Pay-fixed, receive-
floating (special
hedge provisions):
Long-term
debt 7,230 4,146 (*)
Total $ — $ — $(946)
(In millions of yen)
March 31, 2012
Hedged
item
Notional
amount
Due more
than 1 year
Fair value
Pay-fixed, receive-
floating (recorded
as fair value):
Long-term
debt ¥15,808 ¥15,808 ¥(60)
Pay-fixed, receive-
floating (special
hedge provisions):
Long-term
debt 750 500 (*)
Total ¥ — ¥ — ¥(60)
(*) As interest rate swaps under the special hedge provisions are accounted
together with the corresponding hedged item (long-term debt), their fair
values are reflected in the fair value of long-term loans payable.