Nikon 2011 Annual Report Download - page 52

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50
(4) Maturity analysis for financial assets and securities with contractual maturities as of March 31, 2010 and 2011 were as follows:
Millions of Yen
March 31, 2010
Due in One Year
or Less
Due after
One Year through
Five Years
Cash and cash equivalents ¥104,670
Notes and accounts receivable 113,773
Investment securities
Available-for-sale securities with contractual maturities ¥ 0
Total ¥218,443 ¥ 0
Millions of Yen Thousands of U.S. Dollars
March 31, 2011
Due in One Year
or Less
Due after
One Year through
Five Years
Due in One Year
or Less
Due after
One Year through
Five Years
Cash and cash equivalents ¥181,061 $2,177,523
Notes and accounts receivable 123,077 1,480,184
Investment securities
Available-for-sale securities with contractual maturities ¥ 0 $ 4
Total ¥304,138 ¥ 0 $3,657,707 $ 4
Cash and cash equivalents:
The carrying values of cash and cash equivalents approximate
fair value because of their short maturities.
Notes and accounts receivable—trade:
The carrying values of notes and accounts receivable—trade
approximate fair value because of their short maturities.
Carrying amounts and fair values of notes and accounts
receivable-trade are the amounts after deduction of the
allowance for doubtful receivables.
Investment securities:
The fair values of investment securities are measured at the
quoted market price of the stock exchange. Investment secu-
rities whose fair value is not readily determinable (the carry-
ing values of ¥1,150 million as of March 31, 2010 and ¥1,100
million ($13,230 thousand) as of March 31, 2011) are excluded
because it is difficult to determine the fair values and impos-
sible to estimate the future cash flows.
Notes and accounts payable, short-term borrowings
and income taxes payable:
The carrying values of those accounts approximate fair value
because of their short maturities.
Accrued expenses:
The carrying values of accrued expenses approximate fair
value because of their short maturities.
There is a difference between consolidated balance sheets
because the provision for product warranties is excluded in
the above table.
Long-term loans:
The fair values of long-term loans are determined by dis-
counting the future cash flows related to the loans at the rate
assumed based on interest rates on government securities
and credit risk. The fair values of long-term loans with vari-
able interest rates, which is subject to the special treatment
of interest-rate swaps, are determined by discounting the
principal amounts with interest of such interest-rate swaps
related to the loans at the rate assumed based on interest
rates on government securities and credit risk.
Long-term loans are included in the current portion of
long-term debt.
Bonds:
The fair values of bonds are determined by the market price,
if it is available, or by discounting the future cash flows related
to the debt at the rate assumed based on interest rates on
government securities and credit risk.
Bonds are included in current portion of long-term debt
and long-term debt in consolidated balance sheets.