Nikon 2013 Annual Report Download - page 54

Download and view the complete annual report

Please find page 54 of the 2013 Nikon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 68

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68

52
(4) Maturity analysis for financial assets and securities with contractual maturities as of March 31, 2012 and 2013 were as follows:
Millions of Yen
March 31, 2012
Due in One Year
or Less
Due after
One Year through
Five Years
Cash and cash equivalents ¥131,711 ¥
Notes and accounts receivable 137,533
Investment securities
Available-for-sale securities with contractual maturities 0
Total ¥269,244 ¥
Millions of Yen Thousands of U.S. Dollars
March 31, 2013
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 ¥110,095 ¥000,000 $1,170,597 $0,000,000
Notes and accounts receivable 134,225 1,427,169
Investment securities
Available-for-sale securities with contractual maturities
Total ¥244,320 ¥000,000 $2,597,766 $0,000,000
15. Derivatives
The Group enters into derivative contracts, including foreign
exchange forward contracts, currency option contracts,
foreign currency swap contracts and interest rate swap con-
tracts, to hedge foreign exchange risk and interest rate
exposures. The Group does not use derivatives for trading
purposes. Derivatives are subject to market risk and credit
risk. Market risk is the exposure created by potential fluctua-
tions in market conditions, including changes in interest or
foreign exchange rates. Credit risk is the possibility that a loss
may result from a counterparty’s failure to perform according
to the terms and conditions of the contract.
Because the counterparties to the Group’s derivative con-
tracts are limited to major international financial institutions,
the Group does not anticipate any losses arising from credit
risk.
Derivative transactions entered into by the Group have been
made in accordance with internal policies that regulate the
authorization and credit limit amount.