Nikon 2013 Annual Report Download - page 56

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54
Derivative transactions to which hedge accounting is applied at March 31, 2012 and 2013 were as follows:
Millions of Yen
March 31, 2012 Hedged Item
Contract
Amount
Contract
Amount Due
after
One Year
Fair
Value
Foreign currency
forward contracts:
Selling USD Receivables
(forecasted transaction) ¥21,380 ¥ (559)
Selling EUR Receivables
(forecasted transaction) 40,553 (2,064)
Total ¥ (2,623)
Millions of Yen Thousands of U.S. Dollars
March 31, 2013 Hedged Item
Contract
Amount
Contract
Amount Due
after
One Year
Fair
Value
Contract
Amount
Contract
Amount Due
after
One Year
Fair
Value
Foreign currency
forward contracts:
Selling USD Receivables
(forecasted transaction) ¥ 842 ¥ (4) $ 8,955 $ (39)
Selling EUR Receivables
(forecasted transaction) 24,248 (400) 257,818 (4,252)
Total ¥(404) $(4,291)
Note: Method used to calculate the fair value
1. Forward Exchange Contracts: Forward exchange rates are used for the fair values of forward exchange contracts.
Millions of Yen
March 31, 2012 Hedged Item
Contract
Amount
Contract Amount
Due after One Year
Interest rate swaps:
(fixed-rate payment, floating rate receipt) Long-term debt ¥4,900 ¥3,400
Millions of Yen Thousands of U.S. Dollars
March 31, 2013 Hedged Item
Contract
Amount
Contract Amount
Due after One Year
Contract
Amount
Contract Amount
Due after One Year
Interest rate swaps:
(fixed-rate payment, floating rate receipt) Long-term debt ¥4,400 ¥4,400 $46,784 $46,784
The above interest rate swaps amounts are notional amounts, which are shown in the above table, and do not represent the
amounts exchanged by the parties or measure the Group’s exposure to credit or market risk. In addition, the fair value of such
interest rate swaps in Note 14 is included in that of hedged items (i.e., long-term debt).
16. Contingent Liabilities
At March 31, 2013, the Group had the following contingent liabilities:
Millions of Yen
Thousands of
U.S. Dollars
2013 2013
As the guarantor of bank loans and indebtedness, principally of employees,
unconsolidated subsidiaries and associated companies ¥936 $9,954
Total ¥936 $9,954