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Derivative transactions to which hedge accounting was applied at March 31, 2013 and 2014 were as follows:
Millions of Yen
March 31, 2013 Hedged Item Contract Amount
Contract
Amount Due
after One Year Fair Value
F oreign currency
forward contracts:
Selling USD Receivables
(forecasted transaction) ¥ 842 ¥ (4)
Selling EUR Receivables
(forecasted transaction) 24,248 (400)
Total ¥(404)
Millions of Yen Thousands of U.S. Dollars
March 31, 2014 Hedged Item Contract Amount
Contract
Amount Due
after One Year Fair Value Contract Amount
Contract
Amount Due
after One Year Fair Value
F oreign currency
forward contracts:
Selling USD Receivables
(forecasted transaction) ¥ 3,597 ¥ (1) $ 34,945 $ (14)
Selling EUR Receivables
(forecasted transaction) 24,547 (315) 238,509 (3,057)
Buying USD Payables
(forecasted transaction) (1,014) 15 (9,850) 147
Total ¥(301) $(2,924)
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, 2013 Hedged Item Contract Amount
Contract Amount due
after One Year
In terest rate swaps:
(fixed-rate payment, floating rate receipt) Long-term debt ¥4,400 ¥4,400
Millions of Yen Thousands of U.S. Dollars
March 31, 2014 Hedged Item Contract Amount
Contract Amount due
after One Year Contract Amount
Contract Amount due
after One Year
In terest rate swaps:
(fixed-rate payment, floating rate receipt) Long-term debt ¥8,700 ¥8,700 $84,532 $84,532
The above interest rate swap 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, 2014, the Group had the following contingent liabilities:
Millions of Yen
Thousands of
U.S. Dollars
2014 2014
A s the guarantor of bank loans and indebtedness, principally of employees,
unconsolidated subsidiaries and associated companies ¥721 $7,001
Total ¥721 $7,001
FINANCIAL INFORMATION
Notes to Consolidated Financial Statements
74 NIKON REPORT 2014