Nikon 2015 Annual Report Download - page 67

65
NIKON REPORT 2015
Financial and Corporate Data
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 approx-
imate fair value because of their short maturities.
Carrying amounts and fair values of notes and accounts receiv-
ables—trade are the amounts after deduction of the allowance for
doubtful receivables.
Investment securities and investments in and advances to
unconsolidated subsidiaries and associated companies
The fair values of investment securities and investments in and
advances to unconsolidated subsidiaries and associated companies
are measured at the quoted market price of the stock exchange.
Investment securities and investments in and advances to uncon-
solidated subsidiaries and associated companies whose fair value is
not readily determinable—the carrying values were ¥1,453 million
and ¥14,517 million as of March 31, 2014, and ¥1,672 million
and ¥10,972 million ($13,911 thousand and $91,307 thousand) as
of March 31, 2015—are excluded because it is difcult to estimate
the fair values and impossible to estimate the future cash ows.
Note and accounts payable, short-term borrowings and income tax
payable:
The carrying values approximate fair value because of their short
maturities.
Accrued expenses
The carrying values of accrued expenses approximate fair value
because of their short maturities.
Long-term loans
The fair values of long-term loans are determined by discounting
the future cash ows related to the loans at the rate assumed based
on the yield of government bonds and credit spread. Long-term
loans include the current portion, which is included in short-term
loans payable in the consolidated balance sheet.
Bonds
The fair values of bonds are determined based on the market price,
if it is available, or by discounting the future cash ows related to
the debt at the rate assumed based on interest rates on government
securities and credit risk.
Bonds are included in long-term debt in the consolidated balance
sheet.
Millions of Yen Thousands of U.S. Dollars
March 31, 2015 Carrying Amount Fair Value
Unrealized
Gain / Loss Carrying Amount Fair Value
Unrealized
Gain / Loss
Cash and cash equivalents ¥259,625 ¥259,625 $2,160,482 $2,160,482
Notes and accounts receivable—trade 127,433 127,433 1,060,442 1,060,442
Investment securities 68,445 68,445 569,568 569,568
Total ¥455,503 ¥455,503 ¥ $3,790,492 $3,790,492 $
Notes and accounts payable—trade ¥113,724 ¥113,724 $ 946,362 $ 946,362
Short-term borrowings 13,600 13,600 113,173 113,173
Accrued expenses 58,455 58,455 486,433 486,433
Income taxes payable 5,038 5,038 41,924 41,924
Bonds 50,000 51,540 ¥(1,540) 416,075 428,892 $(12,815)
Long-term loans 49,600 50,177 (577) 412,749 417,549 (4,800)
Derivatives (4,161) (4,161) (34,628) (34,628)
Total ¥286,256 ¥288,373 ¥(2,117) $2,382,088 $2,399,705 $(17,615)
(d) Maturity analysis for nancial assets and securities with contractual maturities as of March 31, 2014 and 2015 were as follows:
Millions of Yen
March 31, 2014 Due in One Year or Less
Due after One Year
through Five Years
Cash and cash equivalents ¥221,368 ¥
Notes and accounts receivable 128,443
Total ¥349,811 ¥
Millions of Yen Thousands of U.S. Dollars
March 31, 2015 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 ¥259,625 ¥ $2,160,482 $
Notes and accounts receivable 131,555 1,094,736
Total ¥391,180 ¥ $3,255,218 $