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67
NIKON REPORT 2015
Financial and Corporate Data
Notes: Method used to calculate the fair values
(1) Forward exchange contracts:
Forward exchange rates are used to determine fair values of forward exchange contracts.
(2) Currency swap contracts:
The fair values of derivative transactions are measured at the quoted prices provided by nancial institutions.
The currency swap amounts are notional amounts, which are shown in the above table, and do not represent the amounts exchanged by the parties and do not measure the
Group’s exposure to credit or market risk.
(b) Derivative transactions to which hedge accounting is applied at March 31, 2014 and 2015 were as follows:
Millions of Yen
March 31, 2014 Hedged Item Contract Amount
Contract
Amount Due
after One Year Fair Value
F oreign currency
forward contracts:
Selling USD R eceivables
(forecasted transaction) ¥ 3,597 ¥ (1)
Selling EUR R eceivables
(forecasted transaction) 24,547 (315)
Buying USD P ayables
(forecasted transaction) (1,014) 15
Total ¥(301)
Millions of Yen Thousands of U.S. Dollars
March 31, 2015 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 R eceivables
(forecasted transaction) ¥ 8,885 ¥ (102) $ 73,937 $ (853)
Selling EUR R eceivables
(forecasted transaction) 16,141 618 134,319 5,142
Selling Others R eceivables
(forecasted transaction) 336 2 2,796 20
Buying USD P ayables
(forecasted transaction) (950) 8 (7,903) 70
Total ¥ 526 $ 4,379
C urrency option
contracts:
Selling GBP (Put) F orecasted transaction
denominated in foreign
currency
¥48,519 ¥(2,161) $403,755 $(17,982)
Buying GBP (Call)
Total ¥(2,161) $(17,982)
Notes: Method used to calculate the fair values
(1) Forward exchange contracts:
Forward exchange rates are used to determine fair values of forward exchange contracts.
(2) Currency option contracts:
The fair values of derivative transactions are measured at the quoted prices provided by nancial institutions.
The currency option contracts are zero-cost option contracts. With respect to the zero-cost option contracts, the call option and put option are shown in aggregate as they are
set in one contract.
16. Contingent Liabilities
At March 31, 2015, the Group had the following contingent liabilities:
Millions of Yen
Thousands of
U.S. Dollars
2015 2015
A s the guarantor of bank loans and indebtedness, principally of employees,
unconsolidated subsidiaries and associated companies ¥527 $4,382
Total ¥527 $4,382