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73
NIKON REPORT 2016
17. Contingent Liabilities
At March 31, 2016, the Group had the following contingent liabilities:
Millions of Yen
Thousands of
U.S. Dollars
2016 2016
As the guarantor of bank loans and indebtedness, principally of employees,
unconsolidated subsidiaries and associated companies ¥379 $3,361
Total ¥379 $3,361
(b) Derivative transactions to which hedge accounting is applied at March 31, 2015 and 2016 were as follows:
Millions of Yen
March 31, 2015 Hedged Item Contract Amount
Contract
Amount Due after
One Year Fair Value
Foreign currency
forward contracts:
Selling USD R eceivables
(forecasted transaction) ¥ 8,885 ¥ (102)
Selling EUR R eceivables
(forecasted transaction) 16,141 618
Selling Others R eceivables
(forecasted transaction) 336 2
Buying USD P ayables
(forecasted transaction) 950 8
Total ¥ 526
C urrency option
contracts:
Selling GBP (Put)
Selling GBP (Call)
F orecasted transaction
denominated in foreign
currency
¥48,519 ¥(2,161)
Total ¥(2,161)
Millions of Yen Thousands of U.S. Dollars
March 31, 2016 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 R eceivables
(forecasted transaction) ¥ 2,994 ¥ 187 $ 26,568 $ 1,663
Selling EUR R eceivables
(forecasted transaction) 32,538 541 288,769 4,804
Selling Others R eceivables
(forecasted transaction) 514 (7) 4,560 (66)
Buying USD P ayables
(forecasted transaction) 18,109 (492) 160,711 (4,368)
Buying Others P ayables
(forecasted transaction) 679 (21) 6,028 (190)
Total ¥ 208 $ 1,843
Notes: Method used to calculate the fair value
(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.
Notes to Consolidated Financial Statements
FINANCIAL AND CORPORATE DATA