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OLYMPUS 2006 47
The following table summarizes the underlying notional transaction amounts, book values and fair values for outstanding derivative finan-
cial instruments by risk category and instrument type as of March 31, 2006 and 2005:
(as of March 31, 2006) Millions of yen Thousands of U.S. dollars
Notional amount Book value Fair value Notional amount Book value Fair value
Foreign exchange forward contracts:
To buy U.S. dollars ................................... ¥ 98 ¥ —¥ 106 $ 852 $ —$ 922
To buy other currencies.............................. 646 —647 5,617 —5,626
To sell U.S. dollars.................................... 4,142 —4,108 36,017 —35,722
To sell British Pounds................................. 8,225 —8,147 71,522 —70,843
To sell other currencies .............................. 7,652 —7,498 66,539 —65,200
Foreign exchange option contracts
Put option ............................................... 3,978 86 120 34,591 748 1,043
Stock-price swap contracts ............................ 2,810 —(1,466) 24,435 —(12,748)
(as of March 31, 2005) Millions of yen
Notional amount Book value Fair value
Foreign exchange forward contracts:
To buy U.S. dollars ............................................................................................. ¥ 612 ¥ — ¥ 574
To buy other currencies........................................................................................ 231 — 232
To sell U.S. dollars.............................................................................................. 40 — 37
To sell British Pounds ........................................................................................... 1,871 — 1,862
To sell other currencies ........................................................................................ 2,280 — 2,266
Foreign exchange option contracts
Put option ......................................................................................................... 1,181 31 37
Stock-price swap contracts ...................................................................................... 6,490 — (3,124)
The forward contracts on the foreign currency receivable and payable translated into Japanese yen at the forward exchange rates in the
accompanying consolidated financial statements are not included in the above amounts.
The fair value of currency option agreements is estimated by obtaining quotes from financial institutions. The fair value of foreign
exchange forward contracts is estimated based on market prices for contracts with similar terms. The fair value of stock-price swap contracts
is estimated by obtaining quotes from financial institutions.
20. SEGMENT INFORMATION
(a) INFORMATION BY BUSINESS SEGMENT
Segment information for the years ended March 31, 2006, 2005 and 2004 are shown in the tables below:
Millions of yen
2006
Imaging Medical Life Information and Elimination
Systems Systems Science Communication and Consolidated
Business Business Business Business Others Total Corporate Total
Net sales:
Unaffiliated customers............. ¥254,541 ¥266,317 ¥107,915 ¥284,908 ¥64,446 ¥978,127 ¥ —¥978,127
Intersegment ......................... 215 14 5 —561 795 (795) —
Total ....................................... 254,756 266,331 107,920 284,908 65,007 978,922 (795) 978,127
Operating expenses................... 249,964 189,689 100,361 287,549 63,564 891,127 24,477 915,604
Operating income (loss) ............. 4,792 76,642 7,559 (2,641) 1,443 87,795 (25,272) 62,523
Assets ..................................... 129,895 193,280 79,571 131,348 85,930 620,024 356,108 976,132
Depreciation and amortization .... 10,199 5,606 4,273 1,844 3,140 25,062 1,960 27,022
Capital expenditures.................. ¥ 9,642 ¥ 14,824 ¥ 8,270 ¥ 2,720 ¥ 5,144 ¥ 40,600 ¥3,844 ¥ 44,444
olympus ar06 25-52 06.7.28 4:48 PM ページ 47