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44 OLYMPUS 2010
Investment securities
The fair value of stocks is based on quoted market prices. The fair value of debt securities is based on either quoted market prices or prices
provided by the financial institutions making markets in these securities. For information on securities classified by holding purpose,
please refer to Note 5 “Securities”.
Notes and accounts payable and Short-term borrowings
Since these items are settled in a short period of time, their carrying value approximates fair value.
Bonds
The fair value of bonds is based on the present value of the total of principal and interest discounted by an interest rate determined taking
into account the remaining period of each bond and current credit risk.
Long-term borrowings
The fair value of long-term borrowings is based on the present value of the total of principal and interest discounted by the interest rate to
be applied if similar new borrowings were entered into.
Derivatives Transactions
Please refer to Note 25 “Derivatives”.
2) Financial instruments for which it is extremely difficult to determine the fair value
(As of March 31, 2010) Millions of yen
Thousands of
U.S. dollars
Carrying Value Carrying Value
1) Non-listed equity securities .............................................................................................................. ¥19,281 $214,233
2) Non-listed foreign bonds ................................................................................................................... 1,303 14,478
3) Others ............................................................................................................................................... 1,671 18,567
Total ..................................................................................................................................................... ¥22,255 $247,278
Because no quoted market price is available and it is extremely difficult to determine the fair value, the above financial instruments are
not included in the above table.
3) Redemption schedule for receivables and marketable securities with maturities at March 31, 2010
Millions of yen
Within a year
Over a year but
within five years
Over five years
but within ten
years Over ten years
Cash and time deposits ............................................................................... ¥ 206,647 ¥ — ¥ — ¥ —
Notes and accounts receivable .................................................................... 154,239 — — —
Investment securities ..................................................................................
Held-to-maturity debt securities ..............................................................
1) National and local government bonds ................................................. — — — —
2) Corporate bonds ................................................................................. — — — —
Other marketable securities with maturities ............................................
1) Corporate bonds ................................................................................. — 1,148 155 —
2) Other .................................................................................................. — 963 708 —
Total ............................................................................................................ ¥ 360,886 ¥ 2,111 ¥ 863 ¥ —
Thousands of U.S. dollars
Within a year
Over a year but
within five years
Over five years
but within ten
years Over ten years
Cash and time deposits ............................................................................... $ 2,296,078 $ — $ — $ —
Notes and accounts receivable .................................................................... 1,713,767 — — —
Investment securities ..................................................................................
Held-to-maturity debt securities ..............................................................
1) National and local government bonds ................................................. — — — —
2) Corporate bonds ................................................................................. — — — —
Other marketable securities with maturities ............................................
1) Corporate bonds ................................................................................. — 12,756 1,722 —
2) Other .................................................................................................. — 10,700 7,867 —
Total ............................................................................................................ $ 4,009,845 $ 23,456 $ 9,589 $ —
4) The redemption schedule for long-term debt is disclosed in Note 10.