Olympus 2012 Annual Report Download - page 94

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Derivatives for which the hedge accounting is applied
(As of March 31, 2012) Millions of yen Thousands of U.S. dollars
Notional
amount Fair value
Notional
amount Fair value
Foreign exchange forward contracts, accounted for by deferral hedge accounting
To buy U.S. dollars............................................................................................................................... ¥ 1,302 ¥ (1) $ 16,275 $ (13)
To buy other currencies ....................................................................................................................... 328 (5) 4,100 (63)
To sell U.S. dollars ............................................................................................................................... 12,732 (485) 159,150 (6,063)
To sell other currencies........................................................................................................................ 14,438 (640) 180,475 (8,000)
Foreign exchange forward contracts, accounted for by special hedge accounting
To buy U.S. dollars............................................................................................................................... 20,011 * 250,138 *
To buy other currencies ....................................................................................................................... 2 * 25 *
To sell U.S. dollars ............................................................................................................................... 7,496 * 93,700 *
To sell other currencies........................................................................................................................ 579 * 7,238 *
Interest rate swap contracts, accounted for by deferral hedge accounting
Receive floating/ pay fixed ................................................................................................................... 14,940 (310) 186,750 (3,875)
Interest rate swap contracts, accounted for by special hedge accounting short-cut method
Receive floating/ pay fixed ................................................................................................................... 374,879 ** 4,685,988 **
(As of March 31, 2011) Millions of yen
Notional
amount Fair value
Foreign exchange forward contracts, accounted for by deferral hedge accounting
To buy U.S. dollars....................................................................................................................................................................................... ¥ 3,237 ¥ 57
To buy other currencies ............................................................................................................................................................................... 2 0
To sell U.S. dollars ....................................................................................................................................................................................... 23,760 (134)
To sell other currencies................................................................................................................................................................................ 14,775 (617)
Foreign exchange forward contracts, accounted for by special hedge accounting
To buy U.S. dollars....................................................................................................................................................................................... 18,278 *
To buy other currencies ............................................................................................................................................................................... 1 *
To sell U.S. dollars ....................................................................................................................................................................................... 6,399 *
To sell British pounds .................................................................................................................................................................................. 397 *
To sell other currencies................................................................................................................................................................................ 1,097 *
Interest rate swap contracts, accounted for by deferral hedge accounting
Receive floating/ pay fixed ........................................................................................................................................................................... 17,470 (436)
Interest rate swap contracts, accounted for by special hedge accounting short-cut method
Receive floating/ pay fixed ........................................................................................................................................................................... 374,823 **
The fair value of currency option contracts, currency swap contracts and interest rate swap contracts are 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.
*Foreign exchange forward contracts are accounted for as part of accounts receivable and accounts payable. Therefore, the fair value of the contracts are included in the fair value of underlying accounts receivable and accounts payable.
**Interest rate swap contracts are accounted for as part of long-term debt. Therefore, the fair value of the contracts are included in the fair value of underlying long-term debt.
30. SEGMENT INFORMATION
(1) Overview of reportable segments
The reportable segments of the Olympus Group are components of the Company whose separate financial information is available. These segments are periodically evaluated by the
Board of Directors in deciding how to allocate management resources and in assessing the performance.
The Olympus Group has established business divisions at the Company, Olympus Medical Systems Corporation, Olympus Imaging Corporation, and ITX Corporation. Each
business division formulates comprehensive strategies for Japan and abroad with respect to products and services handled and deploys business activities.
Accordingly, being composed of segments, based on these business divisions, that are categorized according to products and services, the Olympus Group has the following five
reportable segments:
Medical Business, Life Science and Industrial Business, Imaging Business, Information and Communication Business, and Others.
The “Medical Business” manufactures and sells medical endoscopes, surgical endoscopes, endo-therapy devices and other products. The “Life Science and Industrial Business”
manufactures and sells biological microscopes, industrial microscopes, industrial endoscopes, non-destructive testing equipment, printers, and other products. The “Imaging Business”
manufactures and sells digital cameras, voice recorders and other products. The “Information and Communication Business” sells mobile terminals including mobile handsets. The
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
OLYMPUS 󱚈 Annual Report 2012
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