Omron 2009 Annual Report Download - page 86

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84
Notes to Consolidated Financial Statements
Omron Corporation and Subsidiaries
2009
Foreign currency translation adjustments:
Foreign currency translation
adjustments arising during the year
Reclassification adjustment for
the portion realized in net income
Net change in foreign currency
translation adjustments during the year
Minimum pension liability adjustments
Pension liability adjustments
Pension liability adjustments arising during the year
Reclassification adjustment for the portion realized in net income
Net change in pension liability adjustments during the year
Unrealized gains (losses) on available-for-sale securities:
Unrealized holding gains (losses) arising during the year
Reclassification adjustment for losses on impairment realized in net income
Reclassification adjustment for net gains on sales realized in net income
Reclassification adjustment for net gains on contribution of
securities to retirement benefit trust realized in net income
Net unrealized gains (losses)
Net gains (losses) on derivative instruments:
Net gains (losses) on derivative instruments designated as cash flow hedges during the year
Reclassification adjustment for net gains (losses) realized in net income
Net gains (losses)
Other comprehensive income (losses)
Thousands of U.S. dollars
$ (168,745)
—
(168,745)
—
(110,592)
(4,969)
(115,561)
(68,592)
30,480
(31)
—
(38,143)
8,031
(17,490)
(9,459)
$ (331,908)
$ 5,275
—
5,275
—
76,837
3,459
80,296
47,663
(21,173)
20
—
26,510
(5,571)
12,153
6,582
$ 118,663
$ (174,020)
—
(174,020)
—
(187,429)
(8,428)
(195,857)
(116,255)
51,653
(51)
—
(64,653)
13,602
(29,643)
(16,041)
$ (450,571)
Tax (expense)
benefit
Net-of-tax
amount
Before-tax
amount
19. Financial Instruments and Risk Management
Fair Value of Financial Instruments
The following table presents the carrying amounts and estimated fair values as of March 31, 2009 and 2008, of the
Companies’ financial instruments.
The following methods and assumptions were used to estimate the fair values of each class of financial instruments for
which it is practicable to estimate that value:
Nonderivatives:
Long-term debt, including current portion
Derivatives:
Included in other current assets (liabilities):
Forward exchange contracts
Foreign currency swaps
Interest rate swap
Millions of yen Thousands of U.S. dollars
2009
$ (223,357)
(7,949)
(276)
(245)
Carrying
amount
$ (223,439)
(7,949)
(276)
(245)
Fair value
2008
¥ (2,014)
1,221
12
—
Carrying
amount
¥ (2,014)
1,221
12
—
Fair value
2009
¥ (21,889)
(779)
(27)
(24)
Carrying
amount
¥ (21,897)
(779)
(27)
(24)
Fair value
Nonderivatives
(1) Cash and cash equivalents, notes and accounts receiv-
able, short-term debt and notes and accounts payable:
The carrying amounts approximate fair values.
(2) Investment securities (see Note 4):
The fair values are estimated based on quoted market
prices or dealer quotes for marketable securities or
similar instruments. Certain equity securities includ-
ed in investments have no readily determinable public
market value, and it is not practicable to estimate their
fair values.
(3) Long-term debt:
The fair values are estimated using present value of
discounted future cash flow analysis, based on the
Companies’ current incremental issuing rates for sim-
ilar types of arrangements.