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Annual Report 2009 43
The Group had the following derivatives contracts outstanding at March 31, 2009 and 2008:
Millions of Yen
2009 2008
Contract
Amount Fair Value
Unrealized
Gain/Loss
Contract
Amount Fair Value
Unrealized
Gain/Loss
Foreign currency forward contracts:
Buying U.S. dollars ¥ 731 ¥ 766 ¥35 ¥ 8,927 ¥ 8,906 ¥ (21)
Buying Sterling pound 3,929 3,924 (5) 4,305 4,925 (10)
Selling U.S. dollars 1,343 1,328 15 2,712 2,647 65
Selling Euro –––2,495 2,451 44
Currency Option contracts:
Euro call –––10,970 (176) ¥(176)
Euro put –––5,485 180 180
Swap contracts:
Receiving Japanese yen, paying U.S. dollars –––2,923 (101) (101)
Receiving Australian dollars, paying U.S. dollars 2,857 8 8 2,323 22 22
Total ¥8,860 ¥6,026 ¥53 ¥40,140 ¥18,854 ¥ 3
Thousands of U.S. Dollars
2009
Contract
Amount Fair Value
Unrealized
Gain/Loss
Foreign currency forward contracts:
Buying U.S. dollars $ 7,459 $ 7,816 $357
Buying Sterling pound 40,092 40,041 (51)
Selling U.S. dollars 13,704 13,551 153
Selling Euro –––
Currency Option contracts:
Euro call –––
Euro put –––
Swap contracts:
Receiving Japanese yen, paying U.S. dollars –––
Receiving Australian dollars, paying U.S. dollars 29,153 82 82
Total $90,408 $61,490 $541
Notes: 1. Fair value of foreign currency forward contracts was calculated by quotations obtained from the forward exchange market.
2. Derivative transactions that qualify for hedge accounting are excluded from disclosure.
3. The above information does not include derivative transactions executed to hedge existing foreign currency receivables and payables.