Pioneer 2010 Annual Report Download - page 47

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(a) Fair values of financial instruments for the years ended March 31, 2010 were as follows:
Millions of Yen
March 31, 2010
Carrying
Amount Fair Value
Unrealized
Gain/Loss
Cash and cash equivalents ¥ 84,142 ¥ 84,142 –
Time deposits 6,103 6,103 –
Receivables:
Trade receivables 70,800 70,800 –
Allowance for doubtful receivables (Note 1) (1,744) (1,744) –
69,056 69,056 –
Investment securities:
Available-for-sale securities 14,672 14,672 –
Total ¥173,973 ¥173,973 –
Trade payables 57,694 57,694 –
Short-term borrowings 14,567 14,567 –
Current portion of long-term debt 63,332 60,260 ¥3,072
Income taxes payable 5,016 5,016 –
Long-term debt 86,911 86,911 –
Total ¥227,520 ¥224,448 ¥3,072
Derivative transactions (Note 2) ¥ 555 ¥ 555 –
Thousands of U.S. Dollars
March 31, 2010
Carrying
Amount Fair Value
Unrealized
Gain/Loss
Cash and cash equivalents $ 904,752 $ 904,752 –
Time deposits 65,624 65,624 –
Receivables:
Trade receivables 761,290 761,290 –
Allowance for doubtful receivables (Note 1) (18,752) (18,752) –
742,538 742,538 –
Investment securities:
Available-for-sale securities 157,763 157,763 –
Total $1,870,677 $1,870,677 –
Trade payables 620,366 620,366 –
Short-term borrowings 156,634 156,634 –
Current portion of long-term debt 680,989 647,957 $33,032
Income taxes payable 53,935 53,935 –
Long-term debt 934,527 934,527 –
Total $2,446,451 $2,413,419 $33,032
Derivative transactions (Note 2) $ 5,968 $ 5,968 –
Notes: 1. Allowance for doubtful receivables corresponding to trade receivables is to be deducted.
2. Derivative transactions shows the net amount after offsetting the receivables and payables.
Cash and cash equivalents, time deposits and
trade receivables
The carrying values of cash and cash equivalents, time depos-
its and trade receivables approximate fair value because of
their short maturities.
Investment securities
The fair values of investment securities are measured at the
quoted market price of the stock exchange for the equity
instruments. The information of the fair value for the invest-
ment securities by classification is included in Note 3.
Trade payables and short-term borrowings
The carrying values of trade payables and short-term borrow-
ings approximate fair value because of their short maturities.
Current portion of bonds
The fair value of current portion of bonds is measured at the
quoted market price of the exchange.
45
PIONEER CORPORATION Annual Report 2010