Pioneer 2011 Annual Report Download - page 46

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Pioneer Corporation Annual Report 2011
44
Millions of Yen
2010
Carrying Unrealized
Amount Fair Value 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 (*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 (* 2) ¥ 555 ¥ 555 —
*1. Allowance for doubtful receivables corresponding to trade receivables is to be deducted.
*2. Derivative transactions show the net amount after offsetting the receivables and payables.
Thousand of
Millions of Yen U.S. Dollars
2011 2010 2011
Investment in equity instruments that do not have
a quoted market price in an active market
Unlisted securities ¥ 446 ¥ 470 $ 5,374
Unlisted associated securities 1,562 1,878 18,819
Total ¥ 2,008 ¥ 2,348 $ 24,193
Cash and cash equivalents, time deposits and
trade receivables
The carrying values of cash and cash equivalents,
time deposits and trade receivables approximate
fair value because of their short maturities.
Investment securities
The fair values of investment securities are mea-
sured at the quoted market price of the stock
exchange for the equity instruments. The informa-
tion of the fair value for the investment securities by
classification is included in Note 3.
Trade payables and short-term borrowings
The carrying values of trade payables and short-
term borrowings approximate fair value because of
their short maturities.
Current portion of bonds
The fair value of current portion of bonds is mea-
sured at the quoted market price of the exchange.
Current portion of long-term debt and long-term
debt
The fair values of the current portion of long-term
debt and long-term debt approximate fair value
because market interest rates are reflected in short-
term period using variable interests and the credit
status of the Company has not been changed sig-
nificantly.
Income taxes payable
The carrying values of income taxes payable
approximate fair value because of their short
maturities.
Derivatives
The information of the fair value for derivatives is
included in Note 16.
(b) Financial instruments whose fair value cannot be reliably determined for the years ended March 31,
2011 and 2010 were as follows: