Pioneer 2013 Annual Report Download - page 46

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Millions of Yen
2012
Carrying
Amount Fair Value
Unrealized
Gain/Loss
Cash and cash equivalents ¥ 45,953 ¥ 45,953 –
Receivables:
Trade receivables 77,273 77,273 –
Allowance for doubtful receivables (*1) (1,044) (1,044) –
76,229 76,229 –
Investment securities:
Available-for-sale securities 7,684 7,684 –
Total ¥129,866 ¥129,866 –
Short-term borrowings ¥ 9,052 ¥ 9,052 –
Current portion of long-term debt 71,373 71,373 –
Trade payables 73,276 73,276 –
Income taxes payable 5,503 5,503 –
Long-term debt 10,943 10,943 –
Total ¥170,147 ¥170,147 –
Derivative transactions (*2) ¥ (129) ¥ (129) –
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 measured at
the quoted market price of the stock exchange for the
equity instruments. The information of the fair value for
the investment securities by classification is included
in Note 3.
Trade payables, short-term borrowings and income
tax payable
The carrying values of trade payables, short-term bor-
rowings and income tax payable approximate fair value
because of their short maturities.
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 the
market interest rates reflected in the short-term period
using mainly variable interests and the credit status of
the Company have not changed significantly.
Derivatives
The information of the fair value for derivatives is in-
cluded in Note 16.
*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.
(b) Carrying amount of financial instruments whose fair value cannot be reliably determined at March 31, 2013 and
2012, were as follows:
Millions of Yen
Thousands of
U.S. Dollars
2013 2012 2013
Investment in equity instruments that do not have a quoted market price in
an active market:
Unlisted securities ¥ 270 ¥ 306 $ 2,872
Unlisted associated securities 1,791 1,628 19,053
Total ¥2,061 ¥1,934 $21,925
Pioneer Corporation Annual Report 2013
44