Pioneer 2013 Annual Report Download - page 47

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Millions of Yen
March 31, 2013
Due in 1 Year
or Less
Due After 1 Year
Through 5 Years
Due After 5 Years
Through 10 Years
Due After
10 Years
Cash and cash equivalents ¥20,967 – – –
Time deposit 1,092 – – –
Trade receivables 77,674 – – –
Total ¥99,733 – – –
Thousands of U.S. Dollars
March 31, 2013
Due in 1 Year
or Less
Due After 1 Year
Through 5 Years
Due After 5 Years
Through 10 Years
Due After
10 Years
Cash and cash equivalents $ 223,053 – – –
Time deposit 11,617 – – –
Trade receivables 826,319 – – –
Total $1,060,989 – – –
(5) Maturity analysis for financial assets and securities with contractual maturities subsequent to March 31, 2013
Please see Note 7 for annual maturities of long-term debt.
The Group enters into foreign currency forward con-
tracts to hedge foreign exchange risk associated with
certain assets and liabilities denominated in foreign
currencies. The Group also enters into currency swap
contracts to manage its interest rate exposure and
foreign currency exposure on certain liabilities.
All derivative transactions are entered into to
hedge interest and foreign currency exposure. Ac-
cordingly, market risk in these derivatives is basically
offset by opposite movements in the value of hedged
assets or liabilities.
Because the counterparties to these derivatives
are limited to major international financial institutions,
the Group does not anticipate any losses arising from
credit risk.
Derivative transactions entered into by the Group
have been made in accordance with internal poli-
cies which regulate the authorization and credit limit
amount.
16. Derivatives
Derivative transactions to which hedge accounting is not applied as of March 31, 2013 and 2012
Millions of Yen Thousands of U.S. Dollars
2013 2013
Contract
Amount
Contract
Amount
Due After
1 Year Fair Value
Unrealized
Loss
Contract
Amount
Contract
Amount
Due After
1 Year Fair Value
Unrealized
Loss
Foreign currency forward
contracts:
Buying U.S. dollars ¥2,797 – ¥(41) ¥(41) $29,755 – $(436) $(436)
Buying sterling pounds 4,212 – (14) (14) 44,809 – (149) (149)
Selling U.S. dollars 1,444 – (18) (18) 15,362 – (191) (191)
Selling Australian dollars 285 – (9) (9) 3,032 – (96) (96)
Currency swap contracts:
Receiving Australian dollars,
paying U.S. dollars
629 – (1) (1) 6,691 – (11) (11)
Total ¥9,367 – ¥(83) ¥(83) $99,649 – $(883) $(883)
Pioneer Corporation Annual Report 2013
45