Pioneer 2014 Annual Report Download - page 49

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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
borrowings and income tax payable approximate
fair value because of their short maturities.
Current portion of long-term debt
The fair values of the current portion of 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
included in Note 15.
(b) Carrying amounts of financial instruments whose fair value cannot be reliably determined as of March 31, 2014
and 2013, were as follows:
Millions of Yen
Thousands of
U.S. Dollars
2014 2013 2014
Investment in equity instruments that do not have a quoted market price in
an active market:
Unlisted securities ¥ 275 ¥ 270 $ 2,670
Unlisted associated securities 2,034 1,791 19,748
Total ¥2,309 ¥2,061 $22,418
Millions of Yen
March 31, 2014
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 ¥ 33,904 – – –
Time deposits 1,493 – – –
Trade receivables 85,560 – – –
Total ¥120,957 – – –
Thousands of U.S. Dollars
March 31, 2014
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 $ 329,165 – – –
Time deposits 14,495 – – –
Trade receivables 830,680 – – –
Total $1,174,340 – – –
(5) Maturity analysis for financial assets and securities with contractual maturities subsequent to March 31, 2014,
were as follows:
Please see Note 6 for annual maturities of long-term debt.
47
Pioneer Corporation
Annual Report 2014