Pioneer 2016 Annual Report Download - page 48

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Millions of Yen
2015
Carrying
Amount Fair Value
Unrealized
Gain/Loss
Cash and cash equivalents ¥ 51,676 ¥ 51,676 –
Time deposits 484 484 –
Receivables:
Trade receivables 79,158 79,158 –
Allowance for doubtful receivables (*1) (2,195) (2,195) –
129,123 129,123 –
Investment securities:
Available-for-sale securities 1,882 1,882 –
Total ¥131,005 ¥131,005 –
Short-term borrowings ¥ 17,871 ¥ 17,871 –
Current portion of long-term debt 8,135 8,135 –
Trade payables 76,359 76,359 –
Income taxes payable 2,266 2,266 –
Long-term debt 10,936 10,936 –
Total ¥115,567 ¥115,567 –
Derivative transactions (*2) ¥ 141 ¥ 141 –
*1. Allowance for doubtful receivables corresponding to trade receivables is deducted.
*2. Derivative transactions show 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 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. Fair value information 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.
Convertible bonds
The fair values of the convertible bonds are measured
based on the present value of total amount of prin-
cipals and interests discounted by the interest rate
calculated with remaining period of this bond and the
credit risk since there is no market value available.
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 use mainly variable interests and
the credit status of the Company has not changed
significantly.
Derivatives
Fair value information for derivatives is included in
Note 16.
46 Pioneer Corporation Annual Report 2016