Ricoh 2005 Annual Report Download - page 51

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( e) Interest rate swap agreements
The fair value of interest rate swap agreements is estimated by
obtaining quotes from brokers.
( f)
For eign cur rency contr acts and For eign cur rency options
The fair value of foreign currency contracts and foreign currency
options is estimated by obtaining quotes from brokers.
The estimated fair value of the financial instruments as of March 31,
2004 and 2005 is summarized as follows:
To Our Shareholders
and Customers
Review of Operations
(General Information by Business Area)
Technology Corporate Social
Responsibility Environment Financial Section
50
ANNUAL REPORT 2005
Millions of Yen Thousands of U.S. Dollars
2004
2 0 0 5 2 0 0 5
Carrying Estimated Carrying Estimated Carrying Estimated
Amount Fair Value Amount Fair Value Amount Fair Value
Marketable securities and
Investment securities ¥ 66,995 ¥ 66,995
¥ 31,292 ¥ 31,292 $292,449 $292,449
Installment loans 51,455 51,626
50,131 50,292 468,514 470,019
Long-term indebtedness (281,570) ( 284,528)
(226,567) (228,839) (2,117,449) (2,138,682)
Interest rate swap agreements, net 2,266 2,266
1,683 1,683 15,729 15,729
Foreign currency contracts, net 1,876 1,876
181 181 1,692 1,692
Foreign currency options, net ( 145) ( 145)
(813) (813) (7,598) (7,598)
Limitations
Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates are
subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could
significantly affect the estimates.