Sharp 2010 Annual Report Download - page 57

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U.S. Dollars (thousands)
2010
Consolidated
Balance Sheet
Amount Fair Value Difference
(1) Cash and cash equivalents, and Time deposits . . . . . . . . . . . . . . . . . . . . . . . $ 3,787,109 $ 3,787,109 $ 0
(2) Notes and accounts receivable (excluding other accounts receivable). . . . . . 4,781,272 4,770,783 (10,489)
(3) Investments in securities
1) Debt securities held to maturity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . – – –
2) Other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 562,141 562,141 0
Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,130,522 9,120,033 (10,489)
(4) Notes and accounts payable (excluding other accounts payable) . . . . . . . . . . 6,025,739 6,025,739 0
(5) Bank loans and Current portion of long-term borrowings
(included in short-term borrowings) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,063,978
1,063,978
0
(6) Commercial paper (included in short-term borrowings) . . . . . . . . . . . . . . . . . 1,801,685 1,801,685 0
(7) Straight bonds (included in short-term borrowings and long-term debt) . . . . 2,779,946 2,805,370 25,424
(8) Bonds with subscription rights to shares (included in long-term debt). . . . . . 2,201,054 2,108,663 (92,391)
(9) Long-term borrowings (included in long-term debt) . . . . . . . . . . . . . . . . . . . . 788,696 803,967 15,271
Total Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,661,098 14,609,402 (51,696)
(10) Derivative transactions* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,946) 1,130 3,076
* Net receivables and payables arising from derivative transactions. Net payables are indicated by “( ).”
(Note 1) Methods of Calculating the Fair Value of Financial
Instruments and Matters Related to Securities and
Derivative Transactions
(1) Cash and cash equivalents, and Time deposits
Are stated at book value, as the fair value of time
deposits approximates their book value, due to their
short maturity periods.
(2) Notes and accounts receivable (excluding other
accounts receivable)
Are stated at book value, as the fair value of notes
and accounts receivable (excluding other accounts
receivable), approximates their book value, due to
their short maturity periods. For the fair value of
accounts receivable (excluding other accounts
receivable) with long maturity periods, the amount
of each accounts receivable (excluding other
accounts receivable) is classified based on certain
terms and are discounted using a rate which
reflects both the period until maturity and credit risk.
(3) Investments in securities
The fair value of investments in securities is based
on average observable prices on the relevant
exchanges during the last month of the fiscal year.
(4) Notes and accounts payable (excluding other
accounts payable)
Are stated at book value, as the fair value of notes
and accounts payable (excluding other accounts
payable) approximates their book value, due to their
short maturity periods.
(5) Bank loans and current portion of long-term borrow-
ings (included in short-term borrowings)
Are stated at book value, as the fair value of bank
loans and current portion of long-term borrowings
approximates their book value, due to their short
maturity periods.
(6) Commercial paper (included in short-term
borrowings)
Are stated at book value, as the fair value of com-
mercial paper approximates their book value, due
to their short maturity periods.
(7) Straight bonds (included in short-term borrowings
and long-term debt)
Marketable straight bonds are stated at the
observable price on the relevant exchange. Non-
marketable straight bonds are stated based on
quoted prices from financial institutions.
(8) Bonds with subscription rights to shares (included in
long-term debt)
Marketable bonds with subscription rights to
shares, are stated at the observable prices on the
relevant exchange.
Non-marketable bonds with subscription rights to
shares are stated based on quoted prices from
financial institutions.
(9) Long-term borrowings (included in long-term debt)
To estimate the fair value of long-term borrowings,
the total amount of the principal and interest is
discounted using the rate which would apply if
similar borrowings were newly made.
Financial Section
Annual Report 2010 55