Toshiba 2011 Annual Report Download - page 109

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43
Each level into which assets are categorized is based on inputs used to measure the fair value of the assets, and does not
necessarily indicate the risks or ratings of the assets.
Level 1 plan assets represent marketable equity securities, pooled funds and government bonds, which are valued based
on quoted market prices in active markets with sufficient volume and frequency of transactions. Level 2 plan assets
represent pooled funds that invest in equity securities and debt securities, corporate bonds and life insurance company
general accounts. Pooled funds, which are classified as Level 2 asset, are valued at their net asset values that are calculated
by the sponsor of the fund. Corporate bonds are valued based on quoted market prices for identical assets in inactive
markets. Life insurance company general accounts are valued based on contracts. Level 3 plan assets represent hedge funds
and real estate, which are valued based on unobservable inputs as the markets for the assets are not active at the
measurement date.
An analysis of the changes in Level 3 plan assets measured at fair value for the year ended March 31, 2011 and 2010 are as
follows:
Millions of yen
Year ended March 31, 2011 Hedge funds Real estate Total
Balance at beginning of year ¥ 91,530 ¥ 22,871 ¥ 114,401
Actual return:
Relating to assets sold 51 (1,810) (1,759)
Relating to assets still held 5,944 (703) 5,241
Purchases, issuances and settlements (801) (3,047) (3,848)
Balance at end of year ¥ 96,724 ¥ 17,311 ¥ 114,035
Millions of yen
Year ended March 31, 2010 Hedge funds Real estate Total
Balance at beginning of year ¥ 84,898 ¥ 22,928 ¥ 107,826
Actual return:
Relating to assets sold (2,191) — (2,191)
Relating to assets still held 10,877 (1,588) 9,289
Purchases, issuances and settlements (2,054) 1,531 (523)
Balance at end of year ¥ 91,530 ¥ 22,871 ¥ 114,401
Millions of yen
March 31, 2010 Level 1 Level 2 Level 3 Total
Cash and cash equivalents ¥ 16,633 ¥ — ¥ — ¥ 16,633
Equity securities:
Japanese companies 111,412 — — 111,412
Foreign companies 42,033 — — 42,033
Pooled funds — 249,493 — 249,493
Debt securities:
Government bonds 82,272 — — 82,272
Municipal bonds — 955 — 955
Corporate bonds — 19,001 — 19,001
Pooled funds — 148,924 — 148,924
Other assets:
Hedge funds — — 91,530 91,530
Real estate — — 22,871 22,871
Life insurance company general accounts — 10,781 — 10,781
Other assets — 4,978 — 4,978
Total ¥ 252,350 ¥ 434,132 ¥ 114,401 ¥ 800,883
Notes: 1) Pooled funds in equity securities invest in listed equity securities consisting of approximately 40% Japanese companies and 60% foreign companies.
2) Government bonds include approximately 60% Japanese government bonds and 40% foreign government bonds.
3) Pooled funds in debt securities invest in approximately 30% Japanese government bonds, 30% foreign government bonds, 40% municipal bonds and corporate bonds.