Toshiba 2011 Annual Report Download - page 94
Download and view the complete annual report
Please find page 94 of the 2011 Toshiba annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
 |
 |
28
Notes to Consolidated Financial Statements
Toshiba Corporation and Subsidiaries
March 31, 2011
5. FAIR VALUE MEASUREMENTS
ASC No.820 “Fair Value Measurements and Disclosures” defines fair value as the price that would be received to sell an asset
or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair
value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels below;
Level 1 - Quoted prices for identical assets or liabilities in active markets.
Level 2 - Quoted prices for similar assets or liabilities in active markets.
Quoted prices for identical or similar instruments in markets that are not active.
Inputs other than quoted prices that are observable.
Inputs that are derived principally from or corroborated by observable market data by correlation or other
means.
Level 3 - Instruments whose significant inputs are unobservable.
Assets and liabilities measured at fair value on a recurring basis
Assets and liabilities that are measured at fair value on a recurring basis at March 31, 2011 and 2010 are as follows:
Millions of yen
March 31, 2011 Level 1 Level 2 Level 3 Total
Assets:
Marketable securities:
Equity securities ¥ 201,138 ¥ 673 ¥ —¥ 201,811
Debt securities —— 55
Derivative assets:
Forward exchange contracts —6,325 —6,325
Interest rate swap agreements —2—2
Currency swap agreements —1,716 —1,716
Tot al ass ets ¥ 201,138 ¥ 8,716 ¥ 5 ¥ 209,859
Liabilities:
Derivative liabilities:
Forward exchange contracts ¥ —¥ 2,993 ¥ —¥ 2,993
Interest rate swap agreements — 2,407 —2,407
Currency swap agreements — 1,241 —1,241
Total liabilities ¥ —¥ 6,641 ¥ —¥ 6,641