Toshiba 2011 Annual Report Download - page 96

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30
Notes to Consolidated Financial Statements
Toshiba Corporation and Subsidiaries
March 31, 2011
Derivative instruments
Derivative instruments principally represent forward currency exchange contracts and interest rate swap agreements,
which are classified within Level 2. They are valued based on inputs that can be corroborated with the observable inputs
such as foreign currency exchange rate, LIBOR and others.
Subordinated retained interests
Subordinated retained interests are valued based on unobservable inputs and classified within Level 3. They are valued
based on the internal valuation models and the Group’s own assumptions.
Analyses of the changes in Level 3 assets measured at fair value on a recurring basis for the years ended March 31, 2011
and 2010 are as follows:
Millions of yen
Year ended March 31, 2011 Marketable securities
Subordinated retained
interests Tot a l
Balance at beginning of year ¥ 2,393 ¥ 5,942 ¥ 8,335
Total gains or losses (realized or unrealized):
Included in gains (losses) (461) — (461)
Included in other comprehensive income (loss) ———
Purchases ———
Issuances ———
Settlements (1,927) (5,942) (7,869)
Balance at end of year ¥ 5 ¥ — ¥ 5
Millions of yen
Year ended March 31, 2010 Marketable securities
Subordinated retained
interests Tot a l
Balance at beginning of year ¥ 3,045 ¥ 10,762 ¥ 13,807
Total gains or losses (realized or unrealized):
Included in gains (losses) — — —
Included in other comprehensive income (loss) (556) — (556)
Purchases — — —
Issuances — — —
Settlements (96) (4,820) (4,916)
Balance at end of year ¥ 2,393 ¥ 5,942 ¥ 8,335
Thousands of U.S. dollars
Year ended March 31, 2011 Marketable securities
Subordinated retained
interests Tot a l
Balance at beginning of year $ 28,831 $ 71,590 $ 100,421
Total gains or losses (realized or unrealized):
Included in gains (losses) (5,554) — (5,554)
Included in other comprehensive income (loss) ———
Purchases ———
Issuances ———
Settlements (23,217) (71,590) (94,807)
Balance at end of year $ 60 $ — $ 60
At March 31, 2011 and 2010, Level 3 assets measured at fair value on a recurring basis consisted of corporate debt
securities and subordinated retained interests.