Yamaha 2011 Annual Report Download - page 83

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81
Annual Report 2011
Millions of yen
Notional amount Estimated
fair valueAs of March 31, 2010 Hedged items Total Over one year Calculation of fair value
Foreign exchange forward contracts
accounted for by benchmark method:
Prices provided by
financial institution*2
Sell: Accounts receivable
Australian dollars ¥ 1,245 ¥— ¥ 1,298
Canadian dollars 1,368 — 1,436
Euros 10,021 — 10,173
Buy: Accounts payable
U.S. dollars 90 —92
Sterling pound 7 — 7
Euros 23 —23
Foreign exchange forward contracts
accounted for by allocated method: Market prices
Sell: Accounts receivable
Australian dollars 141 — *1
Canadian dollars 21 —
Euros 1,750 —
Total ¥14,671 ¥— ¥ —
*1. The estimated fair value is included in the fair value of accounts receivable, since the foreign exchange forward contracts are accounted for as part of accounts receivable under
the allocated method in hedge accounting.
*2. The estimated fair value is the fair value of the notional amount, and the net value of assets and liabilities arising from derivatives was ¥271 million.
Thousands of U.S. dollars (Note 3)
Notional amount Estimated
fair valueAs of March 31, 2011 Hedged items Total Over one year Calculation of fair value
Foreign exchange forward contracts
accounted for by benchmark method:
Prices provided by
financial institution*2
Sell: Accounts receivable
Australian dollars $ 15,129 $— $ 15,695
Canadian dollars 19,290 — 19,675
Euros 117,330 — 121,347
Buy: Accounts payable
U.S. dollars 373 — 373
Sterling pound 12 —12
Euros 24 — 24
Foreign exchange forward contracts
accounted for by allocated method: Market prices
Sell: Accounts receivable
Australian dollars 1,696 — *1
Canadian dollars 962 —
Euros 11,425 —
Total $166,278 $— $ —
*1. The estimated fair value is included in the fair value of accounts receivable, since the foreign exchange forward contracts are accounted for as part of accounts receivable under
the allocated method in hedge accounting.
*2. The estimated fair value is the fair value of the notional amount, and the net value of assets and liabilities arising from derivatives was $4,967 thousand.