Annual Report 2012


>> P.63

THOUSANDSOFU.S.DOLLARS2012CARRYINGVALUEESTIMATEDFAIRVALUEDIFFERENCEASSETSCASHANDDEPOSITS$1,176,518$1,176,518$—ACCOUNTSANDNOTESRECEIVABLE—TRADE947,743947,743—INVESTMENTSINSECURITIES597,493568,986(28,507)TOTALASSETS$2,721,754$2,693,247$(28,507)LIABILITIESACCOUNTSANDNOTESPAYABLE—TRADE$915,866$915,866$—SHORT-TERMLOANS,INCLUSIVEOFCURRENTPORTIONOFLONG-TERMLOANS876,615881,470(4,855)BONDS907,324878,10029,224LONG-TERMLOANS4,941,7574,973,329(31,572)TOTALLIABILITIES$7,641,562$7,648,765$(7,203)DERIVATIVETRANSACTIONS*$(647,013)$(655,019)$(8,006)*THEVALUEOFASSETSANDLIABILITIESARISINGFROMDERIVATIVETRANSACTIONSISSHOWNATNETVALUE,ANDTHEAMOUNTSINPARENTHESESREPRESENTNETLIABILITYPOSITION.FAIRVALUEOFCASHANDDEPOSITS,ANDACCOUNTSANDNOTESRECEIVABLE-TRADEISBASEDONCARRYINGVALUEASMOSTOFTHEMARESETTLEDWITHINASHORTTERM.FAIRVALUEOFINVESTMENTSINSECURITIESISBASEDONMARKETPRICES.FAIRVALUEOFACCOUNTSANDNOTESPAYABLE-TRADE,ANDSHORT-TERMLOANSISBASEDONCARRYINGVALUEASMOSTOFTHEMARESETTLEDWITHINASHORTTERM,EXCEPTFORTHECURRENTPORTIONOFLONG-TERMLOANSWHOSEFAIRVALUEISBASEDONSAMEMETHODASLONG-TERMLOANS.FAIRVALUEOFBONDSISBASEDONMAINLYMARKETPRICES.FAIRVALUEOFLONG-TERMLOANSISMAINLYBASEDONTHEPRESENTVALUEOFTHETOTALAMOUNTINCLUDINGPRINCIPALANDINTEREST,DISCOUNTEDBYTHEEXPECTEDINTERESTRATEASSUMINGANEWBORROWINGOFTHESAMELOANUSINGTHEBALANCEASOFTHEENDOFTHEPERIOD.THEfiNANCIALINSTRUMENTSWHOSEFAIRVALUEISDIFfiCULTTODETERMINEASOFMARCH31,2012AND2011ARESUMMARIZEDASFOLLOWS.MILLIONSOFYENTHOUSANDSOFU.S.DOLLARS201220112012UNLISTEDINVESTMENTSINSECURITIES¥26,106¥33,598$317,630FORUNLISTEDINVESTMENTSINSECURITIES,THEREISNEITHERMARKETVALUENORESTIMATEDFUTURECASHflOW,ANDITISDIFfiCULTTODETERMINETHEFAIRVALUE.THEREFORE,THEFAIRVALUEOFUNLISTEDINVESTMENTSINSECURITIESISNOTINCLUDEDININVESTMENTSINSECURITIESINTHESUMMARYTABLEOFfi-NANCIALINSTRUMENTS.THEREDEMPTIONSCHEDULEASOFMARCH31,2012AND2011FORCASHANDDEPOSITS,ACCOUNTSANDNOTESRECEIVABLE—TRADEANDHELD-TO-MATURITYSE-CURITIESARESUMMARIZEDASFOLLOWS:MILLIONSOFYEN2012WITHIN1YEAROVER1YEARWITHIN5YEARSOVER5YEARSWITHIN10YEARSOVER10YEARSCASHANDDEPOSITS¥96,698¥—¥—¥—ACCOUNTSANDNOTESRECEIVABLE—TRADE77,895———INVESTMENTSINSECURITIESHELD-TO-MATURITYSECURITIES:(1)GOVERNMENTANDMUNICIPALBONDS111—(2)CORPORATEBONDS1,130———TOTAL¥175,724¥1¥1¥—MILLIONSOFYEN2011WITHIN1YEAROVER1YEARWITHIN5YEARSOVER5YEARSWITHIN10YEARSOVER10YEARSCASHANDDEPOSITS¥74,064¥—¥—¥—ACCOUNTSANDNOTESRECEIVABLE—TRADE78,314———INVESTMENTSINSECURITIESHELD-TO-MATURITYSECURITIES:(1)GOVERNMENTANDMUNICIPALBONDS24,99711—(2)CORPORATEBONDS—2,078——TOTAL¥177,375¥2,079¥1¥—63ANNUALREPORT2012


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