Annual Report 2012


>> P.66

INTEREST-RATERELATEDTRANSACTIONSMILLIONSOFYEN2012METHODOFHEDGEACCOUNTINGTRANSACTIONMAJORHEDGEDITEMCONTRACTVALUE(NOTIONALPRINCIPALAMOUNT)CONTRACTVALUE(NOTIONALPRINCIPALAMOUNT)OVERONEYEARESTIMATEDFAIRVALUEDEFERRALHEDGEINTERESTRATESWAPRECEIVEflOATING/PAYfiXEDLONG-TERMLOANSPAYABLE¥131,479¥125,801¥(13,200)SPECIALTREATMENTFORINTERESTRATESWAPSINTERESTRATESWAPRECEIVEflOATING/PAYfiXEDLONG-TERMLOANSPAYABLE17,01915,002(658)TOTAL¥148,498¥140,803¥(13,858)MILLIONSOFYEN2011METHODOFHEDGEACCOUNTINGTRANSACTIONMAJORHEDGEDITEMCONTRACTVALUE(NOTIONALPRINCIPALAMOUNT)CONTRACTVALUE(NOTIONALPRINCIPALAMOUNT)OVERONEYEARESTIMATEDFAIRVALUEDEFERRALHEDGEINTERESTRATESWAPRECEIVEflOATING/PAYfiXEDLONG-TERMLOANSPAYABLE¥141,921¥130,050¥(13,244)SPECIALTREATMENTFORINTERESTRATESWAPSINTERESTRATESWAPRECEIVEflOATING/PAYfiXEDLONG-TERMLOANSPAYABLE22,28417,559(852)TOTAL¥164,205¥147,609¥(14,096)THOUSANDSOFU.S.DOLLARS2012METHODOFHEDGEACCOUNTINGTRANSACTIONMAJORHEDGEDITEMCONTRACTVALUE(NOTIONALPRINCIPALAMOUNT)CONTRACTVALUE(NOTIONALPRINCIPALAMOUNT)OVERONEYEARESTIMATEDFAIRVALUEDEFERRALHEDGEINTERESTRATESWAPRECEIVEflOATING/PAYfiXEDLONG-TERMLOANSPAYABLE$1,599,696$1,530,612$(160,603)SPECIALTREATMENTFORINTERESTRATESWAPSINTERESTRATESWAPRECEIVEflOATING/PAYfiXEDLONG-TERMLOANSPAYABLE207,069182,528(8,006)TOTAL$1,806,765$1,713,140$(168,609)OTHERMILLIONSOFYEN2012METHODOFHEDGEACCOUNTINGTRANSACTIONMAJORHEDGEDITEMCONTRACTVALUE(NOTIONALPRINCIPALAMOUNT)CONTRACTVALUE(NOTIONALPRINCIPALAMOUNT)OVERONEYEARESTIMATEDFAIRVALUEDEFERRALHEDGEBUNKERFUELSWAPBUNKERFUELPURCHASES¥10,748¥117¥678FORWARDFREIGHTAGREEMENTOCEANFREIGHT786—(56)TOTAL¥11,534¥117¥622THOUSANDSOFU.S.DOLLARS2012METHODOFHEDGEACCOUNTINGTRANSACTIONMAJORHEDGEDITEMCONTRACTVALUE(NOTIONALPRINCIPALAMOUNT)CONTRACTVALUE(NOTIONALPRINCIPALAMOUNT)OVERONEYEARESTIMATEDFAIRVALUEDEFERRALHEDGEBUNKERFUELSWAPBUNKERFUELPURCHASES$130,770$1,424$8,249FORWARDFREIGHTAGREEMENTOCEANFREIGHT9,563—(681)TOTAL$140,333$1,424$7,568THEREWASNOOUTSTANDINGOTHERDERIVATIVEPOSITIONASOFMARCH31,2011.FAIRVALUEISBASEDONRELEVANTPRICESQUOTEDBYfiNANCIALINSTITUTIONSANDOTHERS.66ANNUALREPORT2012


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