Annual Report 2012

Remark 1 Methods used to calculate fair values of financial instruments and the details of securities
• Cash and cash equivalents, time deposits and trade notes and
accounts receivable
Cash and cash equivalents and trade notes and accounts receivable
are stated at the relevant book value because the settlement periods
are short and the fair values are almost the same as the book value.
• Investments securities
Equity securities are stated at market value. See Note 6. “Investment
securities” for the detailed information by classification.
• Trade notes and accounts payable and short-term bank loans and
current portion of long-term debt and commercial paper
Because the settlement periods of the above items are short and
their fair values are almost the same as their book values, the
relevant book values are used.
• Other notes and account payable
Because the settlement periods of the above items are short and
their fair values are almost the same as their book values, the
relevant book values are used.
• Long-term debt
The fair value of long-term debt is calculated by applying a discount
rate to the total of principal and interest. The discount rate is based
on the assumed interest rate if a similar new loan was entered into.
• Lease obligation
The fair value of lease obligations is calculated by applying a
discount rate to the total of principal and interest. The discount rate
is based on the assumed interest rate if a current lease transaction
was renewed.
Remark 2 Financial instruments for which the fair value is extremely difficult to determine
Millions of yen Thousands of U.S. dollars (Note 1)
2012 2011 2012
Unlisted equity securities ································ ¥ 13,583 ¥ 18,068 $ 165,263
Because these items have no market value and are difficult to estimate the future cash flow and it is extremely difficult to determine their fair values,
they are not included in investment securities above.
Remark 3 Planned redemption amounts after the balance sheet date for monetary receivables with maturity dates are as follows:
Millions of yen Thousands of U.S. dollars (Note 1)
2012 2011 2012
Within 1 year Within 1 year Within 1 year
Cash and cash equivalents, time deposits ······ ¥ 95,738 ¥ 81,116 $ 1,164,839
Trade notes and accounts receivable ·············· 68,281 60,823 830,770
Remark 4 Planned repayment amounts after the balance sheet date for monetary payables with maturity dates
Planned repayment amounts after the balance sheet date for monetary payables with maturity dates at March 31, 2012 are as follows:
Millions of yen
2012
Within 1 year
Over 1 year but
within 2 years
Over 2 years but
within 3 years
Over 3 years but
within 4 years
Over 4 years but
within 5 years
Over 5 years
Trade notes and accounts payable ················· ¥ 37,721 ¥ — ¥ — ¥ — ¥ — ¥ —
Short-term bank loans, current portion of
long-term debt, and commercial paper ····· 124,132 — — — — —
Other notes and account payable ··················· 12,367 — — — — —
Long-term debt ·············································· — 32,961 51,004 46,173 40,863 18,379
Lease obligations ············································ 427 402 409 88 15 —
Total ······························································· ¥ 174,647 ¥ 33,363 ¥ 51,413 ¥ 46,261 ¥ 40,878 ¥ 18,379
Within 1 year
Over 1 year but
within 2 years
Thousands of U.S. dollars (Note 1)
2012
Over 2 years but
within 3 years
Over 3 years but
within 4 years
Over 4 years but
within 5 years
Over 5 years
Trade notes and accounts payables ··············· $ 458,948 $ — $ — $ — $ — $ —
Short-term bank loans, current portion of
long-term debt, and commercial paper ····· 1,510,305 — — — — —
Other notes and account payable ··················· 150,468 — — — — —
Long-term debt ·············································· — 401,035 620,561 561,784 497,177 223,616
Lease obligations ············································ 5,195 4,891 4,977 1,071 182 —
Total ······························································· $ 2,124,916 $ 405,926 $ 625,538 $ 562,855 $ 497,359 $ 223,616
Nipro Corporation Annual Report 2012 40