Annual Report 2002 [PDF/1.6MB]

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11. DERIVATIVE FINANCIAL INSTRUMENTS (continued)(2) Interest-rateMillions of Yen20022001NotionalamountFairvalueUnrealizedgain (loss)NotionalamountFairvalueUnrealizedgain (loss)Interest-rate capcontracts:Interest-rate capcontracts:Notionalamount¥ ¥ ¥ Thousands of U.S. Dollars (Note 1)2002FairvalueUnrealizedgain (loss)$ $ $ ¥ 5,000 ¥ (12)¥ (12)Note: The above figures exclude amounts of outstanding derivative transactions to which hedge accounting has been applied.(3) CommoditiesMillions of Yen20022001NotionalamountFairvalueUnrealizedgain (loss)NotionalamountFairvalueUnrealizedgain (loss)Forward contract:Foodsto sell¥ ¥ ¥ ¥ 24¥ 21¥ 3to buy4743(4)Future contract:Metalsto sell¥ 34¥ 34¥ (0)¥ 133¥ 138¥ (5)to buy3434(0)NotionalamountThousands of U.S. Dollars (Note 1)2002FairvalueUnrealizedgain (loss)Forward contract:Foodsto sell$ $ $ to buyFuture contract:Metalsto sell$ 255$ 255¥ (0)to buy255255(0)Note: 1. Fair value of forward contracts for foods is based on quoted market prices.2. Fair value of future contracts for metals is based on prices quoted by counterparties.3. The above figures exclude amounts of outstanding derivative transactions to which hedge accounting has been applied.47
12. SEGMENT INFORMATIONThe Companies’ activities include worldwide trading in various commodities and coordinating industrial projects on aninternational basis, along with finance and other services.Segment information by operation was as follows:Millions of YenSteelRaw Materials,Fuels andChemicalsFoods andCommoditiesMachineryConstructionand OtherEliminationsor CorporateConsolidatedYear endedMarch 31, 2002:Net sales:Outside customers¥ 687,789¥ 172,198¥ 108,668¥ 110,642¥ 46,633¥ ¥1,125,930Intersegment160188607071,430(2,545)Total687,949172,386108,728111,34948,063(2,545)1,125,930Operatingexpenses681,880170,161108,756111,38847,236(2,545)1,116,876Operating income(loss)¥ 6,069¥ 2,225¥ (28)¥ (39)¥ 827¥ ¥ 9,054Total assets¥ 279,019¥ 31,793¥ 29,342¥ 86,020¥ 114,652¥ 49,884¥ 590,710Depreciation andamortization2,29670638097,80758511,630Capitalexpenditures1,21647533464,8748077,343Year endedMarch 31, 2001:Net sales:Outside customers¥ 804,814¥ 175,924¥ 119,193¥ 130,473¥ 50,533¥ ¥ 1,280,937Intersegment3,04673838351,457(6,079)Total807,860176,662119,196131,30851,990(6,079)1,280,937Operatingexpenses800,893174,082120,871130,58351,609(6,079)1,271,959Operating income(loss)¥ 6,967¥ 2,580¥ (1,675)¥ 725¥ 381¥ ¥ 8,978Total assets¥ 320,243¥ 44,439¥ 36,167¥ 94,338¥ 175,552¥ 56,404¥ 727,143Depreciation andamortization5,32170748048,73262115,622Capitalexpenditures2,54560185198,1403,77615,05848
Page 2 and 3: COMPANY PROFILEOriginally founded i
Page 5 and 6: BUSINESS ENVIRONMENTDuring the year
Page 7 and 8: position as a leading steel trader,
Page 9 and 10: REVIEWS OF OPERATIONSDOMESTIC STEEL
Page 11 and 12: Domestic SteelOverseas SteelTerre A
Page 27 and 28: All Domestic Kawasho Offices Acquir
Page 29 and 30: CONSOLIDATED BALANCE SHEETSKawasho
Page 31 and 32: CONSOLIDATED STATEMENTS OF OPERATIO
Page 33 and 34: CONSOLIDATED STATEMENTS OF CASH FLO
Page 35 and 36: NOTES TO CONSOLIDATED FINANCIAL STA
Page 37 and 38: 2. SUMMARY OF SIGNIFICANT ACCOUNTIN
Page 39 and 40: 4. SHORT-TERM BORROWINGS AND LONG-T
Page 41 and 42: 6. ACCRUED RETIREMENT BENEFITSThe f
Page 43 and 44: 10. LEASE TRANSACTIONSFinance lease
Page 45: 11. DERIVATIVE FINANCIAL INSTRUMENT
Page 49: JapanThousands of U.S. DollarsOther
Page 52 and 53: IndonesiaMiddle EastNorth AmericaJA
Page 54 and 55: COMPANY DATANameKAWASHO CORPORATION

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