Consolidated Financial Statements - Acer Group

23ACER INCORPORATED AND SUBSIDIARIESNotes to Consolidated Financial Statements (continued)For the years ended December 31, 2011 and 2010, the unrealized gains (losses) resulting from thechanges in fair value of hedging instruments amounted to NT$1,027,988 and NT$(1,704,127),respectively.As of December 31, 2011 and 2010, hedged items designated as cash flow hedges and the fair valueof their respective hedging derivative financial instruments were as follows:December 31, 2011Hedged itemsHedging instrumentsFair value ofhedginginstrumentsNT$Expected periodof cash flowExpected periodof recognition inearningsAccounts receivable/payable Foreign currency forward $ 234,941 Jan.~ May 2012 Jan.~ May 2012denominated in foreign contractscurrenciesDecember 31, 2010Hedged itemsHedging instrumentsFair value ofhedginginstrumentsNT$Expected periodof cash flowExpected periodof recognition inearningsAccounts receivable/payable Foreign currency forward $ (33,412) Jan.~ May 2011 Jan.~ May 2011denominated in foreign contractscurrenciesFor the years ended December 31, 2011 and 2010, unrealized gains (losses) on derivative financialinstruments effective as cash flow hedges, amounted to NT$268,353 and NT$(45,810), respectively,which were accounted for as “unrealized gain (loss) on financial instruments”, a separate componentof stockholder‟s equity.The details of outstanding hedging derivative financial instruments described above as of December31, 2011 and 2010 were as follows:Foreign currency forward contractsBuySellDecember 31, 2011Notional amount(in thousands)Maturity periodAUD / NZD AUD 3,750 2012/01~2012/03CHF / EUR EUR 8,631 2012/01MXN / USD USD 6,750 2012/01EUR / SEK EUR 13,520 2012/01~2012/02EUR / CHF EUR 11,458 2012/01~2012/03EUR / PLN EUR 16,314 2012/01~2012/02(Continued)