AR2017

69/90

Note 1:Method of computing the estimated fair value of nancial instruments, securities and derivatives(1) Cash and deposits; (2) Trade notes and accounts receivableSince these items are settled in a short period of time and have estimated fair values that are virtually the same as the carrying value on the ledger, the carrying value has been used.(3) Investment securitiesThe market value of investment securities is determined by the price of the stock traded on an exchange market.(4) Trade notes and accounts payable; (5) Short-term loans payable; (6) Accrued income taxesSince these items are settled in a short period of time and have estimated fair values that are virtually the same as the carrying value on the ledger, the carrying value has been used.(7) Long-term loans payableThe fair value of long-term loans payable is measured as the net present value of estimated cash ows by discounting the amount of principal and interest value using the assumed interest rate applied to a new similar loan. The fair value of long-term loans payable with variable interest rates hedged by interest rate swaps subject to the special treatment or interest rate and currency swaps subject to the total treatment are calculated based on the net present value of the total amount of principle and interest, accounted for together with the interest rate swap or interest rate and currency swap transactions, discounted by the interest rate rationally estimated for a similar loan. (8) DerivativesPlease see Note 16, “Derivatives.”Note 2: Financial instruments for which obtaining an estimated fair value is deemed to be extremely difcult:Millions of yenThousands of U.S. dollars201720162017Carrying valueCarrying valueCarrying valueUnlisted stocks¥583¥656$5,202 The unlisted stocks in the preceding table do not have market values, and as estimating their future cash ows is deemed to be extremely difcult, they are not included in the above table “(3) Investment securities.”Note 3:Planned redemption amounts after the balance sheet date for held-to-maturity securities and receivables were as follows:Millions of yenThousands of U.S. dollars201720162017Within 1 yearWithin 1 yearWithin 1 yearCash and deposits¥ 45,038¥ 65,711$401,444Trade notes and accounts receivable66,80162,331595,431Total¥111,839¥128,043$996,876Note 4: Planned redemption amounts after the balance sheet date for borrowings were as follows:Millions of yen2017Within 1 yearOver 1 year within 2 yearsOver 2 years within 3 yearsOver 3 years within 4 yearsOver 4 years within 5 yearsOver 5 yearsShort-term loans payable¥  641¥   —¥   —¥   —¥   —¥   —Current portion of long-term loans payable3,051 —————Long-term loans payable—3,0583,0589,3211,2341,121Total¥3,693¥3,058¥3,058¥9,321¥1,234¥1,121Thousands of U.S. dollars2017Within 1 yearOver 1 year within 2 yearsOver 2 years within 3 yearsOver 3 years within 4 yearsOver 4 years within 5 yearsOver 5 yearsShort-term loans payable$ 5,720$    —$    —$    —$    —$    —Current portion of long-term loans payable27,202 —————Long-term loans payable—27,26327,26383,08911,00010,000Total$32,922$27,263$27,263$83,089$11,000$10,000Millions of yen2016Within 1 yearOver 1 year within 2 yearsOver 2 years within 3 yearsOver 3 years within 4 yearsOver 4 years within 5 yearsOver 5 yearsShort-term loans payable¥1,695¥—¥—¥—¥—¥—Current portion of long-term loans payable— —————Long-term loans payable——————Total¥1,695¥—¥—¥—¥—¥—67LINTEC ANNUAL REPORT 2017