Integrated Report 2020

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Note 1:Method of computing the fair value of financial 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 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 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 flows 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 14, “Derivatives.”Note 2: Financial instruments for which obtaining the fair value is deemed to be extremely difficult:Millions of yenThousands of U.S. dollars202020192020Carrying valueCarrying valueCarrying valueUnlisted stocks¥583¥583$5,357 The unlisted stocks in the preceding table do not have market values, and as estimating their future cash flows is deemed to be extremely difficult, they are not included in the above table “(3) Investment securities.”Note 3:Planned redemption amounts after the balance sheet date for held-to-maturity securities and receivables were as follows:Millions of yenThousands of U.S. dollars202020192020Within 1 yearWithin 1 yearWithin 1 yearCash and deposits¥ 57,166¥ 62,121$  525,284Trade notes and accounts receivable62,89669,479577,931Total¥120,063¥131,601$1,103,216Note 4: Planned redemption amounts after the balance sheet date for borrowings were as follows:Millions of yen2020Within 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¥ 1,580¥   —¥ —¥ —¥—¥—Current portion of long-term loans payable9,240———— —Long-term loans payable—1,197544544——Total¥10,820¥1,197¥544¥544¥—¥—Thousands of U.S. dollars2020Within 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$14,521$    —$   —$   —$—$—Current portion of long-term loans payable84,903 —————Long-term loans payable—11,0005,0005,000——Total$99,424$11,000$5,000$5,000$—$—Millions of yen2019Within 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¥2,531¥   —¥   —¥ —¥  —¥—Current portion of long-term loans payable3,038———— —Long-term loans payable—9,2911,220554554—Total¥5,569¥9,291¥1,220¥554¥554¥—LINTEC Integrated Report 2020FoundationStrategyOverviewFinancial Information83