Apple 1998 Annual Report Download - page 31

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subsequent disclosures, the Euro may replace the German mark for this purpose. Miscellaneous other currencies are primarily the Canadian
dollar and Australian dollar.
29
AVERAGE
CONTRACT RATE
NOTIONAL OR STRIKE
In millions, except average contract rates and strike prices AMOUNT PRICE
----------- -------------
Foreign currency spot/forward contracts:
Japanese Yen...................................................... $ 98 139.45
British Pound Sterling............................................ 10 1.68
German Marks...................................................... 138 1.72
Miscellaneous other currencies.................................... 49 n/a
-----------
Total currency spot/forward contracts............................... $ 295
-----------
-----------
Estimated fair value................................................ $ (8)
-----------
-----------
Foreign currency purchased call options:
Japanese Yen...................................................... $ 255 130.22
British Pound Sterling............................................ 75 1.68
German Marks...................................................... 180 1.71
Miscellaneous other currencies.................................... 85 n/a
-----------
Total purchased call options.................................... 595
-----------
Foreign currency purchased put options:
Japanese Yen...................................................... 525 139.05
British Pound Sterling............................................ 205 1.64
German Marks...................................................... 450 1.79
Miscellaneous other currencies.................................... 105 n/a
-----------
Total purchased put options..................................... 1,285
-----------
Total foreign currency purchased options............................ $ 1,880
-----------
-----------
Estimated fair value................................................ $ 22
-----------
-----------
Foreign currency sold call options:
Japanese Yen...................................................... $ 240 128.08
British Pound Sterling............................................ 150 1.70
German Marks...................................................... 110 1.71
Miscellaneous other currencies.................................... 180 n/a
-----------
Total sold call options......................................... 680
-----------
Foreign currency sold put options:
Japanese Yen...................................................... 135 145.46
British Pound Sterling............................................ 0 n/a
German Marks...................................................... 25 1.80
Miscellaneous other currencies.................................... 40 n/a
-----------
Total sold put options.......................................... 200
-----------
Total foreign currency sold options................................... $ 880
-----------
-----------
Estimated fair value................................................ $ (15)
-----------
-----------