Sony 2015 Annual Report Download - page 186

SONY CORPORATION AND CONSOLIDATED SUBSIDIARIES
The estimated fair values of Sony’s outstanding derivative instruments are summarized as follows:
Derivatives designated as
hedging instruments
Yen in millions
Balance sheet location Fair value Balance sheet location Fair value
March 31 March 31
Asset derivatives 2015 2016 Liability derivatives 2015 2016
Interest rate contracts Prepaid expenses and
other current assets 11 16 Current liabilities: Other 954 665
Interest rate contracts Other assets: Other 207 33 Liabilities: Other 23,899 22,605
Foreign exchange contracts Prepaid expenses and
other current assets 40 1
258 50 24,853 23,270
Derivatives not designated as
hedging instruments
Yen in millions
Balance sheet location Fair value Balance sheet location Fair value
March 31 March 31
Asset derivatives 2015 2016 Liability derivatives 2015 2016
Interest rate contracts Current liabilities: Other — 38
Interest rate contracts Other assets: Other 222 538 Liabilities: Other 1,178 5,850
Foreign exchange contracts Prepaid expenses and
other current assets 29,899 16,803 Current liabilities: Other 21,526 19,309
Foreign exchange contracts Other assets: Other 28 — Liabilities: Other 155 —
Equity contracts Prepaid expenses and
other current assets — 437 Current liabilities: Other 612 668
30,149 17,778 23,471 25,865
Total derivatives 30,407 17,828 48,324 49,135
Presented below are the effects of derivative instruments on the consolidated statements of income for the
fiscal years ended March 31, 2014, 2015 and 2016.
Derivatives under fair value
hedging relationships
Yen in millions
Location of gain or (loss) recognized in
income on derivative
Amount of gain or (loss) recognized
in income on derivative
Fiscal year ended March 31
2014 2015 2016
Interest rate contracts Financial services revenue 131 (8,271) (8,300)
Foreign exchange contracts Foreign exchange loss, net (1) (9) 3
Total 130 (8,280) (8,297)
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