Sony 2015 Annual Report Download - page 187

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SONY CORPORATION AND CONSOLIDATED SUBSIDIARIES
Derivatives under cash flow
hedging relationships
Yen in millions
Location of gain or (loss) recognized
in income on derivative
Amount of gain or (loss) recognized
in OCI on derivative
Fiscal year ended March 31
2014 2015 2016
Interest rate contracts — 167 — —
Foreign exchange contracts — — — 1,914
Total 167 — 1,914
Amount of gain or (loss) reclassified
from accumulated OCI into income
(effective portion)
Interest rate contracts Interest expense 471 — —
Foreign exchange contracts Foreign exchange loss, net 348 — (8)
Foreign exchange contracts Cost of sales — — (3,104)
Total 819 — (3,112)
Derivatives not designated as
hedging instruments
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 (167) (3,579) (5,499)
Interest rate contracts Foreign exchange loss, net — 883 —
Foreign exchange contracts Financial services revenue 1,198 (1,942) 4,166
Foreign exchange contracts Foreign exchange loss, net 2,703 13,375 (14,501)
Equity contracts Financial services revenue — (2,725) 3,267
Total 3,734 6,012 (12,567)
The following table summarizes additional information, including notional amounts, for each type of
derivative:
Yen in millions
March 31, 2015 March 31, 2016
Notional
amount
Fair
value
Notional
amount
Fair
value
Foreign exchange contracts:
Foreign exchange forward contracts 1,335,811 11,654 1,030,020 (5,118)
Currency option contracts purchased 9,920 202 211 2
Currency option contracts written 568 (3) 210 (2)
Currency swap agreements 754,056 (3,872) 729,632 (99)
Other currency contracts 83,980 305 75,157 2,712
Interest rate contracts:
Interest rate swap agreements 402,049 (25,591) 436,739 (28,571)
Equity contracts:
Equity future contracts 21,903 (612) 72,794 (231)
F-53