FINANCIAL HIGHLIGHTS MANAGEMENT PERSPECTIVE TOPICS REVIEW OF OPERATIONS FINANCIAL SECTION CORPORATE DATA Fair Value of Derivative Financial Instruments The fair values of the Group’s derivative financial instruments at March 31, 2001 and 2000 were as follows: Millions of yen 2001 2000 Contract Fair Unrealized Contract Fair Unrealized Amount Value Loss Amount Value Gain (Loss) Forward exchange contracts: Selling: US$ .......................................... ¥3,160 ¥3,195 ¥(35) ¥01,528 ¥1,581 ¥0(53) GBP........................................... 3,471 3,546 (75) 7,384 7,641 (257) A$............................................. 408 407 1 HK$ .......................................... 129 133 (4) S$............................................. 135 134 1 EUR........................................... 1,432 1,418 14 SEK........................................... 123 122 1 Buying JPY............................................ 1,346 1,431 85 US$ .......................................... 155 152 (3) Interest rate swaps:  Floating rate payment,  fixed rate receipt .......................... 1,061 6 6 Fixed rate payment,  floating rate receipt ...................... 16,011 (528) (528) Fixed rate payment,  fixed rate receipt .......................... 1,923 145 145 Information related to foreign currency forward contracts that qualify for hedge accounting for the year ended March 31, 2001 and forward contracts that are assigned to associated assets and liabilities and recorded on the balance sheet at March 31, 2000 are excluded from the dis- closure of market value information. The contract or notional amounts of derivatives which are shown in the above table do not rep- resent the amounts exchanged by the parties and do not measure the Group’s exposure to credit or market risk.  Commitments for capital expenditures outstanding at March 31, 2001 totaled approximately ¥7,558 million. Contingent liabilities at March 31, 2001 were as follows: Millions of yen Trade notes discounted ................................................................................................. ¥300 Trade notes endorsed ................................................................................................... 7 Guarantees and items of a similar nature to bank loans .................................................. 215 At the general shareholders’ meeting held on June 28, 2001, the Company’s shareholders approved the following: Millions of yen Year-end cash dividends, ¥6.00 per share ...................................................................... ¥1,582 Transfer to legal reserve ................................................................................................ 170 Bonuses to directors and corporate auditors ................................................................... 120 Appropriations of Retained Earnings The following appropriations of retained earnings at March 31, 2001 were approved at the Company’s shareholders’ meeting held on June 28, 2001: 38 DAIKIN INDUSTRIES, LTD. ANNUAL REPORT 2001 13. Commitments and Contingent Liabilities 14. Subsequent Events