Notes to Consolidated Financial Statements SMFG (c) Equity derivatives Millions of yen March 31 2011 Hedge accounting method Principal items hedged Contract amount Type of derivative Total Over 1 year Fair value Recognition of gain or loss  on the hedging instrument Equity price index swaps: Other securities (equity) Receivable equity index/payable floating rate ... ¥ — ¥ — ¥ — Receivable floating rate/payable equity index ... 21,521 11,078 (623) Total .................................................................... / / ¥(623) Millions of yen March 31 2010 Hedge accounting method Principal items hedged Contract amount Type of derivative Total Over 1 year Fair value Recognition of gain or loss  on the hedging instrument Equity price index swaps: Other securities (equity) Receivable equity index/payable floating rate... ¥ — ¥ — ¥ — Receivable floating rate/payable equity index ... 9,534 9,534 (276) Total .................................................................... / / ¥(276) Millions of U.S. dollars March 31 2011 Hedge accounting method Principal items hedged Contract amount Type of derivative Total Over 1 year Fair value Recognition of gain or loss  on the hedging instrument Equity price index swaps: Other securities (equity) Receivable equity index/payable floating rate ... $ — $ — $— Receivable floating rate/payable equity index ... 259 133 (7) Total .................................................................... / / $ (7) Note: Fair value is calculated using discounted present value. SMFG  2011 121