2) Interest-related transactions Millions of yen Notional  Unrealized Fiscal year 2003  (As of Mar. 31, 2004) amount Fair value gain (loss) Interest rate swaps: Receive/floating and pay/fixed ........................................................... ¥187,454 ¥ (851) ¥ (851) Receive/fixed and pay/floating ........................................................... 186,223 4,398 4,398 Options: Caps sold ................................................................................................................ ¥445,376 (Premium) .............................................................................................................. (—) (4,219) (4,219) Caps purchased ................................................................................................ ¥445,376 (Premium) .............................................................................................................. (—) 4,219 4,219 Total ..................................................................................................................................... — — ¥3,547 Note: The notional amounts of the interest rate swaps and options presented above exclude those for which the deferral hedge accounting has been applied. FINANCIAL SECTION Nissan Annual Report 2004 91 Millions of yen Thousands of U.S. dollars Notional  Unrealized Notional  Unrealized Fiscal year 2004 (As of Mar. 31, 2005) amount Fair value gain (loss) amount Fair value gain (loss) Interest rate swaps: Receive/floating and pay/fixed ........................................................... ¥185,695 ¥2,774 ¥2,774 $1,735,467 $25,925 $25,925 Receive/fixed and pay/floating ........................................................... 192,885 3,287 3,287 1,802,664 30,720 30,720 Options: Caps sold ................................................................................................................ ¥441,875 $4,129,673 (Premium) .............................................................................................................. (—) (7,289) (7,289) (—) (68,121) (68,121) Caps purchased ................................................................................................ ¥441,875 $4,129,673 (Premium) .............................................................................................................. (—) 7,289 7,289 (—) 68,121 68,121 Total ..................................................................................................................................... — — ¥6,061 — — $56,645