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## 18. Contingent Liabilities 

Contingent liabilities at March 31, 2003 were as follows: 

<img src='content_image/101432.jpg'>

## 19. Derivative Financial Instruments 

In the normal course of business, the Company and consolidated subsidiaries employ derivative financial instruments, including foreign exchange forward contracts and interest rate swaps, to manage their exposure to fluctuations in foreign currency exchange rates and interest rates. The Company and consol- idated subsidiaries do not use derivatives for speculative or trading purposes. Fair value information of the derivative financial instruments at March 31, 2003 and 2002 was as follows: 

(1) Foreign currency contracts: 

(a) As of March 31, 2003: 

<img src='content_image/101436.jpg'>

(b) As of March 31, 2002: 

<img src='content_image/101437.jpg'>

The amounts in [brackets] are the carrying amounts of the premium on the option recorded as other current assets or liabilities. 

