Bridgestone 2004 Annual Report Download - page 43

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41
Financial Section
Millions of yen
2003
Cost Unrealized gains Unrealized losses Fair value
Securities classified as:
Available-for-sale:
Equity securities ¥46,309 ¥138,324 ¥(239) ¥184,394
Debt securities 5,000 4 — 5,004
Thousands of U.S. dollars
2004
Cost Unrealized gains Unrealized losses Fair value
Securities classified as:
Available-for-sale:
Equity securities $447,769 $1,521,696 $(451) $1,969,014
Debt securities 28,788 345 —29,133
Available-for-sale securities whose fair value is not readily determinable at December 31, 2004 and 2003 are mainly as follows:
Carrying amount
Thousands of
Millions of yen U.S. dollars
2004 2003 2004
Available-for-sale:
Equity securities ¥4,950 ¥4,924 $47,500
Proceeds from sales of available-for-sale securities for the years ended December 31, 2004, 2003 and 2002 are ¥5,754 million
($55,215 thousand), ¥3,769 million and ¥974 million, respectively. Gross realized gains and losses on these sales, computed on the
moving average cost basis, are ¥95 million ($912 thousand) and ¥78 million ($748 thousand), respectively, for the year ended
December 31, 2004, ¥309 million and ¥392 million, respectively, for the year ended December 31, 2003 and ¥199 million and ¥158 mil-
lion, respectively, for the year ended December 31, 2002.
The carrying values of debt securities by contractual maturities for securities classified as available-for-sale at December 31, 2004 are
as follows:
Thousands of
Millions of yen U.S. dollars
Available-for-sale:
Debt securities:
Due 2005 ——
Due 2006 to 2009 ¥3,036 $29,133
Due 2010 to 2014 ——
Due 2015 and thereafter ——
Total ¥3,036 $29,133
NOTE 6—SHORT-TERM AND LONG-TERM DEBT
Short-term debt at December 31, 2004 and 2003 consists of the following:
Thousands of
Millions of yen U.S. dollars
2004 2003 2004
Short-term bank loans, weighted average interest rate of 3.7%
at December 31, 2004 and 3.5% at December 31, 2003 ¥70,175 ¥74,394 $673,400
Commercial paper, weighted average interest rate of 2.3% at December 31, 2004 1,409 —13,521
Unsecured Euro Medium Term Notes due 2003–2004 with interest ranging
from 0.0% to 0.1% at December 31, 2004 and December 31, 2003 8,351 10,928 80,136
Total ¥79,935 ¥85,322 $767,057