Brother International 2010 Annual Report Download - page 31

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7. Short-term Borrowings and Long-term Debt
Short-term borrowings at March 31, 2010 and 2009 consisted of the following:
Millions of Yen
Thousands of
U.S. Dollars
2010 2009 2010
Loans principally from banks with weighted average
interest rates of 0.59%
(1.28% in 2009) ¥ 6,337 ¥ 9,858 $ 68,140
Long-term debt at March 31, 2010 and 2009 consisted of the following:
Millions of Yen
Thousands of
U.S. Dollars
2010 2009 2010
Fourth unsecured 1.68% domestic bonds, due 2012 *1 ¥ 15,000 ¥ 15,000 $ 161,290
Fifth unsecured 1.97% domestic bonds, due 2011 *2 500 500 5,376
Loans principally from banks, due serially to 2015 with interest rates ranging from 1.06% to
2.80% (from 1.26% to 2.24% in 2009):
Unsecured 5,107 5,044 54,914
Lease obligations 4,530 948,710
Total 25,137 20,553 270,290
Less: current portion (6,952) (49) (74,752)
Long-term debt, less current portion ¥ 18,185 ¥ 20,504 $ 195,538
*1 : Issued by the Company
*2 : Issued by Brother Real Estate, Ltd.
Annual maturities of long-term debt at March 31, 2010 were as follows:
Year ending March 31 Millions of Yen
Thousands of
U.S. Dollars
2011 ¥ 6,952 $ 74,752
2012 2,049 22,033
2013 15,813 170,032
2014 275 2,957
2015 48 516
Total ¥ 25,137 $ 270,290
The carrying amounts of assets pledged as collateral for other current liabilities of ¥28 million ($301 thousand) and other long-term liabilities of
¥310 million ($3,333 thousand) at March 31, 2010 were as follows:
Millions of Yen
Thousands of
U.S. Dollars
Buildings and structures,
net of accumulated depreciation ¥ 243 $ 2,613
Land 123 1,323
Investment securities 46 494
Total ¥ 412 $ 4,430
8. Retirement and Pension Plans
The liability for retirement benefits in the accompanying consolidated balance sheets consisted of retirement allowances for directors and corpo-
rate auditors of ¥156 million ($1,677 thousand) and ¥285 million at March 31, 2010 and 2009, respectively, and employees’ retirement benefits of
¥7,032 million ($75,613 thousand) and ¥5,860 million at March 31, 2010 and 2009, respectively.
29Brother Annual Report 2010