Casio 2001 Annual Report Download - page 28

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26
Interest rate swap and option related derivatives:
Millions of yen
2001 2000
Contract amount Contract amount
Due after Fair Realized Due after Fair Unrealized
Total one year value gain (loss) Total one year value gain (loss)
Interest rate swaps:
Receive fix/Pay float ¥— ¥— ¥— ¥— ¥30,000 ¥30,000 ¥(561) ¥(561)
Receive float/Pay fix ————14,575 13,875 (216) (216)
Receive float/Pay float ————3,000 3,000 (41) (41)
Total ¥— ¥— ¥— ¥— ¥47,575 ¥46,875 ¥(818) ¥(818)
Thousands of
Millions of yen U.S. dollars
2001 2000 2001
1.9% convertible bonds due in 2004 ¥ 23,811 ¥ 23,811 $ 192,024
2.0% bonds due in 2002 50,000 50,000 403,226
2.15% bonds due in 2004 10,000 10,000 80,645
2.05% bonds due in 2005 30,000 30,000 241,935
2.575% bonds due in 2007 10,000 10,000 80,645
Loans principally from banks at interest rates of 1.55% to 2.33%
maturing serially through 2006 5,950 33,445 47,984
Total 129,761 157,256 1,046,459
Less amount due within one year 500 10,372 4,032
¥129,261 ¥146,884 $1,042,427
7. SHORT-TERM BORROWINGS AND LONG-TERM DEBT
An average interest rate of short-term borrowings at
March 31, 2001 was 1.93% per annum. The Group has
had no difficulty in renewing when such renewal has
been considered advisable.
Long-term debt at March 31, 2001 and 2000 consisted of:
8. INCOME TAXES
The Company and its consolidated domestic subsidiaries
were subject to a number of income taxes, which, in the
aggregate, indicated a statutory rate in Japan of
approximately 42.1% for the years ended March 31, 2001 and
2000, respectively.
Year ending March 31 Millions of yen Thousands of U.S. dollars
2002 ¥ 500 $ 4,032
2003 50,500 407,258
2004 25,311 204,121
2005 10,500 84,677
2006 30,500 245,968
Thereafter 12,450 100,403
The annual maturities of long-term debt at March 31, 2001 were as follows:
The indentures covering the 1.9% convertible bonds pro-
vide, among other conditions, for (1) conversion into shares of
common stock at the conversion prices per share of ¥1,502.4
($12.12) (subject to change in certain circumstances), and (2)
redemption at the option of the Company commencing
March 1996 at prices ranging from 107% to 100% of the prin-
cipal amount.
The presentation of U.S. dollars at March 31, 2001 is omitted because there is no information of derivatives required to disclose.