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65Seiko Epson Annual Report 2005
9. Short-term bank loans and long-term debt
Short-term bank loans and long-term debt from banks at March 31, 2004 and 2005 consisted of the following:
Thousands of
Millions of yen U.S. dollars
March 31 March 31,
2004 2005 2005
Weighted
average
Amount interest rate Last due on
Short-term bank loans ¥ 62,851 ¥ 30,236 0.97% September 30, 2005 $ 281,553
Current portion of long-term debt 47,380 104,642 1.00 March 31, 2006 974,411
Long-term debt 346,769 259,919 1.33 July 31, 2011 2,420,328
Total ¥457,000 ¥394,797 $3,676,292
Average interest rates are calculated using weighted-average interest rates as at March 31, 2005.
The maturities of long-term debt outstanding as at March 31, 2005 were as follows:
Thousands of
Year ending March 31 Millions of yen U.S. dollars
2006 ¥104,642 $ 974,411
2007 106,500 991,712
2008 87,500 814,787
2009 54,092 503,697
2010 3,148 29,314
Thereafter 8,679 80,818
Total ¥364,561 $3,394,739
Assets pledged as collateral for secured loans and debt at March 31, 2004 and 2005 were as follows:
Thousands of
Millions of yen U.S. dollars
March 31 March 31,
Pledged assets 2004 2005 2005
Buildings and structures ¥1,457 ¥– $–
Machinery and equipment 370 ––
Furniture and fixtures 18 ––
Land 386 ––
Total ¥2,231 ¥– $–
Thousands of
Millions of yen U.S. dollars
March 31 March 31,
Secured loans and debt 2004 2005 2005
Current portion of long-term debt ¥30 ¥– $–
In the year ended March 31, 2005, the Company entered into line of credit agreements with thirteen banks for an
aggregate maximum amount of ¥80,000 million ($744,948 thousand). As at March 31, 2005, there were unused
credit lines of ¥80,000 million ($744,948 thousand) outstanding and available.