Fujitsu 2008 Annual Report Download - page 105

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*2 The contents of convertible bonds at March 31, 2008
Zero coupon unsecured
convertible bonds due 2009
Unsecured convertible bonds
due 2010
Unsecured convertible bonds
due 2011
Date issued 2002/5/27 2007/8/31 2007/8/31
Stock to be issued Common Stock Common Stock Common Stock
Issue price of subscription rights to shares Zero Zero Zero
Conversion price of the bonds (Yen) 1,201 900 900
Total issue price (Million Yen) 250,000 100,000 100,000
Total issue price of stock issued by the exercise of
subscription rights to shares (Million Yen) ———
Subscription of rights to shares granted (%) 100 100 100
Exercisable periods of subscription rights to shares 2002/6/10– 2009/5/28– 2009/5/28–
2009/5/13 2010/5/24 2011/5/24
The aggregate annual maturities of long-term debt subsequent to March 31, 2008 are summarized as follows:
Years ending March 31
Yen
(millions)
U.S. Dollars
(thousands)
2009 ¥110,641 $1,106,410
2010 305,872 3,058,720
2011 160,228 1,602,280
2012 125,314 1,253,140
2013 and thereafter 135,695 1,356,950
Total ¥837,750 $8,377,500
Convertible bonds are treated solely as liabilities and value inherent in their conversion feature is not recognized
as equity in accordance with accounting principles and practices generally accepted in Japan. The total amount of
the convertible bonds has been included in “long-term debt.”
Assets pledged as collateral for short-term borrowings and long-term debt at March 31, 2007 and 2008 are
principally presented below:
Yen
(millions)
U.S. Dollars
(thousands)
At March 31 2007 2008 2008
Property, plant and equipment, net ¥2,765 ¥2,651 $26,510
As is customary in Japan, substantially all loans from banks (including short-term loans) are made under bank
transaction agreements which stipulate that, at the request of the banks, the borrower is required to provide
collateral or guarantors (or additional collateral or guarantors, as appropriate) with respect to such loans, and that
all assets pledged as collateral under such agreements will be applicable to all present and future indebtedness
to the banks concerned. These bank transaction agreements further stipulate that the banks have the right to
offset deposits at the banks against indebtedness which matures or becomes due prematurely by default owed
to the banks.
103
ANNUAL REPORT 2008FUJITSU LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS