Honda 2009 Annual Report Download - page 64

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Finance Subsidiaries—Receivables
2008 2009
Yen (millions) Yen (millions)
Expected maturity date
Average
interest
rateTotal Fair value Total Within 1 year 1-2 year 2-3 year 3-4 year 4-5 year Thereafter Fair value
Direct fi nancing leases
*1
JP¥ ¥ 23,580 — ¥ 24,720 14,156 5,364 3,035 1,438 725 2 — 4.83%
US$ 657,278 — 199,172 179,717 19,115 339 1 — — — 6.00%
Other 531,776 —475,409 136,583 144,600 110,581 71,899 11,729 17 —3.92%
Total—Direct Financing Leases ¥1,212,634 —¥ 699,301 330,456 169,079 113,955 73,338 12,454 19 —
Other Finance Receivables:
JP¥ ¥ 441,695 437,032 ¥ 450,177 150,408 114,770 83,856 51,594 31,828 17,721 445,588 4.83%
US$ 2,515,518 2,645,690 2,561,667 904,796 577,081 494,761 375,378 175,880 33,771 2,481,293 5.55%
Other 610,201 524,144 504,599 234,525 121,639 82,669 45,841 17,083 2,842 499,198 6.10%
Total—Other Finance Receivables ¥3,567,414 3,606,866 ¥3,516,443 1,289,729 813,490 661,286 472,813 224,791 54,334 3,426,079
Retained interest in securitizations
*2
54,636 54,636 45,648 45,648
Total
*3
¥4,834,684 ¥4,261,392
*1 : Under U.S. generally accepted accounting principles, disclosure of fair values of direct fi nancing leases is not required.
*2 : The retained interest in securitizations is accounted for as “trading” securities and is reported at fair value.
*3 : The fi nance subsidiaries—receivables include fi nance subsidiaries—receivables included in trade receivables and other assets in the consolidated balance sheets.
Long-Term Debt (including current portion)
2008 2009
Yen (millions) Yen (millions)
Expected maturity date
Average
interest Total Fair value Total Within 1 year 1-2 year 2-3 year 3-4 year 4-5 year Thereafter Fair value
Japanese yen bonds
¥ 250,080 251,166 ¥ 260,000 60,000 60,000 70,000 30,000 40,000 — 290,411 1.18%
Japanese yen medium-term notes (Fixed rate)
321,600 324,504 220,263 74,645 77,425 33,650 25,113 6,452 2,978 213,717 1.18%
Japanese yen medium-term notes (Floating rate)
165,000 166,308 125,865 20,647 28,687 16,378 58,168 1,985 — 118,553 1.01%
U.S. dollar medium-term notes (Fixed rate)
274,346 286,869 390,098 73,511 50,968 34,305 — 143,101 88,213 359,107 5.57%
U.S. dollar medium-term notes (Floating rate)
1,005,456 1,010,974 796,545 632,125 65,915 98,505———780,050 1.45%
Loans and others—primarily fi xed rate
691,220 701,228 1,117,389 116,595 320,430 181,361 219,545 274,580 4,878 1,023,938 3.92%
Total
¥2,707,702
2,741,049 ¥2,910,160 977,523 603,425 434,199 332,826 466,118 96,069 2,785,776
Interest Rate Swaps
2008 2009
Yen (millions) Yen (millions)
Notional
principal
currency
Expected maturity date
Average
receive
rate
Average
pay
rateReceive/Pay Contract
amounts Fair value Contract
amount Within 1 year 1-2 year 2-3 year 3-4 year 4-5 year Thereafter Fair value
JP¥ Float/Fix ¥ 2,330 (4) ¥ 510 110 400 — — — — (3) 1.02% 1.55%
US$ Float/Fix 2,885,355 (81,730) 2,866,860 1,226,632 938,069 562,758 119,804 19,597 — (88,322) 1.34% 3.95%
Fix/Float 403,333
1
3,135 599,600 146,528 112,343 58,373 1,418 192,531 88,407 36,867 5.35% 2.81%
Float/Float 67,127 (36) 24,558 24,558 — — — — — (76) 1.12% 1.56%
CA$ Float/Fix 658,179 (9,924) 570,945 206,140 166,961 104,088 70,434 22,847 475 (25,298) 0.85% 3.69%
Fix/Float 154,287 4,418 210,427 7,714 39,022 46,769 46,769 70,153 — 17,372 5.22% 2.03%
Float/Float 100,876 (325) 32,222 21,901 10,321 — — — — (143) 0.64% 1.00%
GBP Float/Fix 23,469 83 22,002 11,377 10,625 — — — — (691) 2.33% 5.00%
Total ¥4,294,956 (74,383) ¥4,327,124 1,644,960 1,277,741 771,988 238,425 305,128 88,882 (60,294)
Annual Report 2009
62