Konica Minolta 2007 Annual Report Download - page 52

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(2) Other Securities Sold during the year ended March 31,
2006
Millions of yen
Sale value Total profit Total loss
Other securities ¥5,215 ¥1,531 ¥420
(3) Composition and Amounts on the Consolidated Balance
Sheets of Other Securities without Market Values
Millions of yen
Unlisted stocks ¥486
6. Short-Term & Long-Term Debt
Short-term debt was principally unsecured and generally represent
bank overdrafts. The amounts as of March 31, 2007 and 2006
were ¥79,927 million (US$677,061 thousand) and ¥135,362
million, respectively, and the weighted-average interest rates were
approximately 3.3% and 2.2%.
Long-term debt as of March 31, 2007 and 2006 consisted of
the following:
Thousands of
Millions of yen U.S. dollars
March 31 March 31
2007 2006 2007
Bonds
2.975% unsecured
bonds due in 2006 ¥—¥ 5,000 $—
0.20–0.22% unsecured
bonds due in 2006 —8,983 —
2.3% bonds due in 2007 928 76
2.5% bonds due in 2007 928 76
2.4% bonds due in 2007 928 76
2.825% unsecured
bonds due in 2008 5,000 5,000 42,355
Zero coupon convertible
unsecured bonds due
in 2009 30,266 —256,383
Zero coupon convertible
unsecured bonds due
in 2016 40,000 —338,839
Long-term loans
Interest rate 1.0% 74,140 82,131 628,039
Less Current portion (17,105) (22,123) (144,896)
¥132,331 ¥ 79,075 $1,120,974
Zero coupon convertible unsecured bonds due in 2009 and
2016 above are bonds with share subscription rights issued on
December 7, 2006. Details of the share subscription rights are as
follows:
2009 bonds 2016 bonds
Class of stock Common Stock Common Stock
Issue price of shares (Yen) Zero Zero
Initial conversion prices
(Yen/per Share) ¥2,175 ¥2,383
Total issue price
(Millions of yen) ¥30,000 ¥40,000
Ratio of grant a right (%) 100 100
Period share subscription From December From December
rights are to be exercised 21, 2006 to 21, 2006 to
December 1, November 22,
2009 2016
The aggregate annual maturities of long-term debt at March
31, 2007 are as follows:
Amount
Thousands of
Years ending March 31 Millions of yen U.S. dollars
2008 ¥17,105 $144,896
2009 11,446 96,959
2010 42,102 356,645
2011 27,502 232,969
2012 and beyond 51,013 432,130
7. Income Taxes
The income taxes of the Company and its domestic subsidiaries
consist of corporate income taxes, local inhabitants’ taxes and
enterprise taxes.
At March 31, 2007 and 2006, significant components of
deferred tax assets and liabilities are as follows:
Thousands of
Millions of yen U.S. dollars
March 31 March 31
2007 2006 2007
Deferred tax assets:
Accrued retirement
benefits ¥ 28,949 ¥ 32,417 $ 245,227
Net operating tax loss
carried forward 25,244 23,529 213,842
Elimination of unrealized
intercompany profits 18,121 14,807 153,503
Reserve for discontinued
operations 12,901 14,405 109,284
Tax effects related to
investments 8,720 6,054 73,867
Write-down of assets 7,658 11,457 64,871
Accrued bonuses 5,181 5,621 43,888
Depreciation and
amortization 4,298 7,446 36,408
Enterprise taxes 2,148 1,728 18,196
Allowance for doubtful
accounts 986 3,157 8,352
Provision for special
outplacement program —2,638 —
Other 16,194 13,999 137,179
Gross deferred tax assets 130,405 137,265 1,104,659
Valuation allowance (49,902) (52,392) (422,719)
Total deferred tax assets 80,502 84,872 681,931
Deferred tax liabilities:
Unrealized gains on
securities (6,374) (7,689) (53,994)
Retained earnings of
overseas subsidiaries (3,194) (2,185) (27,056)
Gains on securities
contributed to employees’
retirement benefit trust (3,124) (3,161) (26,463)
Special tax-purpose
reserve for condensed
booking of fixed assets (1,086) (1,448) (9,199)
Other (291) (111) (2,465)
Total deferred tax liabilities (14,072) (14,596) (119,204)
Net deferred tax assets ¥ 66,430 ¥ 70,276 $ 562,728
Deferred tax liabilities
related to revaluation:
Deferred tax liabilities
on land revaluation ¥(4,028) ¥ (4,042) $(34,121)