Mazda 2007 Annual Report Download - page 72
Download and view the complete annual report
Please find page 72 of the 2007 Mazda annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.66
Long-term debt at March 31, 2007 and 2006 consisted of the following:
Thousands of
Millions of yen U.S. dollars
2006 2005 2006
As of March 31, 2007 March 31, 2006 March 31, 2007
Domestic unsecured bonds due serially 2006 through
2013 at rates of 0.51% to 1.65% per annum ¥105,200 ¥065,400 $0,891,525
Domestic unsecured convertible bonds with stock
acquisition rights due 2007 with no interest 1,131 3,437 9,585
Loans principally from banks and insurance companies:
Secured loans, maturing through 2020 44,932 57,932 380,780
Unsecured loans, maturing through 2017 253,081 246,506 2,144,755
404,344 373,275 3,426,644
Amount due within one year (63,495) (62,573) (538,093)
¥340,849 ¥310,702 $2,888,551
The annual interest rates applicable to long-term loans outstanding averaged 2.3% for loan due within
one year and 1.7% for loan due after one year at March 31, 2007. And 2.4% for loan due within one
year and 1.6% for loans due after one year at March 31, 2006.
As is customary in Japan, security must be provided if requested by a lending bank. Such a bank has
the right to offset cash deposited with it against any debt or obligation that becomes due and, in the
case of default or certain other specified events, against all debts payable to the bank. The Company
has never received any such requests.
The exercise price of the domestic unsecured convertible bonds with stock acquisition rights is ¥306.
The annual maturities of long-term debt at March 31, 2007 were as follows:
Thousands of
Year ending March 31 Millions of yen U.S. dollars
2008 ¥063,495 $0,538,093
2009 53,440 452,881
2010 19,662 166,627
2011 38,379 325,246
2012 45,332 384,169
Thereafter 184,036 1,559,628
¥404,344 $3,426,644
The assets pledged as collateral for short-term debt of ¥42,588 million ($360,915 thousand) and long-
term debt of ¥44,932 million ($380,780 thousand) at March 31, 2007 were as follows:
Thousands of
Millions of yen U.S. dollars
Property, plant and equipment, at net book value ¥463,082 $3,924,424
Other 60 508
¥463,142 $3,924,932
9. Employees’Severance and Retirement Benefits
The liabilities for severance and retirement benefits included in the liability sections of the consolidated
balance sheets as of March 31, 2007 and 2006 consisted of the following: