Mazda 2008 Annual Report Download - page 77

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Long-term debt at March 31, 2008 and 2007 consisted of the following:
Thousands of
Millions of yen U.S. dollars
As of March 31 2008 2007 2008
Domestic unsecured bonds due serially 2007 through 2014
at rates of 0.70% to 1.87% per annum ¥105,000 ¥105,200 $1,050,000
Domestic unsecured convertible bonds with stock acquisition rights
due 2007 with no interest — 1,131 —
Loans principally from banks and insurance companies:
Secured loans, maturing through 2020 39,121 44,932 391,210
Unsecured loans, maturing through 2017 255,413 253,081 2,554,130
Lease obligations, maturing through 2017 35,594 — 355,940
435,128 404,344 4,351,280
Amount due within one year (66,024) (63,495) (660,240)
¥369,104 ¥340,849 $3,691,040
The annual interest rates applicable to long-term loans and lease obligations outstanding averaged 2.0% and
3.0% for obligations due within one year and 1.7% and 3.0% for obligations due after one year at March 31, 2008.
And 2.3% for obligations due within one year and 1.7% for obligations due after one year at March 31, 2007.
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, 2008 were as follows:
Thousands of
Year ending March 31 Millions of yen U.S. dollars
2009 ¥ 52,935 $ 529,350
2010 19,115 191,150
2011 38,838 388,380
2012 65,785 657,850
2013 54,368 543,680
Thereafter 168,493 1,684,930
¥399,534 $3,995,340
The annual maturities of lease obligations at March 31, 2008 were as follows:
Thousands of
Year ending March 31 Millions of yen U.S. dollars
2009 ¥13,089 $130,890
2010 10,546 105,460
2011 5,683 56,830
2012 3,798 37,980
2013 1,215 12,150
Thereafter 1,263 12,630
¥35,594 $355,940
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