Mazda 2010 Annual Report Download - page 65

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63
                      
production, resulting in an impairment loss of ¥372 million ($4,000 thousand) and ¥23,678 million, respectively, in the
consolidated statement of operations. As a result, the total impairment loss that was recognized in the consolidated
statement of operations for the years ended March 31, 2010 and 2009 amounted to ¥2,495 million ($26,828
thousand) and ¥28,262 million, respectively.
 
Short-term debt as of March 31, 2010 and 2009 consisted of loans, principally from banks with interest averaging
1.26% and 1.50% for the respective years.
Long-term debt as of March 31, 2010 and 2009 consisted of the following:
Thousands of
Millions of yen U.S. dollars
As of March 31 2010 2009 2010
Domestic unsecured bonds due serially 2009 through 2016
at rates of 0.56% to 1.87% per annum ¥ 95,950(a) ¥ 95,000 $1,031,721
Loans principally from banks:
Secured loans, maturing through 2020 67,870 66,433 729,785
Unsecured loans, maturing through 2018 431,587 407,479 4,640,720
Lease obligations, maturing through 2039 45,885 57,224 493,387
641,292 626,136 6,895,613
Amount due within one year (85,009) (61,613) (914,075)
¥556,283 ¥564,523 $5,981,538
(a) As of March 31, 2010, certain of these unsecured bonds amounting to ¥950 million ($10,215 thousand) are bank-guaranteed under the condition that assets
are pledged to the bank as collateral by the issuer of the bonds.
The annual interest rates applicable to long-term loans and lease obligations outstanding averaged 1.50% and
2.80%, respectively, for obligations due within one year and 1.70% and 3.24%, respectively, for obligations due after
one year at March 31, 2010.
The annual interest rates applicable to long-term loans and lease obligations outstanding averaged 1.68% and
3.76%, respectively, for obligations due within one year and 1.86% and 4.39%, respectively, for obligations due after
one year at March 31, 2009.
As is customary in Japan, general agreements with banks include provisions that security and guarantees will be
provided if requested by banks. Banks have the right to offset cash deposited with them against any debt or obligation
that becomes due and, in the case of default or certain other specified events, against all debts payable to banks.
The annual maturities of long-term debt at March 31, 2010 were as follows:
Thousands of
Year ending March 31 Millions of yen U.S. dollars
2011 ¥ 85,009 $ 914,075
2012 173,416 1,864,688
2013 90,311 971,086
2014 95,268 1,024,387
2015 76,280 820,215
Thereafter 121,008 1,301,162
¥641,292 $6,895,613
The assets pledged as collateral for short-term debt of ¥34,389 million ($369,774 thousand) and ¥53,690 million
and long-term debt of ¥68,820 million ($740,000 thousand) and ¥66,433 million at March 31, 2010 and 2009,
respectively, were as follows:
Thousands of
Millions of yen U.S. dollars
As of March 31 2010 2009 2010
Property, plant and equipment, at net book value ¥431,020 ¥458,911 $4,634,624
Other 33 5,079 354
¥431,053 ¥463,990 $4,634,978
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