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68 MITSUBISHI MOTORS CORPORATION ANNUAL REPORT 2006
MMC’s consolidated subsidiaries in Japan have not accrued any amount for employees’ bonuses for FY2005
because of a change in the internal rules for the period covered. MMC’s consolidated subsidiaries in Japan accrued
total ¥5,021 million for employees’ bonuses in FY2004.
11. Short-Term Borrowings and Long-Term Debt
Short-term borrowings at March 31, 2006 and 2005 consisted of the following:
In thousands of
In millions of yen U.S. dollars
2006 2005 2006
Loans, principally from banks ¥159,254 ¥236,151 $1,355,700
The weighted average interest rates on short-term borrowings at March 31, 2006 and 2005 were 4.6% and
4.6%, respectively.
Long-term debt at March 31, 2006 and 2005 consisted of the following:
In thousands of
In millions of yen U.S. dollars
2006 2005 2006
Loans, principally from banks and insurance companies,
due through 2023 at interest rates averaging 4.4% in 2006
and 4.0% in 2005:
Secured ¥208,962 ¥173,270 $1,778,859
Unsecured 17,150 24,007 146,000
3.1% bonds due May 28, 2007 (issued May 28,1997) 8,700 8,700 74,061
3.3% bonds due May 28, 2009 (issued May 28,1997) 25,600 25,600 217,927
Euro medium-term notes due 2005 through 2006 at rates 5.0%
(issued April through May, 2003) 3,745 4,243 31,882
Euro medium-term notes due 2005 through 2008 at rates 2.6%
(issued 2003 through 2004) 3,000 4,000 25,538
5.7% to 6.0 % bonds due 2008 through 2009
(issued 2005 through 2006) 21,140 —179,960
1.1% bonds due September 24, 2010
(issued September 26, 2005) 200 —1,702
288,498 239,821 2,455,933
Less current portion (85,108) (41,800) (724,514)
¥203,389 ¥198,020 $1,731,419
(a) 3.1% bonds due May 28, 2007, 3.3% bonds due May 28, 2009, and Euro medium-term notes due through
2008 at rates 2.6% were issued by the parent company.
(b) Euro medium-term notes due through 2006 at rates 5.0% consist of notes were issued by an overseas subsidiary,
MMC International Finance (Netherlands) BV. (Ending balances at FY2005 and FY2004 were 26,225 thousand
euro and 30,555 thousand euro respectively).
(c) 5.7% to 6.0 % bonds due through 2009 consist of notes issued by an overseas subsidiary, Mitsubishi Motors
(Thailand) Co., Ltd. (Ending balance at FY2005 was 7,000,000 thousand baht).
(d) 1.1% bonds due September 24, 2010 were issued by a domestic subsidiary, Suiryo Plastics Co., Ltd.