Nissan 2005 Annual Report Download - page 83

The annual weighted-average interest rates applicable to short-term borrowings except for lease obligation outstanding at March 31, 2005 and
2004 were 2.1% and 1.8%, respectively.
At March 31, 2005 and 2004, long-term debt consisted of the following:
Thousands of
Millions of yen U.S. dollars
2004 2003 2004
As of Mar. 31, 2005 Mar. 31, 2004 Mar. 31, 2005
Debt with collateral:
Loans from banks and other financial institutions due
through 2009 with weighted-average interest rate of 2.9% ....................................................... ¥1,351,212 ¥1,257,157 $12,628,150
Debt without collateral:
Loans from banks and other financial institutions due
through 2022 with weighted-average interest rate of 1.5% ....................................................... 658,823 441,125 6,157,224
Bonds in yen due through 2010 at rates ranging
from 0.4% to 3.6%.......................................................................................................................................................... 551,960 685,340 5,158,505
Straight Bonds in U.S. dollars due 2010 at 4.6% .................................................................................... 80,543 —752,738
Medium-term notes in U.S. dollars due through 2008
at rates ranging from 2.6% to 3.3%................................................................................................................. 43,327 51,237 404,925
Euro medium-term notes in U.S. dollars and
Euro due through 2006 at rates ranging from 1.6% to 2.8%..................................................... 13,574 13,825 126,860
Floating rate bonds with warrants in yen due 2004............................................................................... —172,800 —
Other.............................................................................................................................................................................................. 3,735 —34,907
Lease obligation................................................................................................................................................................... 154,876 134,643 1,447,439
..................................................................................................................................................................................................................... 2,858,050 2,756,127 26,710,748
Less current portion................................................................................................................................................................... 894,877 1,061,334 8,363,337
..................................................................................................................................................................................................................... ¥1,963,173 ¥1,694,793 $18,347,411
The maturities of long-term debt except for lease obligation are summarized as follows:
Thousands of
Year ending Mar. 31, Millions of yen U.S. dollars
2006............................................................................................................................................................................................................................................... ¥ 836,545 $ 7,818,178
2007............................................................................................................................................................................................................................................... 412,414 3,854,336
2008............................................................................................................................................................................................................................................... 600,105 5,608,458
2009 and thereafter.......................................................................................................................................................................................................... 854,110 7,982,337
¥2,703,174 $25,263,309
The assets pledged as collateral for short-term borrowings of ¥449,020 million ($4,196,449 thousand) and long-term debt of ¥1,351,212
million ($12,628,150 thousand) at March 31, 2005 were as follows:
Thousands of
Millions of yen U.S. dollars
Short-term investments................................................................................................................................................................................................... ¥ 161 $ 1,505
Receivables............................................................................................................................................................................................................................... 1,318,927 12,326,420
Property, plant and equipment, at net book value ..................................................................................................................................... 789,418 7,377,738
Other assets ............................................................................................................................................................................................................................. 699 6,533
¥2,109,205 $19,712,196
FINANCIAL SECTION
Nissan Annual Report 2004 81
In addition to the above, at March 31, 2005, investments in consolidated subsidiaries of ¥1,036 million ($9,682 thousand) were pledged as
collateral for long-term debt of affiliates of ¥472 million ($4,411 thousand), which has not been reflected in the accompanying consolidated
balance sheet.