Nissan 2007 Annual Report Download - page 61

The annual weighted-average interest rates applicable to short-term borrowings and current portion of long-term debt excluding lease obligations
outstanding at March 31, 2007 and 2006 were 3.1% and 2.8%, respectively.
The annual weighted-average interest rates applicable to current portion of lease obligations outstanding at March 31, 2007 were 1.3%.
At March 31, 2007 and 2006, long-term debt consisted of the following:
Thousands of
Millions of yen U.S. dollars
2006 2005 2006
As of Mar. 31, 2007 Mar. 31, 2006 Mar. 31, 2007
Debt with collateral:
Loans from banks and other financial institutions due
through 2011 with weighted-average interest rate of 4.8% ....................................................... ¥1,423,586 ¥1,583,358 $12,064,288
Debt without collateral:
Loans from banks and other financial institutions due
through 2026 with weighted-average interest rate of 2.9% ....................................................... 718,923 680,536 6,092,568
Bonds in yen due through 2010 at rates ranging from 0.4% to 2.4%................................... 557,977 642,980 4,728,619
Straight Bonds in U.S. dollars due through 2011 at rates ranging from 4.6% to 5.6%
............ 206,391 205,573 1,749,076
Medium-term notes in U.S. dollars due through 2008
at rates ranging from 5.4% to 5.6%................................................................................................................. 11,159 29,711 94,568
Euro medium-term notes in U.S. dollars and Euro due
through 2006 at rates ranging from 4.1% to 4.7%............................................................................. —15,416 —
Medium-term notes in Mexican pesos due
through 2011 at rates ranging from 7.4% to 7.8%............................................................................. 53,650 —454,661
Other.............................................................................................................................................................................................. 1,689 3,346 14,313
Lease obligations ......................................................................................................................................................................... 109,561 130,231 928,483
............................................................................................................................................................................................................ 3,082,936 3,291,151 26,126,576
Less current portion................................................................................................................................................................... 1,126,275 1,065,548 9,544,703
............................................................................................................................................................................................................ ¥1,956,661 ¥2,225,603 $16,581,873
The maturities of long-term debt excluding lease obligations are summarized as follows:
Thousands of
Year ending Mar. 31, Millions of yen U.S. dollars
2008............................................................................................................................................................................................................................................... ¥1,075,854 $ 9,117,407
2009............................................................................................................................................................................................................................................... 739,319 6,265,415
2010............................................................................................................................................................................................................................................... 636,846 5,397,000
2011 and thereafter.......................................................................................................................................................................................................... 521,576 4,420,136
............................................................................................................................................................................................................................................................. ¥2,973,595 $25,199,958
The discounts on bonds of ¥220 million ($1,864 thousand) at March 31, 2007 are reported in the consolidated balance sheet as a direct deduction
from the face amount of the bonds.
The maturities of lease obligations are summarized as follows:
Thousands of
Year ending Mar. 31, Millions of yen U.S. dollars
2008............................................................................................................................................................................................................................................... ¥ 50,421 $427,297
2009............................................................................................................................................................................................................................................... 22,839 193,551
2010............................................................................................................................................................................................................................................... 10,486 88,864
2011 and thereafter.......................................................................................................................................................................................................... 25,815 218,771
............................................................................................................................................................................................................................................................. ¥109,561 $928,483
The assets pledged as collateral for short-term borrowings of ¥612,193 million ($5,188,076 thousand) and long-term debt of ¥1,422,841
million ($12,057,975 thousand) at March 31, 2007 were as follows:
Thousands of
Millions of yen U.S. dollars
Receivables............................................................................................................................................................................................................................... ¥1,378,786 $11,684,627
Property, plant and equipment, at net book value ..................................................................................................................................... 1,057,988 8,966,000
Other assets ............................................................................................................................................................................................................................. 445 3,771
............................................................................................................................................................................................................................................................. ¥2,437,219 $20,654,398
In addition to the above, at March 31, 2007, finance receivables of ¥55,066 million ($466,661 thousand) which have been eliminated from the
accompanying consolidated balance sheet were pledged as collateral for short-term borrowings of ¥54,957 million ($465,737 thousand).
Nissan Annual Report 2006-2007 59
FINANCIAL SECTION»