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Annual Report 2011 33
5. INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED SUBSIDIARIES AND AFFILIATES
Investments in and advances to unconsolidated subsidiaries and affiliates at March 31, 2011 and 2010 were as follows:
Investments stated:
By the equity method
At cost or less
Advances
Total
2011 2010 2011
¥ 4,378
1,025
1,437
¥ 6,841
¥ 4,124
1,004
1,881
¥ 7,009
$ 52,746
12,349
17,313
$ 82,421
Millions of yen
Thousands of
U.S. dollars
Loans, principally from banks, at weighted-average interest rates
of 1.6% at March 31, 2011 and 2010, respectively:
Secured
Unsecured
Total
2011 2010 2011
¥ 5,000
68,938
¥ 73,938
¥—
66,122
¥ 66,122
$ 60,240
830,578
$ 890,819
Millions of yen
Thousands of
U.S. dollars
Loans from banks, insurance companies and government agencies,
due through 2018:
Secured
Unsecured
Subtotal
Less: Current portion
Total
2011 2010 2011
¥ 670
77,442
78,112
(44,125)
¥ 33,987
¥ 670
105,674
106,344
(61,307)
¥ 45,036
$ 8,072
933,036
941,108
(531,626)
$ 409,481
Millions of yen
Thousands of
U.S. dollars
6. SHORT-TERM BORROWINGS AND LONG-TERM DEBT
Short-term borrowings at March 31, 2011 and 2010 consisted of the following:
Long-term debt at March 31, 2011 and 2010 is summarized as follows:
At March 31, 2011, ¥5,670 million ($68,313 thousand) of long-term debt and short-term borrowings were collateralized by assets amount-
ing to ¥7,622 million ($91,831 thousand).
As is customary in Japan, both short-term and long-term bank loans are made under general agreements which provide that collateral
and guarantees (or additional collateral or guarantees, as appropriate) with respect to present and future indebtedness be given at the
request of the lending bank, and that the bank shall have the right, as the obligations become due or in the event of default, to offset the
obligations with any cash deposited with the bank.
The aggregate annual maturities of long-term debt subsequent to March 31, 2011 are summarized as follows:
2012
2013
2014
2015
2016 and thereafter
Total
Millions of yen
Thousands of
U.S. dollars
¥ 44,125
17,859
10,793
3,424
1,909
¥ 78,112
$ 531,626
215,168
130,036
41,253
23,000
$ 941,108
The Group has access to substantial sources of funds at numerous banks worldwide. Total unused credit available to the Group at March
31, 2011 was ¥31,861 million ($383,867 thousand).
Year ending March 31,