Omron 1999 Annual Report Download - page 35

33
Thousands of U.S. dollars
1999
Gross Gross
unrealized unrealized Fair
Cost gains losses value
Short-term investments:
Debt securities.................. $ 165 $ — $ — $ 165
Equity securities ............... 5,967 3,298 (719) 8,546
Total short-term investments .. 6,132 3,298 (719) 8,711
Marketable investment
securities:
Debt securities.................. 91 — — 91
Equity securities ............... 322,893 136,876 (52,298) 407,471
Total marketable
investment securities ......... 322,984 136,876 (52,298) 407,562
Total.............................. $329,116 $140,174 $(53,017) $416,173
Net unrealized holding gains on available-for-sale securities, net of related taxes, decreased by ¥1,518 mil-
lion ($12,545 thousand) and ¥3,485 million for the years ended March 31, 1999 and 1998, respectively. Debt
securities classified as available-for-sale investment securities mature in various amounts through 2001.
Proceeds from sales of available-for-sale securities were ¥26,478 million ($218,826 thousand), ¥21,160 mil-
lion and ¥43,671 million for the years ended March 31, 1999, 1998 and 1997, respectively.
Gross realized gains on those sales were ¥3,001 million ($24,802 thousand) and ¥2,828 million for the years
ended March 31, 1999 and 1997, respectively, and were not material for the year ended March 31, 1998.
Gross realized losses were ¥1,275 million ($10,537 thousand) and ¥1,255 million for the years ended March
31, 1999 and 1997, respectively, and were not material for the year ended March 31, 1998.
The weighted average annual interest rates of short-term bank loans at March 31, 1999 and 1998 were 2.5%
and 5.2%, respectively.
Long-term debt at March 31, 1999 and 1998 consisted of the following:
Thousands of
Millions of yen U.S. dollars
1999 1998 1999
Unsecured debt:
Convertible bonds at 1.7%, due 2004...................................................... ¥29,741 ¥29,741 $245,793
Notes:
Loans from banks and other financial institutions,
generally at 0.6% to 6.0%, due serially through 2004............................ 28,794 11,615 237,967
Other ............................................................................................................. 242 610 2,000
Total ...................................................................................................... 58,777 41,966 485,760
Less portion due within one year.................................................................. 2,167 8,466 17,909
Long-term debt, less current portion............................................................ ¥56,610 ¥33,500 $467,851
The annual maturities of long-term debt outstanding at March 31, 1999 were as follows:
Thousands of
Years ending March 31, Millions of yen U.S. dollars
2000 ............................................................................................................................ ¥ 2,167 $ 17,909
2001 ............................................................................................................................ 694 5,736
2002 ............................................................................................................................ 25,551 211,165
2003 ............................................................................................................................ 181 1,496
2004 ............................................................................................................................ 13 107
2005 and thereafter..................................................................................................... 30,171 249,347
Total ........................................................................................................................ ¥58,777 $485,760
5. Bank Loans and
Long-Term Debt