Sharp 2006 Annual Report Download - page 47

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SHARP ANNUAL REPORT 2006 46
As is customary in Japan, substantially all of the bank borrow-
ings are subject to general agreements with each bank which pro-
vide, among other things, that security and guarantees for present
and future indebtedness will be given upon request of the bank, and
that any collateral so furnished will be applicable to all indebtedness
to that bank. To date, the Company has not received such requests
from its banks. In addition, the agreements provide that the bank has
the right to offset cash deposited against any short-term or long-term
debt that becomes due, and in case of default and certain other spec-
ified events, against all other debts payable to the bank.
The aggregate annual maturities of long-term debt as of March 31, 2006 were as follows:
2008.............................................................................................................................................
2009.............................................................................................................................................
2010.............................................................................................................................................
2011.............................................................................................................................................
2012 and thereafter.......................................................................................................................
$ 828,155
396,940
50,965
427,465
378,759
$ 2,082,284
¥ 96,066
46,045
5,912
49,586
43,936
¥ 241,545
U.S. Dollars
(thousands)
Yen
(millions)
Year ending March 31