Suzuki 2004 Annual Report Download - page 36

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SUZUKI MOTOR CORPORATION
Short-term bank loans
Secured ................................................................... ¥ 1,284 ¥ 5,077 $ 12,155
Unsecured ............................................................... 94,403 98,499 893,208
¥ 95,687 ¥103,576 $905,364
5. Short-term bank loans and long-term debt
Short-term bank loans as of March 31, 2004 and 2003 consisted of the following. The annual
interest rates of short-term bank loans as of March 31, 2004 were 0.24 percent to 9.81 percent.
2004 2003 2004
The zero coupon convertible bonds are convertible into common stock at the options of
holders at the conversion price of ¥2,000 per share.
If the outstanding convertible bonds were fully converted as of March 31, 2004, 15,000,000
additional shares of common stock would be issued.
As is customary in Japan, both short-term and long-term bank loans are subject to general
agreements which provide that the banks may, under certain circumstances, request additional
security for those loans, and may treat any security furnished to the banks, as well as cash
deposited with them, as security for all present and future indebtedness.
Long-term debt as of March 31, 2004 and 2003 consisted of:
Loans maturing through 2010
Secured ................................................................ ¥ 264 ¥ 20 $ 2,501
Unsecured ............................................................ 3,896 5,218 36,870
Unsecured 0.89 percent yen bonds due 2003 ....... —5,000 —
Unsecured 1.13 percent yen bonds due 2004 ....... 10,000 10,000 94,616
Unsecured 0.33 percent yen bonds due 2004 ....... 5,000 5,000 47,308
Unsecured zero coupon convertible bonds
in yen due 2010 .................................................... 30,000 30,000 283,848
Secured 11.20 percent Indian Rs. bonds due 2007 4,900 5,150 46,362
Secured 9.00 percent Indian Rs. bonds due 2007 2,450 2,570 23,181
¥56,511 ¥62,948 $534,688
Less portion due within one year ............................. (17,750) (6,280) (167,945)
¥38,761 ¥56,668 $366,743
2004 2003 2004
Thousands of
U.S. dollars
Millions of yen
Thousands of
U.S. dollars
Millions of yen
36
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS