Suzuki 2006 Annual Report Download - page 38

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SUZUKI MOTOR CORPORATION
Short-term bank loans
Secured ................................................................... ¥ 200 ¥ 478 $ 1,702
Unsecured ............................................................... 125,915 84,775 1,071,892
¥126,115 ¥85,253 $1,073,595
NOTE 5: Short-term bank loans and long-term debt
Short-term bank loans as of March 31, 2006 and 2005 consisted of the following. The annual
interest rates of short-term bank loans as of March 31, 2006 were 0.17 percent to 8.43 percent.
2006 2005 2006
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, 2006, 14,995,500
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, 2006 and 2005 consisted of:
Loans maturing through 2010
Secured ................................................................ ———
Unsecured ............................................................ ¥40,535 ¥ 1,002 $345,072
Unsecured zero coupon convertible bonds
in yen due 2010 .................................................... 29,991 30,000 255,307
Secured 11.20 percent Indian Rs. bonds due 2007 —4,980 —
Secured 9.00 percent Indian Rs. bonds due 2007 etc.
1,869 2,490 15,910
¥72,395 ¥38,472 $616,290
Less portion due within one year ............................. (801) (502) (6,818)
¥71,594 ¥37,970 $609,472
2006 2005 2006
Thousands of
U.S. dollars
Millions of yen
Thousands of
U.S. dollars
Millions of yen
CONSOLIDATED FINANCIAL STATEMENTS OF 2006
38