Suzuki 2007 Annual Report Download - page 40

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SUZUKI MOTOR CORPORATION
Short-term bank loans
Secured ................................................................... ¥ 734 ¥ 200 $ 6,223
Unsecured ............................................................... 166,501 125,915 1,410,433
¥167,236 ¥126,115 $1,416,657
NOTE 6: Short-term bank loans and long-term debt
Short-term bank loans as of March 31, 2007 and 2006 consisted of the following. The annual interest rates of
short-term bank loans as of March 31, 2007 were 0.42 percent to 13.35 percent.
2007 2006 2007
“The zero coupon convertible bonds” are convertible into common stock at the options of holders at the
conversion price of ¥2,000 per share.
“The zero coupon convertible bonds with 130% call option” are convertible into common stock at the options of
holders at the conversion price of ¥3,054 per share.
If the outstanding convertible bonds were fully converted as of March 31, 2007, 64,076,413 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, 2007 and 2006 consisted of:
Loans maturing through 2013
Secured ................................................................ ———
Unsecured ............................................................ ¥ 58,387 ¥40,535 $ 494,597
Unsecured zero coupon convertible bonds with
130% call option in yen due 2013 ........................ 150,000 —1,270,648
Unsecured zero coupon convertible bonds in
yen due 2010........................................................ 29,921 29,991 253,460
Secured 9.00 percent Indian Rs. bonds due 2007 etc.
1,088 1,869 9,216
¥239,396 ¥72,395 $2,027,922
Less portion due within one year ............................. (1,088) (801) (9,216)
¥238,308 ¥71,594 $2,018,706
2007 2006 2007
Thousands of
U.S. dollars
Millions of yen
Thousands of
U.S. dollars
Millions of yen
CONSOLIDATED FINANCIAL STATEMENTS OF 2007
40