Suzuki 2008 Annual Report Download - page 39

Download and view the complete annual report

Please find page 39 of the 2008 Suzuki annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 52

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52

38 SUZUKI MOTOR CORPORATION
Short-term bank loans
Secured ........................................................................ ¥ 334 ¥ 734 $ 3,336
Unsecured .................................................................... 196,056 166,501 1,956,842
¥196,390 ¥167,236 $1,960,178
NOTE 6: Short-term bank loans and long-term debt
Short-term bank loans as of March 31, 2008 and 2007 consisted of the following. The annual interest rates of short-
term bank loans as of March 31, 2008 were 0.79 percent to 10.00 percent.
2008 2007 2008
“The zero coupon convertible bonds” are convertible into common stock at the options of holders at the conversion
price of ¥2,000 per share.
“The zero coupon convertible bonds with 130% call option” are convertible into common stock at the options of
holders at the conversion price of ¥3,054 per share.
If the outstanding convertible bonds were fully converted as of March 31, 2008, 63,910,727 additional shares of
common stock would be issued.
As is customary in Japan, both short-term and long-term bank loans are subject to general agreements which provide
that the banks may, under certain circumstances, request additional security for those loans, and may treat any security
furnished to the banks, as well as cash deposited with them, as security for all present and future indebtedness.
Long-term debt as of March 31, 2008 and 2007 consisted of:
Loans maturing through 2018
Secured .................................................................... ¥ 51 —$ 519
Unsecured ................................................................ 74,632 ¥ 58,387 744,908
Unsecured zero coupon convertible bonds with
130% call option in yen due 2013 ............................ 149,975 150,000 1,496,905
Unsecured zero coupon convertible bonds in
yen due 2010 ............................................................ 29,606 29,921 295,498
Secured 9.00 percent Indian Rs. bonds due 2007 etc.....
—1,088 —
¥254,265 ¥239,396 $2,537,831
Less portion due within one year ................................. —(1,088) —
¥254,265 ¥238,308 $2,537,831
2008 2007 2008
Thousands of
U.S. dollars
Millions of yen
Thousands of
U.S. dollars
Millions of yen
Consolidated Financial Statements of 2008