Suzuki 2009 Annual Report Download - page 38

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SUZUKI MOTOR CORPORATION 37
Short-term loans payable
Secured ........................................................................ ¥ 141 ¥ 334 $ 1,436
Unsecured .................................................................... 398,868 196,056 4,060,561
Lease obligations due within one year .............................. 78 —795
Unsecured zero coupon convertible bonds in yen due 2010
29,605 29,606 301,384
¥428,693 ¥225,996 $4,364,178
Less portion due more than one year ................................ —(29,606) —
¥428,693 ¥196,390 $4,364,178
NOTE 5: Short-term borrowings and long-term debt
Short-term borrowings as of March 31, 2009 and 2008 consisted of the following. The annual interest rates of short-
term borrowings as of March 31, 2009 were 0.59 percent to 14.24 percent.
2009 2008 2009
“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, 2009, 63,910,227 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, 2009 and 2008 consisted of:
Long-term loans payable maturing through 2018
Secured .................................................................... ¥ 42 ¥ 51 $ 428
Unsecured ................................................................ 102,715 74,632 1,045,661
Lease obligations due more than one year .................. 96 —982
Other interest-bearing debts
(Long-term guarantee deposited) ............................ 9,652 9,332 98,259
Unsecured zero coupon convertible bonds with
130% call option in yen due 2013 .................................
149,975 149,975 1,526,773
Unsecured zero coupon convertible bonds in
yen due 2010 .................................................................
—29,606 —
¥262,480 ¥263,597 $2,672,105
2009 2008 2009
Thousands of
U.S. dollars
Millions of yen
Thousands of
U.S. dollars
Millions of yen
Consolidated Financial Statements of 2009