Suzuki 2011 Annual Report Download - page 46

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SUZUKI MOTOR CORPORATION 45
NOTE 5: Short-term borrowings and long-term debt
Short-term borrowings as of March 31, 2011 and 2010 consisted of the following. The annual interest rates of short-term borrow-
ings as of March 31, 2011 were from 0.28 percent to 13.80 percent.
“The zero coupon convertible bonds with 130% call option” are convertible into common stock at the options of holders at the
conversion price of ¥3,020.20 per share.
If the outstanding convertible bonds were fully converted as of March 31, 2011, 49,657,307 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.
Millions of yen
Thousands of
U.S. dollars
2011 2010 2011
Short-term loans payable and current portion of long term
loans payable
Secured .............................................................................. ¥ — ¥ 191 $ —
Unsecured ......................................................................... 238,274 260,746 2,865,601
Lease obligations due within one year ................................. 61 72 738
¥238,336 ¥261,010 $2,866,340
Consolidated Financial Statements
Long-term debt as of March 31, 2011 and 2010 consisted of the following:
Millions of yen
Thousands of
U.S. dollars
2011 2010 2011
Long-term loans payable maturing through 2016
Secured .............................................................................. ¥ 276 ¥ 1 $ 3,328
Unsecured ......................................................................... 96,056 136,102 1,155,218
Lease obligations due more than one year .......................... 71 66 862
Other interest-bearing debts (Long-term guarantee deposited)
10,139 9,973 121,942
Unsecured zero coupon convertible bonds with 130% call
option in yen due 2013 .......................................................... 149,975 149,975 1,803,668
¥256,519 ¥296,119 $3,085,020