Suzuki 2012 Annual Report Download - page 53

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Consolidated Financial Statements
SUZUKI MOTOR CORPORATION 51
NOTE 5: Short-term borrowings and long-term debt
Short-term borrowings as of March 31, 2012 and 2011 consisted of the following. The annual interest rates of short-term borrowings as of
March 31, 2012 were from 0.28 percent to 12.25 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, 2012, 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
2012 2011 2012
Short-term loans payable and current portion of long term
loans payable
Secured .............................................................................. ¥ — ¥ — $ —
Unsecured ......................................................................... 222,432 238,274 2,706,320
Lease obligations due within one year ................................. 47 61 581
Unsecured zero coupon convertible bonds with 130% call
option in yen due 2013 .......................................................... 149,975 —1,824,735
¥372,455 ¥238,336 $4,531,637
Long-term debt as of March 31, 2012 and 2011 consisted of the following:
Millions of yen
Thousands of
U.S. dollars
2012 2011 2012
Long-term loans payable maturing through 2016
Secured .............................................................................. ¥ 375 ¥ 276 $ 4,568
Unsecured ......................................................................... 66,983 96,056 814,987
Lease obligations due more than one year .......................... 34 71 417
Other interest-bearing debts (Long-term guarantee deposited)
11,538 10,139 140,382
Unsecured zero coupon convertible bonds with 130% call
option in yen due 2013 .......................................................... —149,975 —
¥78,931 ¥256,519 $960,356