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52 SUZUKI MOTOR CORPORATION
Consolidated Financial Statements
NOTE 5: Short-term debt and long-term debt
Short-term debt as of 31 March 2015 and 2014 were as follows. The annual interest rates of short-term debt as of 31 March 2015 were from 0.15
percent to 10.5 percent.
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
US dollars
2015 2014 2015
Short-term loans payable and current portion of Long-term
loans payable
Unsecured ......................................................................... ¥281,950 ¥236,161 $2,346,265
Lease obligations due within one year ................................. 43 46 365
¥281,994 ¥236,207 $2,346,631
Long-term debt as of 31 March 2015 and 2014 were as follows:
Millions of yen
Thousands of
US dollars
2015 2014 2015
Long-term loans payable maturing through 2020
Secured .............................................................................. ¥ — ¥ 236 $ —
Unsecured ......................................................................... 272,717 208,930 2,269,426
Lease obligations due more than one year .......................... 49 72 408
Other interest-bearing debts (Long-ter m guarantee deposited)
13,731 13,655 114,270
¥286,497 ¥222,894 $2,384,104
Pay xed
receive oating
Pay THB
receive USD
Long-term
debt 124,507 124,507 (135)
Cross currency interest rate swap (Integration hedge accounting)
Pay xed
receive oating
Pay JPY
receive USD
Long-term
debt 815,511 815,511 *
Pay xed
receive oating
Pay CNY
receive JPY Long-term
debt
receivable
2,022 2,022 *
Pay xed
receive oating
Pay INR
receive USD
24,248 24,248 *
Total $1,568,932 $1,528,214 $(559)
* Because these cross currency interest rate swap transactions are handled together with hedged items, their fair values are included in that of
hedged items.