Toshiba 2004 Annual Report Download - page 56

Download and view the complete annual report

Please find page 56 of the 2004 Toshiba 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 76

  • 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
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76

54
Thousands of
Millions of yen U.S. dollars
March 3 1 2004 2003 2004
Notes and accounts receivable, trade ¥24,024 ¥25,544 $ 226,642
Other receivables ¥ 8,507 ¥ 6,383 $ 80,255
Advance payment ¥ 5,598 ¥ 2,848 $ 52,811
Notes and accounts payable, trade ¥79,272 ¥28,633 $ 747,849
Capital lease obligations ¥45,706 —$431,18 9
Other payables ¥ 5,976 ¥ 7,900 $ 56,377
8. INTANGIBLE ASSETS
Intangible assets comprise mainly technical license fees and are subject to amortization. At March 31, 2004, gross
carrying amounts and related accumulated amortization were ¥87,574 million ($826,170 thousand) and ¥65,307
million ($616,104 thousand), respectively. At March 31, 2003, gross carrying amounts and related accumulated
amortization were ¥90,139 million and ¥53,110 million, respectively. For the years ended March 31, 2004 and
2003, amortization expense was ¥12,454 million ($117,491 thousand) and ¥15,179 million, respectively. Estimated
amortization expense for each of the five years ending March 31 is: ¥10,879 million ($102,632 thousand) in 2005,
¥6,935 million ($65,425 thousand) in 2006, ¥2,923 million ($27,575 thousand) in 2007, ¥1,062 million ($10,019
thousand) in 2008, and ¥288 million ($2,717 thousand) in 2009.
9. SHORT-TERM BORROWINGS AND LONG-TERM DEBT
Short-term borrowings at March 31, 2004 and 2003 comprise the following:
Thousands of
Millions of yen U.S. dollars
March 3 1 2004 2003 2004
Loans, principally from banks, including bank overdrafts,
with weighted-average interest rate of 0.74% at March 31,
2004 and 0.77% at March 31, 2003:
Secured ¥ 1,084 ¥ 2,645 $ 10,226
Unsecured 257,2 41 352,048 2,42 6,802
Commercial paper with weighted-average interest rate of
0.01% at March 31, 2004 and 0.04% at March 31, 2003 20,000 35,000 188,679
Euro yen medium-term notes of a subsidiary, with weighted-
average interest rate of 0.12% at March 31, 2004 and
0.16% at March 31, 2003 (swapped for floating rate (LIBOR,
etc.) or fixed rate U.S. dollar, Yen or Euro obligations) 28,386 38,276 267,793
¥306,71 1 ¥427,969 $2,8 93,500
Substantially all of the short-term borrowings are with banks which have written basic agreements with the Company to
the effect that, with respect to all present or future loans with such banks, the Company shall provide collateral
(including sums on deposit with such banks) or guarantors immediately upon the bank’s request and that any collateral
furnished pursuant to such agreements or otherwise will be applicable to all indebtedness to such banks.
At March 31, 2004, the Company had unused committed lines of credit from short-term financing arrangements
aggregating ¥329,110 million ($3,104,811 thousand), of which ¥16,910 million ($159,528 thousand) was in
support of the Company’s commercial paper. The lines of credit expire on various dates from July 2004 through March
2005. Under the agreements, the Company is required to pay commitment fees raging from 0.1 percent to 0.15
percent on the unused portion of the lines of credit.