Toyota 2006 Annual Report Download - page 107

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Long-term debt at March 31, 2005 and 2006 comprises the following:
U.S. dollars
Yen in millions in millions
March 31, March 31,
2005 2006 2006
Unsecured loans, representing obligations principally to banks,
due 2005 to 2025 in 2005 and due 2006 to 2025 in 2006
with interest ranging from 0.05% to 27.00% per annum in 2005
and from 0.04% to 20.00% per annum in 2006.......................................................... ¥ 894,212 ¥ 1,009,001 $ 8,589
Secured loans, representing obligations principally to banks,
due 2005 to 2019 in 2005 and due 2006 to 2019 in 2006
with interest ranging from 0.35% to 5.60% per annum in 2005
and from 0.35% to 5.60% per annum in 2006............................................................ 24,320 15,766 134
Medium-term notes of consolidated subsidiaries, due 2005 to 2035 in 2005
and due 2006 to 2035 in 2006 with interest ranging from 0.01% to 7.59%
per annum in 2005 and from 0.01% to 9.75% per annum in 2006 ............................. 3,447,104 4,364,260 37,152
Unsecured notes of parent company, due 2008 to 2018 in 2005
and due 2008 to 2018 in 2006 with interest ranging from 1.33% to 3.00%
per annum in 2005 and from 1.33% to 3.00% per annum in 2006 ............................. 500,000 500,000 4,256
Unsecured notes of consolidated subsidiaries, due 2005 to 2031 in 2005
and due 2006 to 2031 in 2006 with interest ranging from 0.27% to 7.00%
per annum in 2005 and from 0.34% to 7.11% per annum in 2006 ............................. 1,228,929 1,417,010 12,063
Long-term capital lease obligations, due 2005 to 2017 in 2005 and due
2006 to 2017 in 2006, with interest ranging from 0.37% to 9.33%
per annum in 2005 and from 0.37% to 9.33% per annum in 2006 ............................. 71,280 58,341 497
6,165,845 7,364,378 62,691
Less—Current portion due within one year .................................................................... (1,150,920) (1,723,888) (14,675)
¥ 5,014,925 ¥ 5,640,490 $ 48,016
As of March 31, 2006, approximately 39%, 26%, 13% and
22% of long-term debt is denominated in U.S. dollars,
Japanese yen, euros, and other currencies, respectively.
As of March 31, 2006, property, plant and equipment with
a book value of ¥100,753 million ($858 million) and in addi-
tion, other assets aggregating ¥42,628 million ($363 million)
were pledged as collateral mainly for certain debt obligations
of subsidiaries.
The aggregate amounts of annual maturities of long-term debt during the next five years are as follows:
U.S. dollars
Years ending March 31, Yen in millions in millions
2007 ............................................................................................................................................................ ¥1,723,888 $14,675
2008 ............................................................................................................................................................ 1,801,230 15,334
2009 ............................................................................................................................................................ 1,377,404 11,726
2010 ............................................................................................................................................................ 911,634 7,761
2011 ............................................................................................................................................................ 548,940 4,673
Standard agreements with certain banks in Japan include
provisions that collateral (including sums on deposit with such
banks) or guarantees will be furnished upon the banks’
request and that any collateral furnished, pursuant to such
agreements or otherwise, will be applicable to all present or
future indebtedness to such banks. During the year ended
March 31, 2006, Toyota has not received any significant such
requests from these banks.
As of March 31, 2006, Toyota has unused long-term lines
of credit amounting to ¥2,016,470 million ($17,166 million).