Bridgestone 2003 Annual Report Download - page 37

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35
2003 ANNUAL REPORT
Available-for-sale securities whose fair value is not readily determinable at December 31, 2003 and 2002 are mainly as follows:
Carrying amount
Thousands of
Millions of yen U.S. dollars
2003 2002 2003
Available-for-sale:
Equity securities ¥4,924 ¥2,373 $45,963
Proceeds from sales of available-for-sale securities for the years ended December 31, 2003, 2002 and 2001 are ¥3,769 million ($35,182 thousand),
¥974 million and ¥632 million, respectively. Gross realized gains and losses on these sales, computed on the moving average cost basis, are ¥309 mil-
lion ($2,884 thousand) and ¥392 million ($3,659 thousand), respectively, for the year ended December 31, 2003, ¥199 million and ¥158 million,
respectively, for the year ended December 31, 2002 and ¥93 million and ¥438 million, respectively, for the year ended December 31, 2001.
The carrying values of debt securities by contractual maturities for securities classified as available-for-sale at December 31, 2003 are as follows:
Thousands of
Millions of yen U.S. dollars
Available-for-sale:
Debt securities:
Due 2004 ——
Due 2005 to 2008 ——
Due 2009 to 2013 ¥5,004 $46,710
Due 2014 and thereafter ——
Total ¥5,004 $46,710
NOTE 6—SHORT-TERM AND LONG-TERM DEBT
Short-term debt at December 31, 2003 and 2002 consists of the following:
Thousands of
Millions of yen U.S. dollars
2003 2002 2003
Short-term bank loans, weighted average interest rate of 3.5%
at December 31, 2003 and 2.8% at December 31, 2002 ¥74,394 ¥99,977 $694,427
Commercial paper, weighted average interest rate of 3.5% at December 31, 2002 — 419 —
Unsecured Euro Medium Term Notes due 2003—2004 with interest ranging from 0.0% to 0.1%
at December 31, 2003 and from 0.0% to 0.7% at December 31, 2002 10,928 13,715 102,007
Total ¥85,322 ¥114,111 $796,434
Long-term debt at December 31, 2003 and 2002 consists of the following:
Thousands of
Millions of yen U.S. dollars
2003 2002 2003
Borrowings from banks, insurance companies and others, weighted average
interest rate of 1.8% at December 31, 2003 and 2.1% at December 31, 2002
denominated in mainly Japanese yen, U.S. dollars and euros:
Secured ¥1,252 ¥2,868 $11,687
Unsecured 270,665 300,710 2,526,509
1.9% yen convertible bonds, due 2003 — 2,480 —
1.7% yen unsecured straight bonds, due 2007 20,000 20,000 186,689
2.0% yen unsecured straight bonds, due 2010 30,000 30,000 280,034
0.6% yen unsecured straight bonds, due 2010 30,000 —280,034
0.9% yen unsecured straight bonds, due 2013 50,000 —466,722
Total 401,917 356,058 3,751,675
Less current portion (2,566) (67,398) (23,952)
Long-term debt, less current portion ¥399,351 ¥288,660 $3,727,723