Canon 2011 Annual Report Download - page 73

Download and view the complete annual report

Please find page 73 of the 2011 Canon 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 104

  • 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
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104

Strategy Business Units Management System FINANCIAL SECTION
71
!37 !101
FINANCIAL SECTION
2011:Balance at beginning of year
Translation adjustments and other
Balance at end of year
Office Consumer
Industry and
Others TotalThousands of U.S. dollars
$1,375,654
(67,192)
$1,308,462
$158,795
(3,821)
$154,974
$70,538
(8,064)
$62,474
$1,604,987
(79,077)
$1,525,910
10. SHORT-TERM LOANS AND LONG-TERM DEBT
Short-term loans consisting of bank borrowings at December 31, 2011 and 2010 were ¥4,641 million ($59,500 thousand) and
¥2,071 million, respectively. The weighted average interest rates on short-term loans outstanding at December 31, 2011 and
2010 were 2.72% and 1.46%, respectively.
Long-term debt consisted of the following:
Loans, principally from banks, maturing in installments through
2020; bearing weighted average interest of 1.68% and 1.83%
at December 31, 2011 and 2010, respectively
0.75% Japanese yen notes, due 2012
0.84% Japanese yen notes, due 2013
Capital lease obligations
Less current portion
2011 2010
Millions of yen
Thousands of
U.S. dollars
2011
¥
1,297
1,020
156
4,597
7,070
(3,702)
¥
3,368
¥1,013
—
—
8,247
9,260
(5,129)
¥4,131
$16,628
13,077
2,000
58,936
90,641
(47,462)
$43,179
December 31
2012
2013
2014
2015
2016
Thereafter
Millions of yen
Thousands of
U.S. dollars
¥3,702
1,528
1,132
457
105
146
¥7,070
$47,462
19,589
14,513
5,859
1,346
1,872
$90,641
Year ending December 31:
Certain property, plant and equipment with a net book
carrying value of ¥2,913 million ($37,346 thousand) at
December 31, 2011 were mortgaged primarily to secure
loans from banks.
Both short-term and long-term bank loans are made
under general agreements which provide that security and
guarantees for present and future indebtedness will be
given upon request of the bank, and that the bank shall
have the right to offset cash deposits against obligations
that have become due or, in the event of default, against all
obligations due to the bank.
The aggregate annual maturities of long-term debt outstanding at December 31, 2011 were as follows: