Canon 2012 Annual Report Download - page 69

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 67
10. SHORT-TERM LOANS AND LONG-TERM DEBT
Short-term loans consisting of bank borrowings at December 31, 2012 and 2011 were ¥319 million ($3,666 thousand) and
¥4,641 million, respectively. The weighted average interest rates on short-term loans outstanding at December 31, 2012 and
2011 were 4.00% and 2.72%, respectively.
Long-term debt consisted of the following:
Loans, principally from banks, maturing in installments through
2020; bearing weighted average interest of 1.94% and 1.68%
at December 31, 2012 and 2011, respectively
0.75% Japanese yen notes, due 2012
0.84% Japanese yen notes, due 2013
Capital lease obligations
Less current portion
2012 2011
Millions of yen
Thousands of
U.S. dollars
2012
¥ 132
—
—
3,532
3,664
(1,547)
¥ 2,117
¥ 1,297
1,020
156
4,597
7,070
(3,702)
¥ 3,368
$ 1,517
—
—
40,598
42,115
(17,782)
$ 24,333
December 31
2013
2014
2015
2016
2017
Thereafter
Millions of yen
Thousands of
U.S. dollars
¥ 1,547
1,199
611
182
91
34
¥ 3,664
$ 17,782
13,781
7,023
2,092
1,046
391
$ 42,115
Year ending December 31:
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, 2012 were as follows:
Notes
Accounts
2012 2011
Millions of yen
Thousands of
U.S. dollars
2012
¥ 11,971
313,264
¥ 325,235
¥ 16,519
364,013
¥ 380,532
$ 137,598
3,600,735
$ 3,738,333
December 31
11. TRADE PAYABLES
Trade payables are summarized as follows: