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58 SEIKO EPSON CORPORATION
8. Short-term bank loans and long-term debt
Short-term bank loans and long-term debt from banks at March 31, 2003 and 2004 consisted of the following:
Thousands of
Millions of yen U.S. dollars
March 31 March 31,
2003 2004 2004
Weighted
average
Amount interest rate Last due on
Short-term bank loans ¥142,198 ¥ 62,851 0.86% March 25, 2005 $ 594,673
Current portion of long-term debt 70,258 47,380 0.84 March 25, 2005 448,292
Long-term debt 396,934 346,769 1.25 March 31, 2009 3,281,001
Total ¥609,390 ¥457,000 $4,323,966
Average interest rates are calculated using weighted-average interest rates as at March 31, 2004.
The maturities of long-term debt outstanding as at March 31, 2004 were as follows:
Thousands of
Year ending March 31 Millions of yen U.S. dollars
2005 ¥ 47,380 $ 448,292
2006 102,062 965,673
2007 106,707 1,009,623
2008 87,500 827,893
2009 50,500 477,812
Total ¥394,149 $3,729,293
Assets pledged as collateral for secured loans and debt at March 31, 2003 and 2004 were as follows:
Thousands of
Millions of yen U.S. dollars
March 31 March 31,
Pledged assets 2003 2004 2004
Land ¥ 727 ¥ 386 $ 3,652
Buildings and structures 1,602 1,457 13,786
Machinery and equipment 483 370 3,501
Furniture and fixtures 26 18 170
Total ¥2,838 ¥2,231 $21,109
Thousands of
Millions of yen U.S. dollars
March 31 March 31,
Secured loans and debt 2003 2004 2004
Current portion of long-term debt ¥194 ¥30 $284
Long-term debt 30 ––
Total ¥224 ¥30 $284
In the year ended March 31, 2004, Epson entered into line of credit agreements with four banks for an aggre-
gate maximum amount of ¥40,000 million ($378,465 thousand). As at March 31, 2004, there were unused credit
lines of ¥40,000 million ($378,465 thousand) outstanding and available.