Fujitsu 2010 Annual Report Download - page 111

*2 The main details on convertible bonds at March 31, 2010
Unsecured convertible bonds due 2010 Unsecured convertible bonds due 2011
Date issued 2007/8/31 2007/8/31
Stock to be issued Common Stock Common Stock
Issue price of subscription rights to shares Zero Zero
Conversion price of the bonds (Yen) 900 900
Total issue price (Millions of yen) 100,000 100,000
Total issue price of stock issued by the exercise of subscription rights to
shares (Millions of yen) — —
Subscription rights to shares granted (%) 100 100
Exercisable periods of subscription rights to shares May 28, 2009 to May 24, 2010 May 28, 2009 to May 24, 2011
*3 The corresponding consolidated subsidiary changed to an equity method affiliate due to a decrease in share in the current fiscal year. In accordance with this change,
the bond was not included in balance at March 31, 2010.
The aggregate annual maturities of long-term debt subsequent to March 31, 2010 are summarized as follows:
Years ending March 31
Yen
(millions)
U.S. Dollars
(thousands)
2011 ¥170,572 $1,834,108
2012 171,362 1,842,602
2013 69,948 752,129
2014 31,963 343,688
2015 and thereafter 83,713 900,140
Total ¥527,558 $5,672,667
At March 31, 2010, the Group had committed facility contracts with banks aggregating ¥212,920 million ($2,289,462 thousand) and all of
it was unused.
Assets pledged as collateral for short-term borrowings and long-term debt at March 31, 2009 and 2010 are principally presented below:
Yen
(millions)
U.S. Dollars
(thousands)
At March 31 2009 2010 2010
Property, plant and equipment, net ¥2,562 ¥3,403 $36,591
As is customary in Japan, substantially all loans from banks (including short-term loans) are made under bank transaction agreements
which stipulate that, at the request of the banks, the borrower is required to provide collateral or guarantors (or additional collateral or guar-
antors, as appropriate) with respect to such loans, and that all assets pledged as collateral under such agreements will be applicable to all
present and future indebtedness to the banks concerned. These bank transaction agreements further stipulate that the banks have the right
to offset deposits at the banks against indebtedness which matures or becomes due prematurely by default owed to the banks.
8. Retirement Benefits
The Company and the majority of the consolidated subsidiaries in Japan have unfunded lump-sum retirement plans which, in general, cover
all employees who retire before a retirement age prescribed in their internal codes. The employees are entitled to the benefits primarily
based on their length of service and base salary as of the retirement date.
In addition, the Company and the majority of the consolidated subsidiaries in Japan participate in contributory defined benefit plans
which cover substantially all employees. The major contributory defined benefit plan (the “Plan”), which is referred to as the Fujitsu Corporate
Pension Fund, entitles employees upon retirement at the normal retirement age to either a lump-sum payment or pension annuity pay-
ments for life commencing at age 60, or a combination of both based on their length of service, base salary and the number of years of
participation in the Plan. The contributions of the Company and the subsidiaries covered by the Plan and their employees are made to the
Fujitsu Corporate Pension Fund which is an external organization.
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FUJITSU LIMITED Annual Report 2010
Notes to Consolidated
Financial Statements