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Convertible bonds are treated solely as liabilities and the conversion option is not recognized as equity in accordance with account-
ing principles and practices generally accepted in Japan.
The aggregate annual maturities of long-term debt subsequent to March 31, 2013 are summarized as follows:
Years ending March 31
Yen
(millions)
U.S. Dollars
(thousands)
2014 ¥ 79,065 $ 841,117
2015 63,972 680,553
2016 94,283 1,003,011
2017 36,682 390,234
2018 and thereafter 50,308 535,191
Total ¥324,310 $3,450,106
At March 31, 2013, the Group had committed facility contracts with banks aggregating ¥197,772 million ($2,103,957 thousand)
and all of it was unused.
Assets pledged as collateral for short-term borrowings and long-term debt at March 31, 2012 and 2013 are principally presented below:
Yen
(millions)
U.S. Dollars
(thousands)
At March 31 2012 2013 2013
Property, plant and equipment, net ¥2,530 ¥2,484 $26,426
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
guarantors, 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.
7. Supplementary Information to the Consolidated Income Statements
The amounts of write-down of inventories recognized within “Cost of sales” for the years ended March 31, 2012 and 2013 were ¥17,730
million and ¥20,578 million ($218,915 thousand), respectively. The provision for construction contract losses charged to “Cost of sales”
for the same periods were ¥8,452 million and ¥4,759 million ($50,628 thousand), respectively.
Major items that comprise “Selling, general and administrative expenses” are salaries and research and development expenses. The
salaries for the years ended March 31, 2012 and 2013 were ¥313,049 million and ¥316,284 million ($3,364,723 thousand), respectively. The
research and development expenses for the same periods were ¥238,360 million and ¥231,052 million ($2,458,000 thousand), respectively.
“Other, net” of “Other income (expenses)” for the years ended March 31, 2012 and 2013 consists of the following:
Yen
(millions)
U.S. Dollars
(thousands)
Years ended March 31 2012 2013 2013
Foreign exchange gains (losses), net ¥ (1,805) ¥ 8,299 $ 88,287
Gain on negative goodwill — 199 2,117
Restructuring charges (15,199) (116,221) (1,236,394)
Impairment loss (776) (34,285) (364,734)
Loss on disposal of property, plant and equipment and intangible assets (3,082) (1,981) (21,074)
Loss on changes in retirement benefit plan (895) (245) (2,606)
Loss on disaster (7,529) — —
Other, net (9,281) (90) (957)
¥(38,567) ¥(144,324) $(1,535,362)
120 FUJITSU LIMITED ANNUAL REPORT 2013