Mitsubishi 2001 Annual Report Download - page 58

Download and view the complete annual report

Please find page 58 of the 2001 Mitsubishi 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 72

  • 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

[56] MITSUBISHI MOTORS CORPORATION Annual Report 2001
Long-term debt at March 31, 2001 and 2000 consisted of the following:
In thousands of
In millions of yen U.S. dollars
2001 2000 2001
Loans, principally from banks and insurance companies
due through 2022 at rates averaged 3.8%:
Secured ¥ 115,793 ¥156,798 $ 934,568
Unsecured 250,037 201,605 2,018,055
2.15% bonds due 2001 13,600 20,000 109,766
1.9% bonds due 2001 26,100 30,000 210,654
4.4% bonds due 2001 —100 —
2.25% bonds due 2002 20,000 20,000 161,421
2.4% bonds due 2003 29,500 30,000 238,095
2.7% bonds due 2004 20,000 20,000 161,421
3.1% bonds due 2007 8,700 10,000 70,218
3.3% bonds due 2009 26,400 30,000 213,075
0.4% convertible bonds due 2003 80,094 81,275 646,441
1.7% convertible bonds due 2003 19,200 —154,964
Euro medium-term notes due through
2003 at rates ranging from 4.3% to 8.1% 220,101 224,681 1,776,441
829,525 824,460 6,695,117
Less current portion (284,501) (223,580) (2,296,215)
¥ 545,025 ¥600,879 $ 4,398,910
The 0.4% unsecured convertible bonds due 2003 are convertible through March 28, 2003 into shares of common
stock of MMC at ¥887 ($7.16) per share. At March 31, 2001, if all the outstanding convertible bonds had been
converted at the current conversion price, 90,297 thousand new shares would have been issuable. The conversion
price is subject to adjustment in certain cases including stock splits.
The 1.7% unsecured convertible bonds due 2003 are convertible through April 28, 2003 into shares of common
stock of MMC at ¥405 ($3.27) per share. At March 31, 2001, if all the outstanding convertible bonds had been
converted at the current conversion price, 47,407 thousand new shares would have been issuable. The conversion
price is subject to adjustment in certain cases including stock splits.
The maturities of long-term debt are summarized as follows:
In thousands
Year ending March 31, In millions of yen of U.S. dollars
2002 ¥284,501 $2,296,215
2003 251,743 2,031,824
2004 110,655 893,099
2005 50,418 406,925
2006 19,122 154,334
Thereafter 113,086 912,719
Total ¥829,525 $6,695,117
Assets pledged as collateral for short-term borrowings and long-term debt at March 31, 2001 and 2000 were as follows:
In thousands of
In millions of yen U.S. dollars
2001 2000 2001
Notes receivable ¥ 53,357 ¥49,318 $ 430,646
Marketable securities —20,698 —
Investments 45,542 —367,571
Property, plant and equipment, net 141,020 139,934 1,138,176
Other 4,059 4,202 32,760
¥243,979 ¥214,154 $1,969,161