Mitsubishi 2008 Annual Report Download - page 59

Download and view the complete annual report

Please find page 59 of the 2008 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 88

  • 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
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88

57
annual report 2008 mitsubishi motors corporation
7. Short-Term Borrowings and Long-Term Debt
Short-term borrowings at March 31, 2008 and 2007 consisted of the following:
In millions of yen
In thousands of
U.S. dollars
2008 2007 2008
Loans, principally from banks ¥219,597 ¥215,036 $2,191,811
The weighted average interest rates on short-term borrowings at March 31, 2008 and 2007 were 4.8% and 5.6%, respectively.
Long-term debt at March 31, 2008 and 2007 consisted of the following:
In millions of yen
In thousands of
U.S. dollars
2008 2007 2008
Loans, principally from banks and insurance companies,
due through 2023 at interest rates averaging 4.7% in 2008
and 4.5% in 2007:
Secured ¥ 75,569 ¥ 141,694 $ 754,258
Unsecured 8,682 84,930 86,660
3.1% bonds due May 28, 2007 (issued May 28, 1997) —8,700 —
3.3% bonds due May 28, 2009 (issued May 28, 1997) 25,600 25,600 255,514
3.3% Euro medium-term notes due July 15, 2008
(issued July 15, 2003) 2,000 2,000 19,962
5.7% to 6.0% bonds due 2008 through 2009
(issued 2005 through 2006) 22,260 25,690 222,177
1.1% bonds due September 24, 2010
(issued September 26, 2005) 200 200 1,996
134,311 288,814 1,340,569
Less current portion (76,705) (137,008) (765,595)
¥ 57,606 ¥ 151,806 $ 574,974
(a) 3.1% bonds due May 28, 2007, 3.3% bonds due May 28, 2009, and 3.3% Euro medium-term notes due July 15, 2008 were issued by MMC.
(b) 5.7% to 6.0% bonds due 2008 through 2009 consist of notes issued by an overseas subsidiary, Mitsubishi Motors (Thailand) Company
Limited. (The balances at March 31, 2008 and March 31, 2007 were B
| 7,000,000 thousand).
(c) 1.1% bonds due September 24, 2010 were issued by a domestic subsidiary, Suiryo Plastics Co., Ltd.