Nikon 2001 Annual Report Download - page 28

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The following is a summary of the terms of bonds which the Company may at any time purchase at any price in the open market or other-
wise.
The bonds purchased or otherwise acquired by the Company may be held or resold or, at the discretion of the Company, may be canceled
(together with any unmatured coupons attached thereto or purchased therewith).
Thousands of
Millions of Yen U.S. Dollars
Issued in To be redeemed in 2001 2000 2001
4.85% Euro-Yen Unsecured Bonds September 1994 December 2001 ¥ 10,000 ¥ 10,000 $ 80,710
4.4% Yen Unsecured Bonds January 1995 January 2001 10,000
2.95% Yen Unsecured Bonds February 1996 February 2003 10,000 10,000 80,710
2.7% Yen Unsecured Bonds February 1996 February 2002 10,000 10,000 80,710
2.45% Yen Unsecured Bonds March 1997 March 2004 10,000 10,000 80,710
2.7% Yen Unsecured Bonds June 1997 June 2003 10,000 10,000 80,710
2.5% Yen Unsecured Bonds November 1997 November 2007 10,000 10,000 80,710
2.575% Yen Unsecured Bonds April 1998 April 2005 10,000 10,000 80,710
1.76% Yen Unsecured Bonds August 1999 August 2004 10,000 10,000 80,710
Total ¥ 80,000 ¥ 90,000 $ 645,680
The aggregate annual maturities of long-term debt for the years following March 31, 2001 are as follows:
Year Ending Thousands of
March 31 Millions of Yen U.S. Dollars
2002 ¥ 25,351 $ 204,610
2003 16,810 135,668
2004 22,268 179,729
2005 10,455 84,379
2006 12,255 98,910
Thereafter 10,016 80,843
Total ¥ 97,155 $ 784,139
At March 31, 2001, the following assets were pledged as collateral for the short-term borrowings, long-term debt and other liabilities.
Thousands of
Millions of Yen U.S. Dollars
Notes and accounts receivable–trade ¥ 12,219 $ 98,624
Investment securities 8,979 72,470
Total ¥ 21,198 $ 171,094
Liabilities secured by the above assets were as follows:
Thousands of
Millions of Yen U.S. Dollars
Other current liabilities ¥ 94 $ 759
Long-term debt, including current portion 5,674 45,791
Total ¥ 5,768 $ 46,550
As is customary in Japan, the Company maintains substantial deposit balances with banks with which it has borrowings. Such deposit bal-
ances are not legally or contractually restricted as to withdrawal.
General agreements with respective banks provide, as is customary in Japan, that additional collateral must be provided under certain cir-
cumstances if requested by such banks and that certain banks have the right to offset cash deposited with them against any long-term or
short-term debt or obligation that becomes due and, in case of default and certain other specified events, against all other debts payable to the
banks. The Company has never been requested to provide any additional collateral.