Nikon 2002 Annual Report Download - page 28

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26
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 otherwise.
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 2002 2001 2002
4.85% Euro-Yen Unsecured Bonds September 1994 December 2001 ¥¥10,000 $
2.95% Yen Unsecured Bonds February 1996 February 2003 10,000 10,000 75,047
2.7% Yen Unsecured Bonds February 1996 February 2002 10,000
2.45% Yen Unsecured Bonds March 1997 March 2004 10,000 10,000 75,047
2.7% Yen Unsecured Bonds June 1997 June 2003 10,000 10,000 75,047
2.5% Yen Unsecured Bonds November 1997 November 2007 10,000 10,000 75,047
2.575% Yen Unsecured Bonds April 1998 April 2005 10,000 10,000 75,047
1.76% Yen Unsecured Bonds August 1999 August 2004 10,000 10,000 75,047
1.0% Yen Unsecured Bonds April 2001 April 2006 10,000 75,047
1.3% Yen Unsecured Bonds December 2001 December 2006 10,000 75,047
1.7% Yen Unsecured Bonds December 2001 December 2008 5,000 37,523
Total ¥85,000 ¥80,000 $637,899
The aggregate annual maturities of long-term debt for the years following March 31, 2002 are as follows:
Year Ending Thousands of
March 31 Millions of Yen U.S. Dollars
2003 ¥16,541 $124,133
2004 22,683 170,227
2005 11,472 86,092
2006 12,455 93,471
2007 20,016 150,217
Thereafter 15,000 112,570
Total ¥98,167 $ 736,710
At March 31, 2002, the following assets were pledged as collateral for the long-term debt:
Thousands of
Millions of Yen U.S. Dollars
Notes and accounts receivable–trade ¥19,581 $146,949
Investment securities 6,961 52,240
Total ¥26,542 $ 199,189
Liabilities secured by the above assets were as follows:
Thousands of
Millions of Yen U.S. Dollars
Long-term debt, including current portion ¥4,967 $ 37,277
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 circum-
stances 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
Group has never been requested to provide any additional collateral.