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39
Annual Report 2015
6. SHORT-TERM BORROWINGS AND LONG-TERM DEBT
Short-term borrowings at March 31, 2015 and 2014 consisted of the following:
Long-term debts at March 31, 2015 and 2014 were summarized as follows:
At March 31, 2015, ¥3,859 million ($32,158 thousand) of long-term debt and short-term borrowings were collateralized by assets amounting
to ¥19,597 million ($163,308 thousand).
As is customary in Japan, both short-term and long-term bank loans are made under general agreements which provide that collateral and
guarantees (or additional collateral or guarantees, as appropriate) with respect to present and future indebtedness be given at the request of
the lending bank, and that the bank shall have the right, as the obligations become due or in the event of default, to offset the obligations with
any cash deposited with the bank.
The Group has access to substantial sources of funds at numerous banks worldwide. Total unused credit available to the Group at March 31,
2015 was ¥24,777 million ($206,475 thousand).
Millions of yen
Thousands of U.S.
dollars
2015 2014 2015
Loans, principally from banks, at weighted-average interest rates of 1.3%
and 1.5% at March 31, 2015 and 2014, respectively:
Secured ¥ 3,500 ¥ 6,700 $ 29,166
Unsecured 41,481 48,710 345,675
Total ¥ 44,981 ¥ 55,410 $ 374,841
Millions of yen
Thousands of U.S.
dollars
2015 2014 2015
Loans from banks, insurance companies and government agencies,
due through 2020:
Secured ¥ 359 ¥ 454 $ 2,991
Unsecured 62,230 63,139 518,583
Subtotal 62,589 63,594 521,575
Less: Current portion (18,348) (49,067) (152,900)
Total ¥ 44,241 ¥ 14,526 $ 368,675
Year ending March 31, Millions of yen
Thousands of U.S.
dollars
2016 ¥ 18,348 $ 152,900
2017 14,118 117,650
2018 11,014 91,783
2019 10,086 84,050
2020 and thereafter 9,022 75,183
Total ¥ 62,589 $ 521,575
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The aggregate annual maturities of long-term debt subsequent to March 31, 2015 were summarized as follows: