Olympus 2005 Annual Report Download - page 41

O LYMPUS 20 05 39
As is custo mary in Japan, substantially all bank borrowings, including acceptances payable, are subject to general agreements with each
bank which provide, among other things, that the banks may, under certain circumstances, require additional security for such loans and may
treat any security furnished to the banks, as well as cash deposited with them, as security for all present and future indebtedness. The
Company and its subsidiaries have never been requested to submit such additional security.
7. LO NG-TERM DEBT
Long-term debt as of March 31, 2005 and 2 0 04, consisted o f the follo wing:
Thousands of
Millions of yen U.S. dollars
(Unsecured long-term debt) 2005 2004 2005
3.60% yen bonds, due April 2006 ............................................................................ ¥ 15,00 0 ¥ 15,000 $ 1 36,364
2.975 % yen bonds, due November 2006 ................................................................... 10,000 10,000 90 ,909
3.35% yen bonds, due February 2009 ....................................................................... 5,0 00 5,0 0 0 4 5,455
0.80% yen bonds, due July 2008 .............................................................................. 3 0,000 3 0,000 272,7 2 7
0.84% yen bonds, due October 2009 ........................................................................ 20,000 —181,818
1.16% loan from a Japanese bank, due December 2008 ............................................... 20,000 2 0,000 181,81 8
1.52% loan from a Japanese bank, due O ctober 2011 ................................................. 25,000 —227,2 73
2.00% loan from a Japanese bank, due December 2008 ............................................... 15,906 —144,60 0
1.30% loan from a Japanese bank, due June 200 8 ....................................................... 11,561 —105,100
1.00% loan from a Japanese bank, due September 2009 .............................................. 6,490 —59,00 0
3.60% loan from a Japanese bank, due March 200 6 .................................................... 4,3 0 0 —3 9,091
2.00% loan from a Japanese bank, due March 200 6 .................................................... 4,1 3 5 —3 7,591
1.63% loan from a Japanese bank, due September 2009 .............................................. 4,020 —36,54 5
1.50% loan from a Japanese bank, due March 201 0 .................................................... 3,3 0 2 —3 0,018
2.105 % lo an from a Japanese bank, due March 2005 .................................................. —1 ,500 —
0.59% to 0 .61% loans fro m Japanese banks, due February 2007 ................................... —750 —
0.59% loan from a Japanese bank, due September 2004 .............................................. —500 —
1.45% loan from a Japanese bank, due March 200 6 .................................................... 30,00 0 30,000 27 2,727
0.72% loan from a Japanese bank, due March 200 8 .................................................... —2 0,000 —
1.54% loan from a Japanese bank, due September 2011 .............................................. 2 0,000 —181,8 18
Other bonds .......................................................................................................... 300 ——
O thers from fo reign banks ........................................................................................ 1,566 595 14,23 6
O thers from Japanese banks ..................................................................................... 8,78 1 8 03 7 9,827
(Secured lo ng-term debt)
O thers from fo reign banks ........................................................................................ 1,135 1,649 1 0,318
O thers from Japanese banks ..................................................................................... 4,17 5 8 04 4 0,683
.................................................................................................................. 240,6 71 136,6 01 2,187 ,918
Less-current maturities .............................................................................................. (43,482) (2,054 ) (395,291 )
.................................................................................................................. ¥197,1 89 ¥134,54 7 $1,792 ,627
The aggregate annual maturities of long-term debt subsequent to March 31, 2005 are as follows:
Thousands of
Millions of yen U.S. dollars
2006 ........................................................................................................................................... ¥43,482 $ 395,291
2007 ........................................................................................................................................... 3 6,021 3 2 7,464
2008 ........................................................................................................................................... 1 1,195 1 0 1,773
2009 ........................................................................................................................................... 7 1,037 6 4 5,791
2010 ........................................................................................................................................... 2 7,535 2 5 0,318
Thereafter...................................................................................................................................... 51,401 4 67,281
Total........................................................................................................................................... ¥240,6 71 $2,187 ,918