Omron 2005 Annual Report Download - page 60

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58
The weighted average annual interest rates of short-term bank loans at March 31, 2005 and 2004 were 1.0% and 1.2%, respectively.
Long-term debt at March 31 consisted of the following:
Unsecured debt:
Convertible bonds at 1.7%, due in September 2004 ........................................
Loans from banks and other financial institutions, generally
at 0.4% to 3.8%, due on various dates through 2006.......................................
Other ......................................................................................................................
Total....................................................................................................................
Less portion due within one year ..........................................................................
Long-term debt, less current portion ....................................................................
¥29,735
10,986
522
41,243
30,036
¥11,207
$—
100,738
14,542
115,280
98,159
$17,121
Thousands of
U.S. dollars
Millions of yen
2004 2005
¥—
10,779
1,556
12,335
10,503
¥ 1,832
2005
Thousands of
U.S. dollars
Millions of yen
2006 ..............................................................................................................................................
2007 ..............................................................................................................................................
2008 ..............................................................................................................................................
2009 ..............................................................................................................................................
2010 ..............................................................................................................................................
Thereafter.......................................................................................................................................
Total ...............................................................................................................................................
$98,159
6,514
5,000
1,785
1,271
2,551
$115,280
¥10,503
697
535
191
136
273
¥12,335
Years ending March 31
The annual maturities of long-term debt outstanding at March 31, 2005 were as follows:
As is customary in Japan, additional security must be given if
requested by a lending bank, and banks have the right to offset
cash deposited with them against any debt or obligation that
becomes due and, in case of default and certain other specified
events, against all debt payable to the banks. The Companies
have never received any such requests.
As is customary in Japan, the Company and domestic sub-
sidiaries maintain deposit balances with banks with which they
have short- or long-term borrowings. Such deposit balances are
not legally or contractually restricted as to withdrawal.
Total interest cost incurred and charged to expense for the
years ended March 31, 2005, 2004 and 2003 amounted to ¥1,083
million ($10,121 thousand), ¥1,217 million and ¥1,430 million,
respectively.
6. Bank Loans and Long-Term Debt