Omron 2010 Annual Report Download - page 86

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86
Notes to Consolidated Financial Statements
Omron Corporation and Subsidiaries
Long-term debt at March 31 consisted of the following:
2009 20102010
Unsecured debt:
The weighted average annual interest rates
2009 1.3%
2010 1.3%
Other
Total
Less portion due within one year
Long-term debt, less current portion
Millions of yen
Thousands of
U.S. dollars
¥ 20,000
1,605
21,605
20,315
¥ 1,290
¥ 20,000
1,889
21,889
488
¥ 21,401
$ 215,054
17,258
232,312
218,441
$ 13,871
The annual maturities of long-term debt outstanding at March 31, 2010 were as follows:
Years ending March 31
2011
2012
2013
2014
2015
Thereafter
Total
Millions of yen
Thousands of
U.S. dollars
¥ 20,315
49
50
52
54
1,085
¥ 21,605
$ 218,441
527
538
559
581
11,666
$ 232,312
The Companies do not have any material capital lease
agreements.
The Companies have operating lease agreements pri-
marily involving offices and equipment for varying periods.
Leases that expire generally are expected to be renewed
or replaced by other leases. At March 31, 2010, future min-
imum rental payments applicable to non-cancelable leases
having initial or remaining non-cancelable lease terms in
excess of one year were as follows:
9. Leases
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 obli-
gation 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 also customary in Japan, the Company and
domestic subsidiaries maintain deposit balances with
banks with which they have short- or long-term debt. Such
deposit balances are not legally or contractually restrict-
ed as to withdrawal.
Total interest cost incurred and charged to expense for
the years ended March 31, 2010, 2009 and 2008 amount-
ed to ¥650 million ($6,989 thousand), ¥1,257 million and
¥1,537 million, respectively.
Years ending March 31
2011
2012
2013
2014
2015
Thereafter
Total
Millions of yen
Thousands of
U.S. dollars
¥ 3,008
2,431
2,011
1,629
1,358
6,684
¥ 17,121
$ 32,344
26,140
21,624
17,516
14,602
71,871
$ 184,097
Rental expense amounted to ¥12,507 million ($134,484 thousand), ¥13,787 million and ¥13,292 million for the years ended
March 31, 2010, 2009 and 2008, respectively.