Pioneer 2012 Annual Report Download - page 39

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Long-term debt at March 31, 2012 and 2011, is comprised as follows:
Millions of Yen
Thousands of
U.S. Dollars
2012 2011 2012
Long-term debt:
Collateralized ¥70,459 ¥80,881 $ 859,256
Uncollateralized 10,000 –121,951
Long-term capital lease obligation, due principally 2017 1,857 2,256 22,646
Total 82,316 83,137 1,003,853
Less—Portion due within one year 71,373 35,887 870,402
Long-term debt, less current portion ¥10,943 ¥47,250 $ 133,451
Millions of Yen
Thousands of
U.S. Dollars
2012 2011 2012
Finished products –¥ 7,744 –
Building and structures ¥16,063 18,018 $195,890
Land 14,844 15,794 181,025
Investment securities 7,298 9,500 89,000
Total ¥38,205 ¥51,056 $465,915
Millions of Yen
Thousands of
U.S. Dollars
2012 2011 2012
Total commitment line of credit ¥4,000 –$48,780
Borrowed –––
Outstanding ¥4,000 –$48,780
Years ending March 31 Millions of Yen
Thousands of
U.S. Dollars
2013 ¥71,373 $ 870,402
2014 760 9,268
2015 10,149 123,768
2016 34 415
2017 0 0
2018 and thereafter – –
Total ¥82,316 $1,003,853
Annual maturities of long-term debt and long-term capital lease obligations as of March 31, 2012, for the next five
years and thereafter were as follows:
At March 31, 2012 and 2011, the following assets were pledged as collateral for short-term borrowings and long-
term debt of the Group:
The Company has commitment line contract (revolving credit facilities contract) with the bank to establish efficient
fund procurement in order to secure its working capital as follows:
The above contract includes certain financial covenants which require the Company to maintain certain levels of
equity on consolidated and non-consolidated basis and certain level of operating income on consolidated basis.
Long-term debt amounting to ¥80,459 million
($981,207 thousand) (in which current portion of
long-term debt was ¥70,459 million ($859,256
thousand)) and ¥80,881 million (in which current
portion of long-term debt was ¥35,035 million)
at March 31, 2012 and 2011, respectively, was
borrowed by the Company and Tohoku Pioneer
Corporation in accordance with the syndicated loan
agreement contracted with the banks on March 29,
2010, and September 27, 2011. This agreement
includes certain financial covenants which require
the Company to maintain certain levels of equity on a
consolidated and non-consolidated basis and certain
level of operating income on a consolidated basis.
37
Pioneer Corporation Annual Report 2012