Pioneer 2013 Annual Report Download - page 39

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Long-term debt as of March 31, 2013 and 2012, consisted of the following:
Millions of Yen
Thousands of
U.S. Dollars
2013 2012 2013
Long-term debt:
Collateralized ¥62,677 ¥70,459 $666,777
Uncollateralized 13,000 10,000 138,297
Long-term capital lease obligation, due principally in 2018 3,619 1,857 38,500
Total 79,296 82,316 843,574
Less—portion due within one year 64,218 71,373 683,170
Long-term debt, less current portion ¥15,078 ¥10,943 $160,404
Millions of Yen
Thousands of
U.S. Dollars
2013 2012 2013
Building and structures ¥14,918 ¥16,063 $158,702
Land 14,844 14,844 157,915
Investment securities 4,142 7,298 44,064
Total ¥33,904 ¥38,205 $360,681
Years ending March 31 Millions of Yen
Thousands of
U.S. Dollars
2014 ¥64,218 $683,170
2015 14,558 154,872
2016 519 5,521
2017 1 11
2018 0 0
2019 and thereafter – –
Total ¥79,296 $843,574
Annual maturities of long-term debt and long-term capital lease obligations as of March 31, 2013, and for the next
five years and thereafter were as follows:
At March 31, 2013 and 2012, the following assets were pledged as collateral for short-term borrowings and long-
term debt of the Group:
Long-term debt amounting to ¥72,677 million ($773,160
thousand) (in which current portion of long-term debt
was ¥62,677 million ($666,777 thousand)) and ¥80,459
million (in which current portion of long-term debt was
¥70,459 million) at March 31, 2013 and 2012, respec-
tively, was borrowed by the Company and Tohoku
Pioneer Corporation in accordance with the syndi-
cated loan agreements contracted with the banks on
March 29, 2010, September 27, 2011, September
25, 2012 and March 26, 2013. These agreements
include certain financial covenants which require the
Company to maintain certain levels of equity on a con-
solidated and nonconsolidated basis and certain level
of operating income on consolidated basis.
Pioneer Corporation Annual Report 2013
37