Ricoh 2000 Annual Report Download - page 42

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40
9. LONG-TERM INDEBTEDNESS
Long-term indebtedness as of March 31, 1999 and 2000 consists of the following:
Thousands of
U.S. dollars
2000
Millions of yen
(Per share)
Conversion
price
1999
2000
Convertible bonds—
1.8%, payable in yen, due March 2002
1.5%, payable in yen, due March 2002
0.35%, payable in yen, due March 2003
0.4%, payable in yen, due September 2002 issued by a consolidated subsidiary
0.375%, payable in yen, due March 2001 issued by a consolidated subsidiary
Total convertible bonds
Bonds—
2.075%, straight bonds, payable in yen, due April 2005
2.9%, straight bonds, payable in yen, due August 2001
1.17%, straight bonds, payable in yen, due June 2004
0.9%, straight bonds, payable in yen, due June 2003
2.1%, straight bonds, payable in yen, due October 2009
1.1%, straight bonds, payable in yen, due February 2004
7.0%, straight bonds, payable in yen, due January 2000
3.75%, straight bonds, payable in yen, due October 1999
Medium term notes, 0.05%–6.33 %, due through 2008
Total bonds
Unsecured loans—
Banks and insurance companies, 0.31%–8.50%, due through 2012
Secured loans—
Banks, insurance companies, and other financial institution, 0%–18.36%, due through 2020
Capital lease obligations (see Note 2 (f))
Total
Less—Current maturities included in current liabilities
¥ 824.70
993.00
1,210.00
2,296.00
1,100.00
¥ 1,485
33,421
30,214
10,000
4,920
80,040
40,000
10,000
—
—
—
—
50,072
15,000
19,827
134,899
209,878
10,106
4,083
439,006
(94,426)
¥ 344,580
¥ 1,417
33,287
29,891
6,208
2,990
73,793
40,000
10,000
10,000
5,000
10,000
10,000
—
—
12,179
97,179
179,498
10,673
3,900
365,043
(57,081)
¥ 307,962
$ 13,757
323,175
290,204
60,272
29,029
716,437
388,350
97,087
97,087
48,544
97,087
97,087
—
—
118,243
943,485
1,742,699
103,621
37,864
3,544,106
(554,184)
$ 2,989,922
Short-term borrowings as of March 31, 1999 and 2000 consist of the following:
Thousands of
U.S. dollars
2000
$ 1,146,417
310,680
$ 1,457,097
8. SHORT-TERM BORROWINGS AND TRADE NOTES RECEIVABLE DISCOUNTED WITH BANKS
Borrowings, principally from banks
Commercial paper
Millions of yen
2000
¥ 118,081
32,000
¥ 150,081
¥ 178,072
36,218
¥ 214,290
1999
Weighted average
interest rate
2000
2.1%
0.1
2.5%
0.7
notes receivable discounted and/or long-term loans; however, there are no formal
compensating balance agreements with any banks. The weighted average interest
rate on these time deposits was 0.1% as of March 31, 2000.
The Company and certain of its subsidiaries had unused lines of credit
amounting to ¥314,348 million ($3,051,922 thousand) of which ¥209,483 mil-
lion ($2,033,816 thousand) related to commercial paper and medium-term notes
programs at prevailing interest rates.
The Company and certain of its subsidiaries regularly discount trade notes
receivable on a full recourse basis with banks. These trade notes receivable dis-
counted are contingent liabilities. The weighted average interest rates on these
trade notes receivable discounted were 1.5% as of March 31, 1999 and 4.3% as of
March 31, 2000, respectively.
As is the customary practice in Japan, certain subsidiaries have substantial
time deposits with banks from which they have short-term borrowings, trade
1999