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40 Sharp Annual Report 2004
Bank loans ......................................................................................................
Banker’s acceptances payable........................................................................
Commercial paper...........................................................................................
Current portion of long-term debt ....................................................................
$ 809,400
1,228
783,181
459,305
$ 2,053,114
¥ 84,987
129
82,234
48,227
¥ 215,577
¥ 109,429
129
104,747
28,240
¥ 242,545
Long-term debt as of March 31, 2003 and 2004 consisted of the following:
0.3%–3.5% unsecured loans principally from banks, due 2003 to 2018 .........
1.60% unsecured convertible bonds, due 2004 ..............................................
2.00% unsecured straight bonds, due 2005....................................................
1.30% unsecured straight bonds, due 2003....................................................
1.65% unsecured straight bonds, due 2005....................................................
0.57% unsecured straight bonds, due 2007....................................................
0.10%—1.47% unsecured Euroyen notes issued by a consolidated subsidiary,
due 2003 to 2008..........................................................................................
4.45%–7.20% mortgage loans for employees’ housing from a
government-sponsored agency, due 2003 to 2009 .......................................
0.48%—0.93% payables under securitized lease receivables, due 2003 to 2010
...
Less-Current portion included in short-term borrowings ..................................
$ 971,105
256,571
285,714
—
95,238
476,191
280,000
57
244,667
2,609,543
(459,305)
$ 2,150,238
¥ 101,966
26,940
30,000
—
10,000
50,000
29,400
6
25,690
274,002
(48,227)
¥ 225,775
¥ 111,389
26,951
30,000
10,000
10,000
50,000
32,178
11
16,700
287,229
(28,240)
¥ 258,989
Other current assets........................................................................................
Prepaid expenses and other............................................................................
Other current liabilities .....................................................................................
Other long-term liabilities .................................................................................
Net deferred tax assets ...................................................................................
$ 393,010
291,295
(209)
(22,067)
$ 662,029
¥ 41,266
30,586
(22)
(2,317)
¥ 69,513
¥ 41,052
36,249
(46)
(2,888)
¥ 74,367
Net deferred tax assets and liabilities as of March 31, 2003 and 2004 were included in the consolidated balance sheets
as follows:
200420042003
Yen
(millions) U.S. Dollars
(thousands)
200420042003
Yen
(millions) U.S. Dollars
(thousands)
200420042003
Yen
(millions) U.S. Dollars
(thousands)
5. Short-term Borrowings and Long-term Debt
The weighted average interest rates of short-term bor-
rowings as of March 31, 2003 and 2004 were 1.5% and
1.3%, respectively. The Company and its consolidated
subsidiaries have had no difficulty in renewing such loans
when they have considered such renewal advisable.
Short-term borrowings including current portion of long-term debt as of March 31, 2003 and 2004 consisted of the following: