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SHARP ANNUAL REPORT 2005 38
Bank loans........................................................................................................
Banker’s acceptances payable .........................................................................
Commercial paper.............................................................................................
Current portion of long-term debt......................................................................
$ 992,358
755
1,563,557
882,490
$ 3,439,160
¥ 105,190
80
165,737
93,544
¥ 364,551
¥ 84,987
129
82,234
48,227
¥ 215,577
Long-term debt as of March 31, 2004 and 2005 consisted of the following:
0.0%–3.5% unsecured loans principally from banks, due 2004 to 2018 ...........
1.60% unsecured convertible bonds, due 2004 ...............................................
2.00% unsecured straight bonds, due 2005 .....................................................
1.65% unsecured straight bonds, due 2005 .....................................................
0.57% unsecured straight bonds, due 2007 .....................................................
0.05%–1.47% unsecured Euroyen notes issued by a consolidated subsidiary,
due 2004 to 2008 ...........................................................................................
6.00%–7.20% mortgage loans for employees’ housing from a
government-sponsored agency, due 2004 to 2009.........................................
0.48%
–
0.93% payables under securitized lease receivables, due 2004 to 2011
......
Less-Current portion included in short-term borrowings....................................
$ 892,141
—
283,019
94,340
471,698
267,925
28
390,924
2,400,075
(882,490)
$ 1,517,585
¥ 94,567
—
30,000
10,000
50,000
28,400
3
41,438
254,408
(93,544)
¥ 160,864
¥ 101,966
26,940
30,000
10,000
50,000
29,400
6
25,690
274,002
(48,227)
¥ 225,775
200520052004
Yen
(millions) U.S. Dollars
(thousands)
200520052004
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, 2004 and 2005 were 1.3% and
1.1%, 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, 2004 and 2005 consisted of the following:
The following is a summary of the terms of conversion and redemption of the convertible bonds:
1.60% The convertible bonds, due 2004 ¥1,554.00 At 106% to 100% of principal after September 30, 1997,
decreasing 1% annually
Redemption at the option of the CompanyConversion price