Toshiba 1999 Annual Report Download - page 59

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57.
TOSHIBA ANNUAL REPORT 1999
Substantially all of the short-term borrowings are with banks which have written basic agreements with the company to the
effect that, with respect to all present or future loans with such banks, the company shall provide collateral (including sums on
deposit with such banks) or guarantors immediately upon the bank’s request and that any collateral furnished pursuant to such
agreements or otherwise will be applicable to all indebtedness to such banks.
At March 31, 1999, the company and subsidiaries had unused committed lines of credit from short-term financing arrange-
ments aggregating ¥211,792 million ($1,750,347 thousand), of which ¥63,892 million ($528,033 thousand) was in support of the
company’s commercial papers. These lines of credit have commitment fee requirements.
Long-term debt at March 31, 1999 and 1998 comprise the following:
Thousands of
Millions of yen U.S. dollars
March 31 1999 1998 1999
Loans, principally from banks and insurance companies,
due 1999 to 2032 with interest ranging from 0.42 percent
to 7.86 percent at March 31, 1999 and
due 1998 to 2028 with interest ranging from 0.57 percent
to 15.37 percent at March 31, 1998:
Secured . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 62,337 ¥ 62,372 $ 515,182
Unsecured. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 620,747 643,640 5,130,140
Unsecured yen bonds,
due 2000 to 2008 with interest ranging from
1.1 percent to 3.025 percent at March 31, 1999 and
due 1999 to 2008 with interest ranging from
1.25 percent to 3.025 percent at March 31, 1998 . . . . . . . . . . . . . . . . . . . 510,000 390,000 4,214,876
Euro yen medium-term notes,
due 2001 to 2009 with interest ranging from
zero percent to 2.34 percent at March 31, 1999 and
due 2001 to 2008 with interest ranging from
zero percent to 2.00 percent at March 31, 1998
(swapped for floating rate (LIBOR, etc.) or fixed rate yen obligations) . . 63,500 30,500 524,793
6.75 percent Euro U.S. dollar medium-term notes due 2008
(swapped for fixed rate yen obligations) . . . . . . . . . . . . . . . . . . . . . . . . . 630 630 5,207
Unsecured convertible debentures:
1.4 percent yen debentures due 1999 convertible currently
at ¥1,307 per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . –149,004 –
1.8 percent yen debentures due 2002 convertible currently
at ¥724 per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,747 17,747 146,669
Unsecured yen bonds of subsidiaries,
due 2000 to 2004 with interest ranging from
2.37 percent to 3.1 percent at March 31, 1999 and
due 2000 with interest ranging from
2.8 percent to 3.1 percent at March 31, 1998 . . . . . . . . . . . . . . . . . . . . . . 20,000 10,000 165,289
Yen or U.S. dollar medium-term notes of subsidiaries,
due 1999 to 2009 with interest ranging from
zero percent to 5.72 percent at March 31, 1999 and
due 1998 to 2007 with interest ranging from
0.20 percent to 15.00 percent at March 31, 1998
(swapped for floating rate (LIBOR, etc.) U.S. dollar obligations) . . . . . . 111,179 76,009 918,835
2.2 percent secured yen convertible debentures of a subsidiary
due 2002 convertible currently at ¥1,095.8 per share . . . . . . . . . . . . . . . 8,117 –67,083
1,414,257 1,379,902 11,688,074
Less – Portion due within one year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (235,846) (367,552) (1,949,140)
¥1,178,411 ¥1,012,350 $ 9,738,934