Toshiba 2001 Annual Report Download - page 54

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52
Long-term debt at March 31, 2001 and 2000 comprise the following:
Thousands of
Millions of yen U.S. dollars
March 31 2001 2000 2001
Loans, principally from banks and insurance companies,
due 2001 to 2034 with interest ranging from
zero percent to 13.50 percent at March 31, 2001
and due 2000 to 2034 with interest ranging from
zero percent to 13.50 percent at March 31, 2000:
Secured ¥ 57,883 ¥ 49,913 $ 466,798
Unsecured 538,697 568,485 4,344,331
Unsecured yen bonds,
due 2001 to 2008 with interest ranging from
0.7 percent to 3.025 percent at March 31, 2001
and due 2001 to 2008 with interest ranging from
0.8 percent to 3.025 percent at March 31, 2000 438,422 500,000 3,535,661
Euro yen medium-term notes,
due 2001 to 2008 with interest ranging from
zero percent to 2.34 percent at March 31, 2001
and due 2000 to 2008 with interest ranging from
zero percent to 2.39 percent at March 31, 2000
(swapped for floating rate (LIBOR, etc.) or
fixed rate yen obligations) 58,925 62,975 475,202
6.75 percent Euro U.S. dollar medium-term notes due 2008
(swapped for fixed rate yen obligations) 630 630 5,081
1.8 percent unsecured yen convertible debentures
due 2002 convertible currently at ¥724 per share 17,736 17,742 143,032
Unsecured yen bonds of subsidiaries,
due 2002 to 2004 with interest ranging from
0.95 percent to 3.0 percent at March 31, 2001
and due 2000 to 2004 with interest ranging from
0.95 percent to 3.1 percent at March 31, 2000 19,000 29,000 153,226
1.825percent secured yen bonds of a subsidiary
due 2004 300 —2,419
Euro yen or U.S. dollar medium-term notes of subsidiaries,
due 2001 to 2011 with interest ranging from
zero percent to 7.26 percent at March 31, 2001
and due 2000 to 2010 with interest ranging from
0.03 percent to 6.61 percent at March 31, 2000
(swapped for floating rate (LIBOR, etc.) U.S. dollar,
Yen or Euro obligations) 118,341 140,345 954,363
2.2 percent secured yen convertible debentures
of a subsidiary due 2002 convertible currently
at ¥1,095.8 per share 8,017 8,017 64,653
Zero percent unsecured yen convertible debentures
of a subsidiary due 2004 convertible currently
at ¥803 per share 2,820 2,990 22,742
1,260,771 1,380,097 10,167,508
Less—Portion due within one year (270,466) (258,177) (2,181,177)
¥ 990,305 ¥1,121,920 $ 7,986,331
Certain of the secured loan agreements contain provisions which permit the lenders to require additional
collateral. Substantially all of the unsecured loan agreements permit the lenders to require collateral or
guarantors for such loans. Certain of the secured and unsecured loan agreements require prior approval
by the banks and trustees before any distributions (including cash dividends) may be made from current
or retained earnings.
Assets pledged as collateral for short-term borrowings and long-term debt at March 31, 2001 are property,
plant and equipment with a book value of ¥57,941 million ($467,266 thousand) and marketable securities
and other investments of ¥4,935 million ($39,798 thousand).