Toshiba 2004 Annual Report Download - page 57

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55
Long-term debt at March 31, 2004 and 2003 comprise the following:
Thousands of
Millions of yen U.S. dollars
March 3 1 2004 2003 2004
Loans, principally from banks and insurance companies, due
2004 to 2032 with weighted average interest rate of 0.89%
at March 31, 2004 and due 2003 to 2034 with weighted
average interest rate of 1.15% at March 31, 2003:
Secured ¥ 8,994 ¥ 11,233 $ 84,849
Unsecured 324,8 69 597,895 3,06 4,802
Unsecured yen bonds, due 2004 to 2008 with interest ranging
from 0.40% to 3.025% at March 31, 2004 and due 2003
to 2008 with interest ranging from 0.49% to 3.025% at
March 31, 2003 415,425 475,667 3,919,104
Euro yen medium-term notes, due 2004 to 2008 with interest
ranging from zero % to 2.34% at March 31, 2004 and due
2003 to 2008 with interest ranging from zero % to 2.34%
at March 31, 2003 (swapped for floating rate (LIBOR, etc.)
or fixed rate yen obligations) 16,000 28,525 150,943
Unsecured yen bonds of subsidiaries, due 2004 with interest
rate of 1.69% at March 31, 2004 and due 2004 with interest
ranging from 1.69% to 3.00% at March 31, 2003 7,00 0 12,000 6 6,038
1.825% secured yen bonds of a subsidiary due 2004 300 300 2,830
Euro yen medium-term notes of subsidiaries, due 2004 to
2013 with interest ranging from 0.08% to 2.60% at March
31, 2004 and due 2003 to 2012 with interest ranging
from 0.09% to 3.70% at March 31, 2003 (swapped for
floating rate (LIBOR, etc.) U.S. dollar, Yen or Euro obligations) 74,451 96,959 702,368
Zero % unsecured yen convertible debentures of a subsidiary
due 2004 convertible currently at ¥803 per share —2,820 —
Capital lease obligations 45,706 —431,189
892,745 1,225,399 8,422,123
Less—Portion due within one year (190,8 21) (343,373) (1,800,19 8)
¥ 70 1,924 ¥ 882,026 $ 6,621,925
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, 2004 are property, plant
and equipment with a book value of ¥41,213 million ($388,802 thousand).
The aggregate annual maturities of long-term debt, excluding those of capital lease obligations are as follows:
Thousands of
Year ending March 31 Millions of yen U.S. dollars
2005 ¥169,744 $1,601,358
2006 223,143 2,105,123
2007 148,094 1,397,113
2008 89,674 845,981
2009 101,865 960,991
Thereafter 114,519 1,080,368
¥ 847,039 $7,990,934