Toshiba 2006 Annual Report Download - page 73

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27
26
9. SHORT-TERM BORROWINGS AND LONG-TERM DEBT
Short-term borrowings at March 31, 2006 and 2005 consist of the following:
Thousands of
Millions of yen U.S. dollars
March 31 2006 2005 2006
Loans, principally from banks, including bank
overdrafts, with weighted-average interest rate of
4.79% at March 31, 2006 and 2.10% at March 31, 2005:
Secured ¥ — ¥354 $—
Unsecured 108,440 162,876 926,837
Euro yen medium-term notes of a subsidiary, with
weighted-average interest rate of 0.13% at March 31,
2006 and 0.10% at March 31, 2005 (swapped for floating
rate (LIBOR, etc.) Euro obligations) 29,968 32,442 256,137
Euro medium-term note of a subsidiary, with interest
rate of 2.69% at March 31, 2006 and 2.22% at March 31, 2005 4,122 2,093 35,231
¥142,530 ¥197,765 $1,218,205
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, 2006, the Company had unused committed lines of credit from short-term financing arrangements aggregating
¥259,795 million ($2,220,470 thousand), of which ¥18,795 million ($160,641 thousand) was in support of the Company’s commer-
cial paper. The lines of credit expire on various dates from April 2006 through March 2007. Under the agreements, the Company
is required to pay commitment fees ranging from 0.065 percent to 0.120 percent on the unused portion of the lines of credit.
Long-term debt at March 31, 2006 and 2005 consist of the following:
Thousands of
Millions of yen U.S. dollars
March 31 2006 2005 2006
Loans, principally from banks and insurance companies,
due 2006 to 2029 with weighted-average interest rate
of 0.91% at March 31, 2006 and due 2005 to 2032 with
weighted-average interest rate of 0.69% at March 31, 2005:
Secured ¥ 5,383 ¥ 7,127 $ 46,009
Unsecured 285,019 287,698 2,436,060
Unsecured yen bonds, due 2006 to 2008 with interest
ranging from 0.40% to 3.025% at March 31, 2006 and due
2005 to 2008 with interest ranging from 0.40% to
3.025% at March 31, 2005 245,522 359,230 2,098,479
Zero Coupon Convertible Bonds with stock acquisition rights:
Due 2009 convertible currently at ¥587 per share 50,000 50,000 427,350
Due 2011 convertible currently at ¥542 per share 100,000 100,000 854,701
Euro yen medium-term notes, due 2007 to 2008 with interest
ranging from 0.56% to 2.34% at March 31, 2006 and due
2005 to 2008 with interest ranging from 0.47% to 2.34% at March 31, 2005
(swapped for floating rate (LIBOR, etc.) Yen obligations) 3,000 8,000 25,641
Euro yen medium-term notes of subsidiaries, due 2006 to
2015 with interest ranging from 0.07% to 2.71% at
March 31, 2006 and due 2005 to 2014 with interest ranging from
0.09% to 3.55% at March 31, 2005 (swapped for floating rate
(LIBOR, etc.) U.S. dollar, Yen or Euro obligations) 52,178 55,524 445,966
Capital lease obligations 33,886 46,102 289,624
774,988 913,681 6,623,830
Less—Portion due within one year (163,558) (230,285) (1,397,932)
¥611,430 ¥ 683,396 $ 5,225,898