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39
TOSHIBA Annual Report 2014
Substantially all of the short-term borrowings are with banks which have written basic agreements with the Group to the
effect that, with respect to all present or future loans with such banks, the Group shall provide collateral (including sums
on deposit with such banks) or guaranties immediately upon the bank's request, and that any collateral furnished
pursuant to such agreements or otherwise shall be applicable to all indebtedness to such banks.
At March 31, 2014, the Group had unused committed lines of credit from short-term financing arrangements
aggregating ¥342,000 million ($3,320,388 thousand). The lines of credit expire on various dates from April 2014 through
March 2015. Under the agreements, the Group is required to pay commitment fees ranging from 0.030 percent to 0.100
percent on the unused portion of the lines of credit.
Long-term debt at March 31, 2014 and 2013 consist of the following:
Millions of yen
Thousands of
U.S. dollars
March 31 2014 2013 2014
Loans, principally from banks,
due฀2014฀to฀2027฀with฀weighted-average฀interest฀rate
of฀0.53%฀at฀March฀31,฀2014,฀and฀due฀2013฀to฀2027฀with
weighted-average฀interest฀rate฀of฀0.61%฀at฀March฀31,฀2013:
Secured ¥ − ¥ 19,206 $ −
Unsecured 688,018 756,008 6,679,786
Unsecured฀yen฀bonds,฀due฀2015฀to฀2020฀with฀interest฀rates
ranging฀from฀0.25%฀to฀2.20%฀at฀March฀31,฀2014,฀and฀due
2013฀to฀2020฀with฀interest฀rates฀ranging฀from฀0.62%฀to
2.20%฀at฀March฀31,฀2013 340,000 290,000 3,300,971
Interest deferrable and early redeemable subordinated bonds:
Due฀2069฀with฀interest฀rate฀of฀7.50%฀at฀March฀31,฀2014฀and฀2013 180,000 180,000 1,747,573
Capital lease obligations 34,264 34,909 332,660
1,242,282 1,280,123 12,060,990
Less-Portion฀due฀within฀one฀year (57,418) (241,675) (557,456)
¥ 1,184,864 ¥ 1,038,448 $ 11,503,534
Substantially all of the unsecured loan agreements permit the lenders to require collateral or guaranties for such loans.
The carrying amount of corresponding notes and accounts receivable, trade and long-term receivables which were
accounted for as secured borrowings under ASC No.860 at March 31, 2013 were ¥26,978 million.
The aggregate annual maturities of long-term debt, as of March 31, 2014, excluding those of capital lease obligations, are
as follows:
Year ending March 31 Millions of yen
Thousands of
U.S. dollars
2015 ¥ 47,925 $ 465,291
2016 204,781 1,988,165
2017 203,063 1,971,486
2018 235,678 2,288,136
2019 131,568 1,277,359
Thereafter 385,003 3,737,893
¥ 1,208,018 $ 11,728,330