Yamaha 2001 Annual Report Download - page 32

Download and view the complete annual report

Please find page 32 of the 2001 Yamaha annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 44

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44

30
4. INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED SUBSIDIARIES AND AFFILIATES
Investment securities and investment in and advances to unconsolidated subsidiaries and affiliates at March 31, 2001 and 2000
were as follows:
Thousands of
Millions of Yen U.S. Dollars
2001 2000 2001
Investment securities.................................................................................................................... ¥38,752 ¥35,409 $312,768
Investment in and advances to unconsolidated subsidiaries and affiliates...................................... 46,138 43,065 372,381
.................................................................................................................................................... ¥84,890 ¥78,474 $685,149
5. ACCUMULATED DEPRECIATION
Accumulated depreciation at March 31, 2001 and 2000 were ¥210,744 million ($1,700,920 thousand) and ¥226,825 million,
respectively.
6. SHORT-TERM LOANS AND LONG-TERM DEBT
Short-term loans consisted of unsecured loans payable to banks at the weighted average interest rates of 3.1% and 3.0% per annum
at March 31, 2001 and 2000, respectively.
Long-term debt at March 31, 2001 consisted of the following:
Thousands of
Millions of Yen U.S. Dollars
Loans from banks, due through 2018 at average
rates of 3.8% and 2.0% for current
and noncurrent portion, respectively.......................................................................................................... ¥20,638 $166,570
1.9% unsecured convertible bonds, due 2004 .............................................................................................. 24,317 196,263
Total long-term debt.................................................................................................................................... 44,955 362,833
Less: Current portion.................................................................................................................................. 10,160 82,002
.................................................................................................................................................................... ¥34,795 $280,831
On September 30, 1988, the Company issued 1.9% unsecured convertible bonds, due 2004, which are convertible into com-
mon stock of the Company at ¥2,200 per share during the period from November 1, 1988 to March 31, 2004.
The assets pledged as collateral for long-term debt and certain other current liabilities at March 31, 2001 were as follows:
Thousands of
Millions of Yen U.S. Dollars
Bank deposits............................................................................................................................................... ¥ 30 $ 242
Marketable securities.................................................................................................................................... 1,149 9,274
Property, plant and equipment, net of accumulated depreciation................................................................. 16,316 131,687
Other assets ................................................................................................................................................. 1,449 11,695
The aggregate annual maturities of long-term debt subsequent to March 31, 2001 are as follows:
Thousands of
Year ended March 31 Millions of Yen U.S. Dollars
2002 ............................................................................................................................................................ ¥10,160 $ 82,002
2003 ............................................................................................................................................................ 8,689 70,129
2004 ............................................................................................................................................................ 24,494 197,692
2005 ............................................................................................................................................................ 22 177
206 and thereafter........................................................................................................................................ 1,590 12,833
.................................................................................................................................................................... ¥44,955 $362,833