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58 Yamaha Annual Report 2005
6. SHORT-TERM LOANS AND LONG-TERM DEBT
Short-term loans consisted of unsecured loans payable to banks at weighted-average interest rates of 2.0% and 1.9% per annum
at March 31, 2005 and 2004, respectively.
Long-term debt at March 31, 2005 and 2004 consisted of the following:
The assets pledged as collateral for long-term debt and certain other current liabilities at March 31, 2005 and 2004 were as follows:
The aggregate annual maturities of long-term debt subsequent to March 31, 2005 are summarized as follows:
7. DEFERRED GAIN OR LOSS ON HEDGES
Deferred gain or loss on hedges at March 31, 2005 and 2004 were as follows:
8. LAND REVALUATION
The Company, two consolidated subsidiaries and an affiliate have carried over the revaluation of their landholdings at the following
dates in accordance with the “Law Concerning the Revaluation of Land” (Law No. 34 published on March 31, 1998).
March 31,
Marketable securities
Property, plant and equipment, net of accumulated depreciation
Investment securities
2005
$ 2,328
3,520
14,098
$ 19,955
2004
¥ 1,100
2,577
929
¥ 4,607
2005
¥ 250
378
1,514
¥ 2,143
Millions of Yen
Thousands of
U.S. Dollars
Year ending March 31,
2006
2007
2008
2009
2010 and thereafter
$ 207,272
45,553
15,094
—
—
$ 267,933
¥ 22,259
4,892
1,621
—
—
¥ 28,773
Millions of Yen
Thousands of
U.S. Dollars
Deferred gain on hedges
Deferred loss on hedges
Deferred (loss) gain on hedges, net
2005
$ 223
(4,619)
$ (4,395)
2004
¥ 811
(5)
¥ 805
2005
¥24
(496)
¥ (472)
Millions of Yen
Thousands of
U.S. Dollars
A consolidated subsidiary and an affiliate
The Company and a consolidated subsidiary
March 31, 2000
March 31, 2002
Dates of Revaluation
Loans from banks, due through 2008 at average rates of 1.1% and 1.9% for
current and noncurrent portions, respectively
Total long-term debt
Less: Current portion and convertible bonds scheduled for redemption
2005
$ 267,929
267,929
207,272
$ 60,661
2004
¥ 32,160
32,160
7,388
¥ 24,772
2005
¥ 28,773
28,773
22,259
¥ 6,514
Millions of Yen
Thousands of
U.S. Dollars