Yamaha 2008 Annual Report Download - page 74

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72 Yamaha Corporation
3. U.S. DOLLAR AMOUNTS
Solely for the convenience of the reader, the accompanying consolidated financial statements for the year ended March 31,
2008 have been presented in U.S. dollars by translating all yen amounts at ¥100.19 = U.S.$1.00, the exchange rate prevailing
on March 31, 2008. This translation should not be construed as a representation that yen have been, could have been, or could
in the future be converted into U.S. dollars at the above or any other rate.
4. INVESTMENT SECURITIES
Investment securities at March 31, 2008 and 2007 were as follows:
Millions of Yen
Thousands of
U.S. Dollars
(Note 3)
2008 2007 2008
Investments in and advances to unconsolidated subsidiaries and affiliates ¥ 2,573 ¥110,580 $ 25,681
Other 107,370 39,789 1,071,664
Investment securities ¥109,943 ¥150,369 $1,097,345
5. ACCUMULATED DEPRECIATION
Accumulated depreciation at March 31, 2008 and 2007 amounted to ¥215,202 million ($2,147,939 thousand) and ¥250,745
million, respectively.
6. SHORT-TERM LOANS AND LONG-TERM DEBT
Short-term loans consisted of unsecured loans payable to banks at weighted-average interest rates of 2.7% and 2.5% per
annum at March 31, 2008 and 2007, respectively.
Long-term debt at March 31, 2008 and 2007 consisted of the following:
Millions of Yen
Thousands of
U.S. Dollars
(Note 3)
2008 2007 2008
Long-term debt from banks at average interest rates of 2.9% and 3.3% for the
current and noncurrent portions, respectively ¥6,618 ¥10,434 $66,054
Total long-term debt 6,618 10,434 66,054
Less: Current portion 4,472 4,301 44,635
¥2,145 ¥ 6,132 $21,409
The assets pledged as collateral for long-term debt and certain other current liabilities at March 31, 2008 and 2007 were
as follows:
Millions of Yen
Thousands of
U.S. Dollars
(Note 3)
2008 2007 2008
Marketable securities ¥ 600 ¥ 399 $ 5,989
Property, plant and equipment, net of accumulated depreciation 207 207 2,066
Investment securities 695 1,059 6,937
¥1,503 ¥1,666 $15,001