Eisai Co., Ltd. Annual Report 2001 - Eisai GmbH

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Proceeds from sales of available-for-sale securities for the year ended March 31, 2001 were ¥958 million ($7,726 thousand). Gross
realized gains on these sales, computed on the moving average cost basis, were ¥159 million ($1,282 thousand) .
The carrying values of debt securities by contractual maturities for securities classified as available-for-sale and held-to-maturity at
March 31, 2001 are as follows:
Millions of yen Thousands of U.S. dollars
Available Held to Available Held to
for Sale Maturity for Sale Maturity
Due in one year or less ¥266 ¥11,266 $2,145 $ 90,855
Due after one year through five years 11 19,508 89 157,322
Due after five years through ten years 19,153 154,460
Total ¥277 ¥49,927 $2,234 $402,637
Carrying amounts and aggregate market values of current and non-current marketable equity securities included in short-term
investments and investment securities at March 31, 2000 were as follows:
Millions of yen
Carrying Aggregate Unrealized
amount market value gain
Current ¥33,063 ¥39,557 ¥6,494
Non-current 4,064 5,179 1,115
Total ¥37,127 ¥44,736 ¥7,609
The difference between the above carrying amounts and the amounts shown in the accompanying consolidated balance sheets
principally consists of securities for which there is no readily-available market from which to obtain or calculate the market value
thereof.
Note 4. Inventories
Inventories at March 31, 2001 and 2000, consisted of the following:
Eisai Annual Report 2001
Millions of yen
Thousands of
U.S. dollars
2001 2000 2001
Merchandise and finished goods ¥17,238 ¥17,286 $139,016
Work in process and semi-finished goods 9,379 10,562 75,637
Raw materials and supplies 7,105 6,141 57,299
Total ¥33,722 ¥33,989 $271,952
Note 5. Bank Borrowings and Long-Term Debt
Bank borrowings are represented by principally unsecured bank loans with a weighted average interest rate of 1.25% and 1.08% at
March 31, 2001 and 2000, respectively.
Long-term debt at March 31, 2001 and 2000, consisted of the following:
Thousands of
Millions of yen U.S. dollars
2001 2000 2001
Unsecured borrowings from banks due through 2005,
with interest rates ranging from 1.20% to 1.31%
Secured borrowings from banks due through 2002,
¥ 350 ¥ 1,553 $ 2,823
with interest rates of 1.90% 67 115 540
1.50% secured Japanese yen straight bonds, due 2004 100 100 806
2.10% unsecured Japanese yen straight bonds, due 2000 10,000
2.40% unsecured Japanese yen straight bonds, due 2001 10,000 10,000 80,645
0.60% unsecured Japanese yen convertible bonds, due 2003 5,485 5,489 44,234
Total 16,002 27,257 129,048
Less current portion of long-term debt 10,155 11,551 81,895
Total ¥ 5,847 ¥15,706 $ 47,153
Most bond agreements prohibit the Company from entering into liens or mortgages for other bank borrowings and long-term debt
without providing the same or similar collateral to the bondholders as long as the bonds remain outstanding.
At March 31, 2001, land and buildings of certain subsidiaries of the Company with a total net book value of ¥1,262 million
($10,177 thousand) were pledged as collateral for short term bank borrowings of ¥290 million ($2,339 thousand), the 1.90% secured
borrowings of ¥67 million ($540 thousand) and the 1.50% secured Japanese yen straight bonds of ¥100 million ($806 thousand).
The conversion price of the 0.60% unsecured Japanese yen convertible bonds was ¥1,728.60 ($13.94) per share, subject to
adjustments to reflect stock splits and certain other events. Convertible bonds outstanding at March 31, 2001 were convertible into
3,173,088 shares of common stock.