Annual Report 2008

KAWASAKI HEAVY INDUSTRIES, LTD.(d) Sales amounts of available-for-sale securities and related gains and losses for the years ended March 31, 2008,2007 and 2006 were as follows:Thousands ofMillions of yenU.S. dollars2008SalesSalesamounts Gains Losses amounts Gains LossesEquity securities ....................................................... ¥729 ¥465 ¥— $7,275 $4,640 $—Millions of yen2007Salesamounts Gains LossesEquity securities ....................................................... ¥1,493 ¥880 ¥(0)Millions of yen2006Salesamounts Gains LossesEquity securities ....................................................... ¥6,319 ¥4,398 ¥(18)4. Investments inNonconsolidatedSubsidiariesand AffiliatesInvestments in nonconsolidated subsidiaries and affiliates as of March 31, 2008 and 2007 were ¥22,862 million($228,163 thousand) and ¥22,009 million, respectively.5. GoodwillGoodwill included in intangible and other assets was as follows:Thousands ofMillions of yenU.S. dollars2008 2007 2008¥41 ¥212 $409446. Short-TermBorrowingsand Long-TermDebtShort-term borrowings and long-term debt as of March 31, 2008 and 2007 comprised the following:Thousands ofMillions of yenU.S. dollars2008 2007 2008Short-term borrowings:Short-term debt, principally bank loans, bearing averageinterest rates of 2.904 percent and 3.757 percent as ofMarch 31, 2008 and 2007, respectively ......................................... ¥112,654 ¥106,520 $1,124,292Current portion of long-term debt, bearing averageinterest rates of 1.274 percent and 1.158 percent as ofMarch 31, 2008 and 2007, respectively ......................................... 25,027 31,943 249,770Total short-term debt .................................................................. ¥137,681 ¥138,463 $1,374,062Long-term debt:Loans from banks and other financial institutions, partly securedby mortgage or other collateral, due from 2007 to 2035,bearing average interest rates of 1.487 percent and1.457 percent as of March 31, 2008 and 2007, respectively .......... ¥ 85,285 ¥ 96,871 $ 851,147Notes and bonds issued by the Company:2.00 percent notes due 2007 .................................................. — 10,000 —2.51–2.775 percent notes due 2008 ........................................ 10,000 20,000 99,8001.07–2.33 percent notes due 2009 .......................................... 20,000 20,000 199,6001.52–1.60 percent notes due 2011........................................... 20,000 20,000 199,6001.84 percent notes due 2013 .................................................. 10,000 10,000 99,8000.90 percent convertible bonds due 2008 ................................ 7,518 7,518 75,0301.00 percent convertible bonds due 2011 ................................ 7,038 7,039 70,240Zero coupon convertible bonds due 2010* .............................. 477 612 4,761Zero coupon convertible bonds due 2011* .............................. 3,475 5,657 34,682................................................................................................................ 163,793 197,697 1,634,660Less portion due within one year ..................................................... (25,027) (31,943) (249,770)Total long-term debt ................................................................... ¥138,766 ¥165,754 $1,384,890*As of March 31, 2008, all the decreases in the zero coupon convertible bonds due in 2010 and 2011 resulted fromconversions.