Annual Report 2002 [PDF/1.6MB]

4. SHORT-TERM BORROWINGS AND LONG-TERM DEBTShort-term borrowings at March 31, 2002 and 2001 consisted of the following:Millions of Yen2002 2001Thousands ofU.S. Dollars2002Short-term borrowings principally from banks at March 31, 2002¥ 212,211¥ 248,503$ 1,592,578and 2001 represent short-term notes with interest on the principalat average rates of 1.3% and 1.4% per annum, respectivelyCurrent portion of long-term debt36,28942,847272,338¥ 248,500¥ 291,350$ 1,864,916Long-term debt at March 31, 2002 and 2001 consisted of the following:Millions of Yen2002 2001Thousands ofU.S. Dollars2002Unsecured loans from banks, insurance companies, government¥ 75,544¥ 106,863$ 566,935agencies and other financial institutions due through 2010, ataverage rates of 1.9% per annumSecured loans20,14327,076151,16795,687133,939718,102Less current portion(36,289)(42,847)(272,338)¥ 59,398¥ 91,092$ 445,764The aggregate annual maturities of long-term debt subsequent to March 31, 2002 are summarized as follows:Year ending March 31,200320042005200620072008 and thereafterMillions of Yen¥ 36,28919,4095,1062,29510,89521,693¥ 95,687Thousands ofU.S. Dollars$ 272,338145,65938,31917,22381,764162,799$ 718,10240