Sony 2003 Annual Report Download - page 189

Consolidated Financial Information 2003
- 103 -
Long-term debt comprises the following:
Yen in millions
Dollars in
millions
March 31 March 31,
2002 2003 2003
Unsecured loans, representing obligations principally to banks:
Due 2002 to 2018 with interest ranging from 1.46% to 5.67% per annum ¥ 45,055
Due 2003 to 2018 with interest ranging from 1.26% to 5.66% per annum ¥ 43,260 $ 361
Secured loans, representing obligations principally to banks:
Due 2002 to 2009 with interest ranging from 6.75% to 7.25% per annum 2,593 − −
Medium-term notes of consolidated subsidiaries:
Due 2002 to 2006 with interest ranging from 1.88% to 4.95% per annum 89,981
Due 2003 to 2006 with interest ranging from 1.28% to 4.95% per annum 78,099 651
Unsecured 1.5% convertible bonds, due 2002 218 − −
Unsecured 1.4% convertible bonds, due 2003, convertible currently at
¥2,707.8 ($23) for one common share, redeemable before due date 8,159 8,058 67
Unsecured 1.4% convertible bonds, due 2005, convertible currently at
¥3,995.5 ($33) for one common share, redeemable before due date 287,809 287,762 2,398
Unsecured 0.03% bonds, due 2004 with detachable warrants,
net of unamortized discount 3,857 3,919 33
Unsecured 0.1% bonds, due 2005 with detachable warrants,
net of unamortized discount 3,810 3,867 32
Unsecured 1.55% bonds, due 2006 with detachable warrants 12,000 12,000 100
Unsecured 0.9% bonds, due 2007 with detachable warrants 7,300 7,300 61
Unsecured 0.9% bonds, due 2007 with detachable warrants of subsidiary
tracking stock 150 150 1
Unsecured 1.42% bonds, due 2005, net of unamortized discount 99,986 99,990 833
Unsecured 0.64% bonds, due 2006, net of unamortized discount 99,991 99,992 833
Unsecured 2.04% bonds, due 2010, net of unamortized discount 49,975 49,978 417
Unsecured 1.52% bonds, due 2011, net of unamortized discount 49,995 49,996 417
Unsecured 6.125% U.S. dollar notes, due 2003, net of
unamortized discount 199,800 − −
Unsecured 2.5% bonds of a consolidated subsidiary, due 2003 15,035 − −
Unsecured 2.0% bonds, due 2005 15,000 15,000 125
Unsecured 1.99% bonds, due 2007 15,000 15,000 125
Unsecured 2.35% bonds, due 2010 4,900 4,900 41
Capital lease obligations:
Due 2002 to 2014 with interest ranging from 2.15% to 10.00% per annum 47,250
Due 2003 to 2014 with interest ranging from 2.15% to 17.29% per annum 39,899 332
Guarantee deposits received 21,539 22,654 189
1,079,403 841,824 7,016
Less – Portion due within one year 240,786 34,385 287
¥ 838,617 ¥807,439 $6,729
There are no significant adverse debt covenants or cross-default provisions relating to Sony’s borrowings.
In accordance with the requirements of FAS No. 133, the hedged portion of Sony’s fixed-rate debt is
reflected in the consolidated balance sheet at fair value, which reflects any adjustment in the value attributable
to movements in related market interest and foreign exchange rates.