Sony 2003 Annual Report Download - page 190
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Consolidated Financial Information 2003
- 104 -
A summary of the exercise rights of the detachable warrants as of March 31, 2003 is as follows:
Exercise price Number of shares
Issued on Exercisable during Yen Dollars per warrant Status of exercise
August 17, 1998 September 1, 1999
through
August 16, 2004
¥ 6,264 $ 52 319 shares of
common stock of
Sony Corporation
230 warrants exercised;
1,770 warrants outstanding
August 23, 1999 September 1, 2000
through
August 22, 2005
7,167 60 279 shares of
common stock of
Sony Corporation
2,000 warrants outstanding
October 19, 2000 November 1, 2001
through
October 18, 2006
12,457 104 100 shares of
common stock of
Sony Corporation
9,600 warrants outstanding
December 21, 2001 January 6, 2003
through
December 20,
2007
6,039 50 100 shares of
common stock of
Sony Corporation
11,534 warrants outstanding
December 21, 2001 June 20, 2002
through
June 20, 2007
3,300 28 75 shares of
subsidiary
tracking stock
600 warrants outstanding
Aggregate amounts of annual maturities of long-term debt during the next five years are as follows:
Year ending
March 31
Yen in millions
Dollars in
millions
2004 ¥ 34,385 $ 287
2005 313,905 2,616
2006 158,304 1,319
2007 173,866 1,449
2008 25,157 210
At March 31, 2003, Sony had unused committed lines of credit amounting to ¥930,629 million ($7,755
million) and can generally borrow up to 90 days from the banks with whom Sony has committed line contracts.
Furthermore, Sony has Commercial Paper Programs, the size of which was ¥2,060,000 million ($17,167
million). At March 31, 2003, the total outstanding balance of commercial paper was ¥52,820 million ($440
million). Under those programs, Sony can issue commercial paper for the period generally not in excess of 270
days up to the size of the programs. In addition, Sony has Medium Term Notes programs, the size of which
was ¥1,200,000 million ($10,000 million). At March 31, 2003, the total outstanding balance of Medium Term
Notes was ¥78,099 million ($651 million).
The basic agreements with certain banks in Japan include provisions that collateral (including sums on
deposit with such banks) or guarantors will be furnished upon the banks' request and that any collateral