Sony 2006 Annual Report Download - page 111

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109
Long-term debt comprises the following:
Dollars in
Yen in millions millions
March 31 2005 2006 2006
Secured loans, representing obligations to banks:
Due 2005 to 2008 with interest of 2.20% per annum . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥ 1,122 — —
Unsecured loans, representing obligations principally to banks:
Due 2005 to 2017 with interest ranging from 0.23% to 5.89% per annum . . . . . . . . . . . . . . . . . . . .
113,436
Due 2006 to 2015 with interest ranging from 0.13% to 5.89% per annum . . . . . . . . . . . . . . . . . . . .
¥128,148 $1,095
Medium-term notes of consolidated subsidiaries:
Due 2006 with interest ranging from 2.78% to 4.95% per annum . . . . . . . . . . . . . . . . . . . . . . . . . .
58,755
Due 2006 with interest of 4.95% per annum . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
58,698 502
Unsecured zero coupon convertible bonds, due 2008, convertible currently at ¥5,605 ($48) for
one common share, redeemable before due date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
250,000 250,000 2,137
Unsecured 0.1% bonds, due 2005 with detachable warrants, net of unamortized discount . . . . . . . . .
3,981 ——
Unsecured 1.55% bonds, due 2006 with detachable warrants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12,000 12,000 103
Unsecured 0.9% bonds, due 2007 with detachable warrants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7,300 7,300 62
Unsecured 0.9% bonds, due 2007 with detachable warrants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
150 150 1
Unsecured 1.42% bonds, due 2005, net of unamortized discount . . . . . . . . . . . . . . . . . . . . . . . . . . . .
99,998 ——
Unsecured 0.64% bonds, due 2006, net of unamortized discount . . . . . . . . . . . . . . . . . . . . . . . . . . . .
99,996 99,999 855
Unsecured 1.01% bonds, due 2010, net of unamortized discount . . . . . . . . . . . . . . . . . . . . . . . . . . . .
—39,996 342
Unsecured 2.04% bonds, due 2010, net of unamortized discount . . . . . . . . . . . . . . . . . . . . . . . . . . . .
49,984 49,987 427
Unsecured 0.80% bonds, due 2010, net of unamortized discount . . . . . . . . . . . . . . . . . . . . . . . . . . . .
—49,991 427
Unsecured 1.52% bonds, due 2011, net of unamortized discount . . . . . . . . . . . . . . . . . . . . . . . . . . . .
49,997 49,997 427
Unsecured 1.16% bonds, due 2012, net of unamortized discount . . . . . . . . . . . . . . . . . . . . . . . . . . . .
—39,981 342
Unsecured 1.52% bonds, due 2013, net of unamortized discount . . . . . . . . . . . . . . . . . . . . . . . . . . . .
—34,997 299
Unsecured 1.57% bonds, due 2015, net of unamortized discount . . . . . . . . . . . . . . . . . . . . . . . . . . . .
—29,980 256
Unsecured 1.75% bonds, due 2015, net of unamortized discount . . . . . . . . . . . . . . . . . . . . . . . . . . . .
—24,993 214
Unsecured 2.0% bonds, due 2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15,000 ——
Unsecured 1.99% bonds, due 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15,000 15,000 128
Unsecured 2.35% bonds, due 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4,900 4,900 42
Capital lease obligations:
Due 2005 to 2019 with interest ranging from 1.55% to 30.00% per annum . . . . . . . . . . . . . . . . . . .
40,301
Due 2006 to 2019 with interest ranging from 1.45% to 16.00% per annum . . . . . . . . . . . . . . . . . . .
38,280 327
Guarantee deposits received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23,942 24,056 206
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
845,862 958,453 8,192
Less—Portion due within one year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
166,870 193,555 1,654
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥678,992 ¥764,898 $6,538
There are no adverse debt covenants or cross-default provisions relating to Sony’s borrowings.
A summary of the exercise rights of the detachable warrants as of March 31, 2006 is as follows:
Exercise price
Issued on Exercisable during Yen Dollars Number of shares per warrant Status of exercise
October 19, 2000 November 1, 2001
¥12,457 $106
100 shares of common 9,224 warrants outstanding
through October 18, 2006 stock of Sony Corporation
December 21, 2001 January 6, 2003
6,039 52
100 shares of common 11,459 warrants outstanding
through December 20, 2007 stock of Sony Corporation