Ubisoft 2000 Annual Report Download - page 74

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UBI SOFT / REFERENCE DOCUMENT
73
>>> 11. CHARGES TO BE SPREAD OVER SEVERAL YEARS
The “Charges to be spread over several years” item consists of the costs of convertible bond debentures, amortized over the term of the
bond, plus the costs of acquiring fixed assets, amortized over three years.
>>> 12. SHARE CAPITAL
BALANCE ON
CAPITAL INCREASE PROPOSED 03/31/01 AFTER
APPROPRIATION IN CASH AND APPROPRIATION APPROPRIATION
BALANCE ON OF FY 99/00 BY BOND EARNINGS BALANCE ON OF FY 00/01 OF FY 00/01
(FF ‘000) 03/31/00 EARNINGS CONVERSION 00/01 03/31/01 EARNINGS EARNINGS
Capital 33,157 661 33,818 33,818
Issue premium 1,650,207 3,712 47,258 1,701,177 1,701,177
Legal reserves 2,246 1,070 3,316 3,316
Regulated reserves 126 1,435 1,561 1,561
Other reserves 62,964 14,130 77,094 (55,160) 21,934
Earnings 20,347 (20,347) (55,160) (55,160) 55,160 -
Investment grants 323 815 1,138 1,138
TOTAL 1,769,370 0 48,734 (55,160) 1,762,944 0 1,762,944
New shares
1999 share warrants
Initial number of warrants: 372,058 >2 warrants needed to subscribe a share of face value FF 10
Issue price: 136 (FF 892.10)
Strike period: from 3 November 1999, to November 2, 2002
Strike price: 170 (FF 1,115.13)
>As of March 31, 2001, 340,542 warrants had still not been exercised.
March 12, 2001 share warrants
Number and face value: 53,266 >1 warrant needed to subscribe a share of face value FF 2
Issue price: 0.01 (FF 0.07)
Strike period: from 28 December, 2001 to March 11, 2006
Strike price: 40.288 (FF 264.27)
>As of March 31, 2001, no warrants had been exercised.
March 19, 2001 share warrants
Number and face value: 9,044 >1 warrant needed to subscribe a share of face value FF 2
Issue price: 0.01 (FF 0.07)
Strike period: from March 19, 2002 to March 18, 2006
Strike price: 32.072 (FF 210.38)
>As of March 31, 2001, no warrants had been exercised.
Number of Ubi Soft Entertainment shares
ON 04/01/2000 16,578,368
EXERCISED OPTIONS 78,934
BOND CONVERSION 251,630
SHARE SUBSCRIPTION WARRANTS EXERCISED 190
ON 03/31/01 16,909,122
On March 31, 2001, the share capital consisted of 16,909,122 shares with a face value of FF 2, i.e. FF 33,818,244.