Ubisoft 2000 Annual Report Download - page 75

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74
The capital increases and issue premiums during the past financial year were partly driven by the exercise of stock options. For the record,
the exercise conditions of the stock option plans are as follows:
1ST PLAN 2ND PLAN 3RD PLAN 4TH PLAN 5TH PLAN
Initial number of shares 250,000 250,000 250,000 40,471 400,000
Face value FF 2 FF 2 FF 2 FF 2 FF 2
Subscription price FF 36 FF 79.40 FF 133.80 FF 249 FF 226.37
Date of validity 06/15/96 04/22/97 10/23/98 08/12/00 04/09/01
to 06/15/2001 to 04/22/2002 to 10/23/2003 to 08/12/2005 to 04/09/2006
Options still not exercised as of March 31, 2001 58,851 246,250 246,905 40,471
>>> 13. PAYABLES
Interest on borrowings from credit institutions 5,162
Bank charges payable 2,046
Total borrowings & financial debts 7,208
Trade payables, invoices not yet received 75,563
Credits to be issued 36,798
Tax and social security liabilities 2,293
TOTAL 121,862
>>> 14. ITEMS RELATING TO AFFILIATED COMPANIES
CURRENT ASSETS IN ‘000 FF
Equity investments 1,044,324
Trade receivables 370,123
Other receivables 419,476
ACCOUNTS PAYABLE IN ‘000 FF
Miscellaneous borrowings & financial debts 317,366
Trade creditors and other accounts payable 60,617
Debts on fixed assets 97,307
Other debts 25,054
Financial income 16,625
Financial charges 4,034
>>> 15. PROVISIONS ON THE BALANCE SHEET
ON 04/01/00 YEAR PROVISIONS YEAR REVERSALS ON 03/31/01
Provisions for risks
For currency risks 2,766 3,265 2,766 3,265
Provisions for depreciation
Of equity investments 4,286 13,349 1,382 16,253
Of inventory 2,055 3,686 2,029 3,712
Of trade receivables 2,591 1,512 663 3,440
Of other receivables 0 793 0 793
Of investment securities 0 1,244 0 1,244
Total 8,932 20,584 4,074 25,442
Total 11,698 23,849 6,840 28,707