Ubisoft 2001 Annual Report Download - page 83

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FINANCIAL REPORT
Corporate accounts
83
3.2.4.5 Other Information
I. PERSONNEL
As of March 31, 2002, the work force consisted
of 5 executives.
II. FINANCIAL COMMITMENTS AND OTHER
INFORMATION
Guarantees given: K18 897
Collateral for loans: none
Guaranteed received: none
Leasing (K):
Leased assets consist primarily of IT hardware.
Discounted bills not due: K1,568.
Retirement gratuities: because of the average age of the
staff, retirement commitments are insignificant.
Various products are marketed under licensing agreements
signed by Ubi Soft Entertainment S.A. As of March 31,
2002, the commitments accepted by the company provided
for the payment of guaranteed minimum royalties.
At the closure of the financial year, commitments by virtue
of this guaranteed minimum amounted to M68,8.
Next year, the reductions (increases: none) in future tax
liability will be as follows:
■organic 98
■exchange rate fluctuations 799
K897
Ubi Soft Entertainment S.A. undertakes to provide financial
support to its subsidiaries to meet their cash requirements.
III. DIRECTORS’ REMUNERATION
Directors’ remuneration during the 2001/2002 financial
year came to K275.
IV. SUBSIDIARIES AND AFFILIATED COMPANIES
ON MARCH 31, 2002
No events likely to have an impact on the financial statements
have occurred to date.
Initial value Depreciation Net value Payments made Payments remaining to be made Residual value
< 1 year >1 year
5,899 5,087 812 924 641 489 18