Ubisoft 2003 Annual Report Download - page 95

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FINANCIAL REPORT
2004 95
03
Declaration by the statutory auditors
1. Loan by the subsidiary Ubi Soft Entertainment GmbH
Director concerned: Mr. Yves GUILLEMOT
Nature and purpose: Ubi Soft Entertainment GmbH granted
a loan to your company in the maximum amount of
¤3,500,000, with interest assessed on the basis of the monthly
Euribor rate.
Interest paid over the fiscal year totaled ¤10,892.65.
This agreement was approved at the Board meeting held on
April 3, 2003.
2. Loan to Ubi.com Inc. (US)
Directors concerned:
Messrs. Yves and Christian GUILLEMOT
Nature and purpose: Your company was authorized to grant
current account advances to Ubi.com Inc.
Maximum amount: US $850,000, with annual interest
assessed at the USD Libor rate plus 1.3%.
Interest collected over the fiscal year totaled ¤6,151.
This agreement was approved at the Board meeting held on
June 18, 2003.
3. Loan to Ubi.com SA (France)
Directors concerned:
Messrs. Yves and Michel GUILLEMOT
Nature and purpose: Your company was authorized to grant
current account advances to Ubi.com SA. Maximum amount:
US $1,340,000, at an annual interest rate of 4.50%.
Interest collected over the fiscal year totaled ¤20,028.
This agreement was approved at the Board meeting held on
July 1, 2003.
4. Loan to Ubisoft Music Inc. (Canada)
Director concerned: Mr. Gérard GUILLEMOT
Nature and purpose: Your company was authorized to grant
current account advances to Ubisoft Music Inc.
Maximum amount: CDN $165,000, with annual interest
assessed at the USD Libor rate plus 1.3%.
Interest collected over the fiscal year totaled CDN $2,782.
This agreement was approved at the Board meeting held on
July 23, 2003.
5. Loan by Ubisoft Inc. (US)
Director concerned:
Messrs. Yves, Michel and Claude GUILLEMOT
Nature and purpose: Ubisoft Inc. granted a loan to your company
in the maximum amount of US $8,600,000, with interest
assessed on the basis of the monthly USD Libor rate.
Interest collected over the fiscal year totaled US $12,058.
This agreement was approved at the Board meeting held on
September 3, 2003.
6. Loan to Red Storm Entertainment Inc. (US)
Director concerned: Mr. Yves GUILLEMOT
Nature and purpose: Your company was authorized to grant
current account advances to Red Storm.
Maximum amount: US $5,197,674, with annual interest
assessed at the USD Libor rate plus 1.3%.
Interest collected over the fiscal year totaled US $50,068.
This agreement was approved at the Board meeting held on
September 26, 2003.
7. Loan to Ubisoft Entertainment GmbH (Germany)
Director concerned: Mr. Yves GUILLEMOT
Nature and purpose: Your company was authorized to grant
current account advances to Ubisoft Entertainment GmbH.
Maximum amount: DM 1,500,000, with annual interest
assessed at the Euribor rate plus 1.3%.
Interest collected over the fiscal year totaled ¤7,529.
This agreement was approved at the Board meeting held on
October 27, 2003.
8. Loan to Ubisoft Ltd. (UK)
Director concerned:
Messrs. Yves and Christian GUILLEMOT
Nature and purpose: Your company was authorized to grant
current account advances to Ubisoft Ltd.
Maximum amount: _ 1,700,000, with annual interest
assessed at the GBP Libor rate plus 1.3%.
Interest collected over the fiscal year totaled GB £2,731.
This agreement was approved at the Board meeting held on
October 27, 2003.
9. Loan to Ubisoft Warenhandels GmbH (Austria)
Director concerned: Mr. Yves GUILLEMOT
Nature and purpose: Your company was authorized to grant
current account advances to Ubisoft Warenhandels GmbH.
Maximum amount: ¤775,000, with annual interest assessed
at the Euribor rate plus 1.3%.
Interest collected over the fiscal year totaled ¤4,488.
This agreement was approved at the Board meeting held on
October 27, 2003.