Ubisoft 2004 Annual Report Download - page 89
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87
UBISOFT > 2005 FINANCIAL REPORT
2
FINANCIAL REPORT FOR THE FISCAL YEAR ENDING MARCH 31, 2005
Note 9 Bond redemption premium
The initial amount of the OCEANE redemption premium recorded as assets was €16,380 thousand.
This premium is amortized in proportion to accrued interest, i.e., €6,271 thousand as of March 31, 2005. The buy-back of
1,400,699 bonds over the previous fiscal years resulted in a decrease in the redemption premium of €7,284 thousand. The
net redemption premium as of March 31, 2005, was €2,825 thousand.
As of 3.31.04 As of 3.31.05
Cumulative Increase Decrease Cumulative
Prepaid expenses 1,223 1,423 1,223 1,423
Costs of issuing debt securities and OCEANE bonds 2,142 - 804 1,338
Exchange conversion adjustment to assets 741 30 741 30
Total 4,106 1,453 2,768 2,791
Note 11 Payables
This item includes accrued expenses, the costs of convertible bond issues amortized over the duration of the issue and
exchange conversion adjustments to assets for receivables and debts expressed in foreign currencies.
3.31.05 3.31.04
Interest on borrowings from credit institutions 1,456 1,452
Bank charges payable 231 264
Total borrowings & financial debts 1,687 1,716
Trade payables, invoices not yet received 18,485 9,827
Credits to be issued 9,260 8,908
Tax and social security liabilities 545 1,572
Total 29,977 22,023
Note 10 Other receivables and adjustment accounts
Note 12 Items relating to affiliated companies
3.31.05 3.31.04
Current assets
Participating interests 244,458 224,074
Trade receivables 124,030 58,364
Other receivables 26,540 8,775
Debts
Miscellaneous borrowings & financial debts 50,831 3,905
Trade creditors and other accounts payable 4,607 4,297
Debts on fixed assets 18,442 14,455
Other debts - 431
Financial income 1,121 1,235
Financial charges 806 931