Ubisoft 2004 Annual Report Download - page 90

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88
UBISOFT > 2005 FINANCIAL REPORT
Note 13 Provisions on the balance sheet
As of 3.31.04 FY provisions FY write-backs As of 3.31.05
Provisions for risk
For exchange risk 817 30 817 30
Total 817 30 817 30
Provisions for depreciation
Of participating interests 11,223 74 10,554 743
Of other long-term investment 200 - 200 -
Of trade receivables 3 - 3 -
Of other receivables 285 - 285 -
Of investment securities and cash instruments 388 - 278 111
Total 12,099 74 11,320 854
Total 12,916 104 12,137 884
Note 14 Equity
Capital
On March 31, 2005, Ubisoft Entertainment SA's capital consisted of 18,044,840 shares with a face value of €0.31 each, i.e.,
€5,593,900.40.
Number of Ubisoft Entertainment SA shares
As of April 1, 2004 17,582,304
Exercised options 46,888
Bond conversions 20
Exerciseof subscription warrants 45,596
Group savings plan 370,032
As of 3.31.05 18,044,840
Maximum number of shares that may be created: 7,172,031
lby bond conversion: 2,598,297;
lby exercise of stock options: 2,041,714;
lby exerciseof subscription warrants: 2,532,020.
Stock purchase warrants
Stock purchase warrants as of March 12, 2001
lNumber: 53,266, with one warrant entitling its holder to subscribe for 1.038 shares with a face
value of €0.31 each (in accordance with the adjustment made in connection with the
issue of warrants for the purchase of existing shares and/or subscription for new shares
in May 2003)
lIssue price: €0.01
lExercise period: December 28, 2001, to March 11, 2006
lExercise price: €40.29
As of March 31, 2005, no warrants had been exercised.
Stock purchase warrants for existing shares and/or for the subscription of new shares of May 14, 2003
lNumber: 17,540,082, with 15 warrants needed to subscribe for one share with a face value of €0.31.
lExercise period: May 14, 2002, to May 14, 2006
lExerciseprice: €28
The 1,169,733 warrants allocated to Ubisoft Entertainment SA were cancelled.
710,580 stock purchase warrants were exercised during the fiscal year. 1,776 shares were delivered from directly held shares
and 45,596 shares were created.
As of March 31, 2005, 15,648,489 subscription warrants remain to be converted.