Ubisoft 2005 Annual Report Download - page 108

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Note 12. Items relating to affiliated companies
03.31.06 03.31.05
Current assets
Equity holdings 238,290 244,458
Trade receivables 54,913 124,030
Other receivables 35,461 26,540
Debts
Miscellaneous borrowings & financial debts 32,442 50,831
Trade creditors and other accounts payable 26,934 4,607
Debts on fixed assets 1 18,442
Financial income 1,777 1,121
Financial charges 1,511 806
Note 13. Provisions on the balance sheet
As of 03.31.05 FY FY As of 03.31.06
provisions write-backs
Provisions for risk
For exchange risk 30 308 30 308
Total 30 308 30 308
Provisions for depreciation
Of equity holdings 743 134 499 378
Of investment securities and cash instruments 111 - 111 -
Total 854 134 610 378
Total 884 442 640 686
Note 14. Equity
Capital
On March 31, 2006, the capital of Ubisoft Entertainment
SA consisted of 19,434,336 shares with a face value of
€0.31 each, i.e. €6,024,644.16.
Number of Ubisoft Entertainment SA shares
Maximum number of shares that may be created: 6,249,938
- By bond conversion: 1,814,025
- By exercise of stock options: 2,114,833
- By exercise of subscription warrants: 2,321,080
Stock purchase warrants
Stock purchase warrants as of March 12, 2001
Number: 53,266, with one warrant entitling its holder to subscribe for 1.038 shares with a face value of
€0.31 (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).
Issue price: €0.01.
Exercise period: December 28, 2001 to March 11, 2006.
Exercise price: €40.29.
Rubicon INC converted its 53,266 warrants. On October 24, 2005, 55,290 shares were created as a result of Rubicon’s exer-
cise of its warrants.
Stock purchase warrants for existing shares and/or for the subscription for new shares as of May 14, 2003
Number: 17,540,082, with 15 warrants needed to subscribe for one share with a face value of €0.31.
Exercise period: May 14, 2002 to May 14, 2006.
Exercise price: €28.
As of April 1, 2005 18,044,840
Exercised options 410,279
Bond conversions 771,255
Exercise of subscription warrants 207,962
As of March 31, 2006 19,434,336