Ubisoft 2005 Annual Report Download - page 73

Download and view the complete annual report

Please find page 73 of the 2005 Ubisoft annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 163

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163

2
71
UBISOFT • 2006 ANNUAL REPORT
FINANCIER
Ubisoft group’s consolidated accounts as of March 31, 2006
(1) Fair value of financial instruments
(2) Fair value of the Equity Swap
Equity Swap contract
As part of the transaction concluded with Calyon on September 30, 2003, extended on January 5, 2005 for one year and then
extended to February 28, 2008, the latter will sell its securities at the close of the operation, that is, on February 28, 2008.
Equity Swap contract is recorded at its fair value on the balance sheet and changes in its fair value are entered in results.
Considering shares sold (918,137 shares), a reduction of one euro in regards to the sale price (€18.66) has an impact of
€918,137.
Note 11 Cash and cash equivalents
Cash and cash equivalents include:
The change in value booked as income is €419 thousand.
The change in value entered as income is €7,519 thousand, i.e., €5,013 thousand after tax.
03.31.06 03.31.05
Date of Due Mark to Mark to
transaction date Market Market
Exchange rate options
US dollars - - - 239
Purchases/forward sales
Australian dollars March 2006 April 2006 -1 2
Canadian dollars March 2006 April 2006 49 -163
March 2006 May 2006 -1
US dollars March 2006 April 2006 100 -161
March 2006 May 2006 -37
Pound sterling March 2006 April 2006 117 -109
Total 227 -192
03.31.06 03.31.05 Due date
Fair value 17,803 10,284 02.28.08
Margin call received -17,710 -10,290
Total 93 -6
Cash and cash equivalents 03.31.06 03.31.05
Cash 99,732 141,131
Investments securities 37,259 60,596
Total 136,991 201,727