Ubisoft 2005 Annual Report Download - page 74

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(1) Cash
The cash account showed a balance of cash and bank accounts in the net amount of €99,732 thousand on March 31, 2006,
compared with €141,131 thousand on March 31, 2005.
(2) Investment securities, consisting of UCITS mutual funds and open-ended investment trusts (SICAV):
Note 12 Equity
- Capital
The capital of the company on March 31, 2006 was
€6,024,644.16, consisted of 19,434,336 shares with a face
value of €0.31, each fully paid up. Each share shall give a
right to ownership of the corporate assets and the liquida-
ting dividend equal to the proportion of the equity that it
represents.
Voting rights double those conferred on other shares,
based on the proportion of the share capital they repre-
sent, shall be attributed to all fully paid-up shares that are
proved to have been registered for at least two years in the
name of the same shareholder.
In the event of an equity issue by the capitalization of
reserves, profits or issue premiums, this right is also
conferred at the date of issue on registered shares allotted
free of charge to a shareholder in exchange for old shares
for which this right was enjoyed.
Number of Ubisoft Entertainment SA shares
The potential number of shares that may be created by the
exercise of financial instruments is as follows:
Maximum number of shares creatable: 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
The change in net cash flow breaks down as follows:
03.31.06 03.31.05
Nature Name Number Gross value Fair value Capital gain/loss Net value
(€ thousand) (€ thousand) (€ thousand) (€ thousand)
Mutual fund OPCVM Contrat de liquidité 377 757 759 2 -
Mutual fund Étoile MONE EURIBOR 68 7,030 7,030 - 3,031
SICAV CPR CASH SI 434 8,503 8,503 - 23,000
Mutual fund CENTRALE PIBOR 2,590 7,498 7,498 - -
Mutual fund OPCVM 375 7,545 7,545 - -
Mutual fund SÉCURITÉ PLUS 21 4,910 4,910 - -
Mutual fund SGAM 10 1,012 1,014 2 -
SICAV SOGÉMONE - - - - 11,564
Mutual fund CENTRALE Monétaire - - - - 23,001
Total 37,255 37,259 4 60,596
Cash breakdown 03.31.06 03.31.05
Cash and cash equivalents 136,991 201,727
Advances in foreign currencies -5,432 -40,930
Bank overdrafts and short-term loans -50,665 -70,304
Total 80,894 90,493
As of 04.01.05 18,044,840
Exercised options 410,279
Bond conversions 771,255
Exercise of subscription warrants 207,962
As of 03.31.06 19,434,336
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 par value of €0.31 (in
accordance with the adjustment made upon the issue of warrants for the purchase of existing shares
and/or subscription for new shares in May 2003).
Issue price: €0.01.
Strike period: December 28, 2001 to March 11, 2006.
Strike price: €40.29.
Rubicon Inc converted its 53,266 warrants.
On October 24, 2005, 55,290 shares were created when Rubicon Inc. converted its warrants.