Ubisoft 2012 Annual Report Download - page 152
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Financial Statements
2012
147
Group savings scheme
Ubisoft also offers Group savings schemes, which allow workers in France and abroad to acquire
Ubisoft shares as part of reserved capital increases. Workers acquire these shares with a maximum
discount of 15% versus the average opening price over the 20 trading days prior to the Board of
Directors’ meeting that approved the capital increase.
The lock-in period is five years for French employees.
03/31/12
03/31/11
Grant date
07/18/11
12/07/10
Subscription price (in euros)
6.12
6.46
Number of shares subscribed
50,466
105,162
Treasury shares
At March 31, 2012, the Company held 566,584 treasury shares.
Regulated provisions
Details of regulated provisions are given in note 1.3 Statement of changes in equity.
Note 15. Borrowings
03/31/12
03/31/11
Accrued interest
142
509
Bank overdrafts
71,601
57,969
Borrowings
71,743
58,478
Fixed-rate debt
-
-
Variable-rate debt
71,743
58,478
< 1 year
from 1 to 5
years
> 5
years
Amounts payable at March 31, 2012
71,743
-
-
The breakdown of borrowings by currency was as follows:
03/31/12
03/31/11
Euro
71,736
58,471
Pound sterling
6
6
Japanese yen
1
1
Borrowings
71,743
58,478
The €164,983 thousand in “miscellaneous financial liabilities” in the balance sheet consists of current
account advances by subsidiaries to the parent company. These advances all mature in under a year.