Ubisoft 2014 Annual Report Download - page 179

Financial statements
2014
174
Details of the changes in provisions on equity investments are provided in Note 3. Non-current
financial assets.
Note 15. Borrowings
03/31/14
03/31/13
Bonds
(1)
60,000
20,000
Accrued interest
(1)
1,712
579
Bank overdrafts
78,498
82,618
Borrowings
140,210
103,197
Fixed-rate debt
60,000
20,000
Variable-rate debt
80,210
83,197
< 1 year
from 1 to 5
years
> 5
years
Amounts payable at March 31, 2014
80,210
60,000
(1)
Bonds for €20 million and €40 million, accrued interest at the balance sheet date came to €1,324 thousand.
The breakdown of borrowings by currency was as follows:
03/31/14
03/31/13
Euro
139,885
103,073
Dollars
3
111
Pound sterling
1
6
Japanese yen
321
7
Borrowings
140,210
103,197
The €271,436 thousand in “miscellaneous financial liabilities” in the balance sheet consists of current
account advances by subsidiaries to the parent company, which are due in less than one year, a
participatory loan with Oseo of €3 million and commercial papers of €63 million.
Note 16. Other liabilities
03/31/14
03/31/13
Trade receivables – credit notes to issue
(1)
5,828
6,896
Unrealized gains on Calyon receivable relative to Gameloft equity swap
-
3,049
Other liabilities
(2)
3,503
20,649
TOTAL
9,331
30,594
(1)
Credit notes to issue relate to associated companies
(2)
Other liabilities relate mainly to the additional sum to be paid on the acquisition of Owlient in the amount of
€2.4 million.
Note 17. Prepaid expenses and deferred charges
Opening
balance
Increase
Decrease
Closing
balance
Deferred income
-
2,756
-
2,756
Conversion rate adjustment (liability)
63
76
63
76
TOTAL at 03/31/14
63
2,832
63
2,832
TOTAL at 03/31/13
328
63
328
63