Atari 2009 Annual Report Download - page 29

Download and view the complete annual report

Please find page 29 of the 2009 Atari 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 200

  • 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
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200

ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
29
2.5. CONSOLIDATED BALANCE SHEET
SIMPLIFIED CONSOLIDATED BALANCE SHEET AS OF MARCH 31, 2009 AND MARCH 31, 2008
€ in millions
March 31,
2009
March 31,
2008
Goodwill 34.9 77.9
Intangible assets 44.6 43.1
Property, plant and equipment 4.9 5.5
Other non-current assets 3.5 8.4
Non-current assets 87.9 134.9
Current assets 30.8 85.5
Assets held for sale 85.3 0
Cash and cash equivalents 5.9 83.4
Current assets 122.0 168.9
Total assets 209.9 303.8
Shareholders' equity (17.5) 153.4
Minority interests (8.8) 6.5
Total shareholders' equity (26.3) 159.9
Non current financial liabilities 11.2 11.8
Other non-current liabilities 27.1 6.9
Non-current liabilities 38.3 18.7
Current financial liabilities 51.1 22.9
Current liabilities 79.0 102.3
Liabilities held for sale 67.8 0
Current liabilities 197.9 125.2
Total Liabilities and net shareholders' equity 209.9 303.8
1/07
Shareholders' equity
Consolidated shareholders' equity amounted to a negative €26.3 million as of March 31, 2009, down from €159.9 million
on March 31, 2008. The table below shows the changes in equity during the year:
Total equity as of March 31, 2008 159,9
Net loss before minority interests (226,9)
Issuance of ORANE bonds 36,5
Acquisition of Cryptic Studios 4,4
Loss on the sale of 34% of Distribution Partners (8,8)
Acquistion of the remaining Atari Inc. shares (5,9)
Other 14,5
Total equity as of March 31, 2009 (26,3)
Changes for the year mainly reflected the attributable net loss for €226.9 million, the ORANE bond issue for €36.5 million
and the impact of the various transactions initiated during the period (concerning Atari Inc., Cryptic Studios Inc. and
Namco Bandai Partners).
Net cash
As of March 31, 2009, the Group had a net debt of €56.4 million, compared with a net cash surplus of €48.7 million as of
the end of the previous fiscal year. The cash and debt positions were as follows:
€ in millions
March 31, 2009
March 31,
2008
Change
OCEANE 2011 and 2020 -5,9 -5,9 0
ORANE -3 -2,9 -0,1
Banc of America credit facility -46,9 0 -46,9
BlueBay credit facility 0 -8,5 8,5
Other -6,5 -17,4 10,9
Total debt -62,3 -34,7 -27,6
Cash and Cash equivalents 5,9 83,4 -77,5
Net cash (net debt) -56,4 48,7 -105,1
Net cash (net debt) is defined as cash and cash equivalents less current and non-current liabilities.
The deterioration in the Group‟s cash position was primarily due to the operating loss; the Company recognized a
consolidated net loss of €226.1 million for the fiscal year and fully drew down its Banc of America credit facility.
Debt maturity (€ million)
Fiscal year ending March 31, 2010 51,1
Fiscal year ending March 31, 2011 1,0
Fiscal year ending March 31, 2012 6,3
Fiscal year ending March 31, 2013 0,3
Beyond 3,6
Total debt 62,3
Amounts