Atari 2010 Annual Report Download - page 119

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ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
119
The fair value of free shares granted is based on the trading price of the Company's shares at the grant date. The
weighted fair value of shares granted in fiscal 2009-2010 was €7.96 per share.
The fair value recognized is based on the assumption that all performance conditions will be fulfilled.
No expense was recognized for the year ended March 31, 2010. A charge of 0.2 million euros was recognized for the
year ended March 31, 2009, corresponding to employer payroll taxes.
10. Other equity
(€ thousands) 3/31/2010 3/31/2009 Change
ORANE 2008 (FR0010560615) 559 616 (57)
ORANE 2009 (FR0010690081) 38 908 40 543 (1 635)
ORANE 2009 (FR0010696153) 147 574 147 987 (413)
ORANE 2010 (FR0010833053) 15 643 15 643
Total
202 685
189 147
13 538
Following the public exchange offer relating to the January 4, 2008 bond issue, on February 11, 2009, the Company
issued bonds redeemable for new or existing shares, maturing April 1, 2014. The nominal value of the bond issue was
€147,987,100 represented by 1,479,871 bonds with a nominal value of €100 each. The bonds bear annual interest at
0.5%.
On January 27, 2009, the Company issued bonds redeemable for new or existing shares with stock warrants attached,
maturing April 1, 2014. The nominal value of the bond issue was €40,543,800 representing 405,438 bonds with a
nominal value of €100 each. The bonds bear annual interest at 0.5%.
On January 22, 2010, as part of the financing transactions of December 2009 and January 2010 (see note 1.4 “Material
events”), the Company issued bonds redeemable in new or existing shares, maturing April 1, 2015. The nominal value of
the bond issue was €15,642,800, represented by 156,428 bonds with a nominal value of €100 each, of which 126,964
were paid for by means of the cancellation of debt of 12.6 million euros. The bonds bear annual interest at 0.5%.
11. Provisions for contingencies and losses
Provisions for losses on investments are designed to cover risks stemming from subsidiaries with a negative net worth.
On March 31, 2009, this provision only concerned Atari Europe.
Provisions for future commitments are designed to cover future rents on vacant premises.
Provisions for employee risk concern the layoffs carried out as part of the Company's restructuring.
utilized surplus
Provisions for future commitments 58 287 49 - 296
Provisions for foreign exchange risks 20,315 22,191 - 20,315 22,192
Provisions for losses on investments in
subsidiaries 12,023 9,960 20,731 1,252
Provision for employee risk: severance
benefits due to restructuring 773 9 752 21 9
Other provisions 110 - 100 - 10
Total 33,280 32,447 901 41,067 23,759
o/w operating -
o/w financing 32,151 - 41,046
o/w non-recurring 296 801 21
3/31/2010
(€ thousands) 3/31/2009 Additions
Reversals