Atari 2010 Annual Report Download - page 15

ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
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INSURANCE
The Group is insured worldwide against property damage, business interruption and civil and professional liability, and
insures its intellectual properties. It also purchases liability insurance for its corporate officers and directors. In general,
the Group's business does not expose it to any special or unusual risks, with the exception of the possible failure of a
supplier or the general recall of a game. Insurance purchased by the Group is complemented by local policies (in
particular in North America) that take into consideration the specific nature of the relevant market. The table below shows
current coverage provided under the main policies.
(€)
Property damage/Business interruption Replacement value up to 19.9 million
Business liability Ceiling of 10 million
Of which: Intellectual property liability Ceiling of 5 million (excluding the United States)
Ceiling of 2 million (the United States)
Operating liability Ceiling of 12 million
Liability of officers and directors Ceiling of 20 million
During the fiscal year ended March 31, 2010, Atari paid a total of US$850,000 in insurance premiums on the above
policies on its own behalf and on behalf of subsidiaries.
NON-RECURRING EVENTS AND LITIGATION
The main non-recurring events and litigation in fiscal year 2009-2010 were as follows:
• The changes in the Board of Directors and senior management,
• The Group’s ongoing restructuring process,
• The finalization of the sale of the remaining 66% stake in July 2009 and of the finalization of the arbitration
process in May 2010,
• The capital raise of €43 million in January 2010.
In the ordinary course of business, Group entities may be involved in various court, arbitration, administrative and tax
proceedings. The settlement of these proceedings is not expected to have a material impact on the Company’s financial
statements.
The material legal risks to which the Group is exposed are described in this Registration Document, in the “Legal risks”
section of “Information on management and the financial statements”.
HUMAN RESOURCES AND PERSONNEL
Over the past three fiscal years, the Group’s average headcount was as follows:
• Fiscal year 2007-2008:
Average headcount: 596.
As of March 31, 2008, the Group had an aggregate headcount of 555.
• Fiscal year 2008-2009:
Average headcount: 595.
As of March 31, 2009, the Group’s headcount was 387 for continuing operations and 679 for discontinued operations and
continuing operations.
• Fiscal year 2009-2010:
Average headcount: 384.
As of March 31, 2010, the Group had an aggregate headcount of 380.
AGREEMENT ON WORKING HOURS
An agreement on the 35-hour working week was signed in July 2000 for French employees, who ratified it in September
of that year thereby bringing it into effect in October 2000. The agreement provides employees with 12 days of additional
“working hour reduction” paid leave, flextime for non-supervisory and certain supervisors, as well as an agreement on
annual time allowances for other executives.
In addition, the agreement provides for the compensation of overtime with time-off.
Other information regarding labor relations at the Group's French entities is provided in section 9 “Information concerning
the workforce” of the “Board of Directors’ report on the Group’s management”.