Atari 2010 Annual Report Download - page 59

ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
59
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
At April 1, 2008 12.8 1,100.1 (0.1) (939.7) (19.7) 153.4 6.5 159.9
Share issues - -
Exercise of stock warrants 0.1 (0.1) - -
Issue of ORANE bonds and impact of simplified
public exchange offer 36.5 36.5 36.5
Translation adjustments 8.0 8.0 0.2 8.2
Share-based payments 6.3 6.3 6.3
Buyout of minority interests in Atari Inc. 0.5 (0.5) -(5.9) (5.9)
Acquisition de Cryptic Studios 4.4 4.4 -4.4
Sale of 34% of Distribution Partners (0.4) 0.4 -(8.8) (8.8)
Clearance of the “Retained earnings” and
“Other reserves” accounts (912.2) 912.2 - ---
Profit (loss) for the year (1) (221.9) (221.9) (0.8) (222.7)
Other changes - -
At April 1, 2009 12.9 224.3 (0.1) (238.6) (11.8) (13.3) (8.8) (22.1)
Share issues (2) 7.6 19.8 27.4 27.4
Exercise of stock warrants - -
Issue of ORANE bonds (3) 0.6 14.3 14.9 14.9
Translation adjustments (2.7) (2.7) (2.7)
Share-based payments (1.6) (1.6) (1.6)
Acquisition de Cryptic Studios (4) (3.2) (3.2) (3.2)
Sale of 66% of Distribution Partners (5) 3.8 (3.9) (0.1) 12.7 12.6
Profit (loss) for the year (19.4) (19.4) (3.8) (23.2)
Other changes (0.2) (0.2) (0.2)
-
At March 31, 2010 21.1 258.4 (0.1) (259.2) (18.4) 1.8 0.1 1.9
Shareholders
' equity Minority interests Total equity
(€ million) Capital
stock Share premium Treasury shares Consolidate d reserves
Cumulative
translation
adjustments
(1) Prior fiscal year financial statements have been restated for the correction of income tax expense (€4.2 million).
(2) In January 2010, the Group completed a rights issuance, resulting in capital increase of €27.4 million by the issuance
of 7,610,895 new shares.
(3) In December 2009, Atari launched a financial transaction, which was finalized in January 2010, the Group issued
bonds redeemable for new or existing shares (ORANE), maturing on April 1, 2015. The bonds have an aggregate
nominal value of €15.6 million and comprise both an equity and debt component. The impact of these ORANE bonds on
equity and debt can be analyzed as follows:
Equity Debt
- Nominal value 15.2 0.3
- Issuance costs (0.9) -
----------------------- -----------------------
14.3 0.3
(4) On December 9, 2008, the Group announced that it had agreed to purchase all of the shares of Cryptic Studios Inc.
The equity impact of 4.4 million euros represents the amount payable in shares to Cryptic Studios’ vendor shareholders
as earnout. Since the acquisition date, the future income assumptions have been revised. Accordingly, as of March 31,
2010, the acquisition of Cryptic Studios had a positive aggregate impact on consolidated equity of 1.3 million euros.
(5) In February 2009, the Group agreed to sell 34 percent of the shares it held in Namco Bandai Partners to Namco
Bandai Games Europe. In March 2009, pursuant to the provisions of the strategic partnership agreement with Namco
Bandai Games Europe, Atari exercised its put option on 66 percent of the shares of Namco Bandai Partners. On July 7,
2009, Atari finalized the sale of its distribution operations in Europe and Asia (see Notes 1.3 & 27.3).