Atari 2010 Annual Report Download - page 88

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ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
88
date from which IESA can exercise its early redemption option. The present value of the interest payable on the bonds
was €0.3 million at March 31, 2010 and was classified as debt at that date.
13.2. DEBT BY MATURITY
The Group's debt breaks down as follows by maturity:
March 31,
2010 March 31, 2011 March 31,
2012 March 31,
2013 March 31,
2014 March 31, 2015
and beyond Total
€ in million
Nominal
Interests
Nominal
Interests
Nomina
Interest
Nomina
Interest
Nominal Interests
Nominal
Interests
Bond debt 10.1 1.1 5.3 0.9 0.8 0.7 0.6 0.7 5.9 4.2
Financial debt 7.0 5.3 1.7 5.3 1.7
Other financial debt 2.4 2.2 0.2 2.4 0.0
Total financial liabilities 19.5 7.5 2.8 5.5 0.9 0.0 0.8 0.0 0.7 0.6 0.7 13.6 5.9
The €10.3 million due by March 31, 2011 primarily corresponds to the amount drawn down under the BlueBay credit
facility (€5.3 million) as well as the corresponding interest and charges (€1.7 million).
13.3. DEBT BY CURRENCY
The Group’s debt breaks down as follows by currency:
(€ million) March 31, 2010 March 31, 2009
European Monetary Union currencies 17.3 59.1
USD 2.2 3.2
Total 19.5 62.3
13.4. GUARANTEES AND COVENANTS
Guarantees
The Company has given various guarantees as security for the Banc of America / BlueBay loans to Atari Europe SAS
and some of its subsidiaries, consisting of:
• A first-call guarantee.
• Pledges of the entire equity interests in the following subsidiaries: Cryptic Studios, Inc., Eden Games SAS, Atari
Interactive Inc., Atari Inc. and Atari Europe SAS.
• Pledge of 66% of the shares in Distribution Partners SAS (waived on July 7, 2009 due to the sale of the
remaining 66% interest to Namco Bandai Games Europe SAS).
• Pledges of certain trademarks and rights relating to certain video games published by Atari Europe SAS.
• Pledges of the intragroup receivables of certain Group subsidiaries.