Atari 2011 Annual Report Download - page 100

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ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
100
6. OTHER RECEIVABLES
(€ thousands) 3/31/2011 3/31/2010
Corporate income tax 530
(1)
590
Sales taxes 371 551
Receivables from the Group in connection with tax consolidation - -
Other receivables 307 2
Total 1,208 1,143
All of the above receivables are due in less than one year.
(1) As of March 31, 2011, “Corporate income tax” amounting to €530 thousand mainly corresponds to research tax
credits at Group level.
7. CASH
(€ thousands) 3/31/2011 3/31/2010
Marketable securities 157
Cash 86 393
Total 86 550
8. ACCRUALS
(€ thousands) 3/31/2011 3/31/2010
Prepaid expenses 205 370
Bond discounts 14 14
Bond issue costs 5,993 7,922
Unrealized foreign exchange losses on financial
fixed assets 36,140 22,190
Unrealized foreign exchange losses on receivables
and liabilities
Total accruals (assets) 42,352 30,496
Unrealized foreign exchange gains on receivables
and liabilities 1,397 1,198
Deferred revenue - -
Total accruals (liabilities) 1,397 1,198
Prepaid expenses consist of operating expenses (insurance and rent).
The €14 million increase in unrealized foreign exchange losses is primarily due to a rise in the value of the euro against
the US dollar.
Bond issue costs concern the ORANE bonds issued, amortized over the life of the bonds. The corresponding
amortization expense for the year amounted to €1.9 million.
9. EQUITY
(€ thousands) Number of
shares
outstanding
Capital
stock
Other paid-
in capital
Legal
reserve
Retained
earnings
Profit
(loss)
Total
Shareholders’ equity as of March
31,
2010 21,113,623
21,113
168,381
946
(165,095)
22,564
47,909
Exercise of 2009 warrants (1) 488
0.5
2
Conversion of 2008, 2009 and 2010
ORANE bonds (2) 2,816,610
3.4
11,778
Equity issue as part of free shares (3) 14,732
14.7
(15)
Equity issue (4) 383,517
383.5
2,573
Appropriation of 2010 profit
22,564
(22,564)
Netting of retained earnings and other
reserves
Profit (loss) for the year ended March
31, 2011
(21,772)
Shareholders’ equity as of March
31,
2011 24,328,970
24.329
182,719
946
¨(142,531)
(21,772)
43,691
(1) A total of 426 warrants were exercised during the year ended March 31, 2011, resulting in the issue of 488 new shares and