Atari 2011 Annual Report Download - page 102

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ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
102
and represented 0.9% of the share capital at that date.
Main characteristics of the free share plans are detailed in the “Corporate Officers” section of the “INFORMATION ON
MANAGEMENT AND THE FINANCIAL STATEMENTS” section.
The table below shows a summary of transactions involving:
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 Year 2010/2011 was €6.9 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, 2011 and the one ended March 31, 2010.
10. OTHER EQUITY
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
(€ thousands)
3/31/2010
Additions
Reversals 3/31/2011
Utilized
Surplus
Provisions for future commitments 296
296
0
Provisions for foreign exchange risks 22 192
36 140
22 192
36 140
Provisions for losses on investments in subsidiaries 1 252
1 052
2 304
Provision for employee risk: severance benefits due
to restructuring 9
9
Other provisions 10
10
Total 23 759
37 192
0
22 497
38 454
o/w operating 306
296
10
o/w financing 23 444
37 192
22 192
38 444
o/w non recurring 9
9
Provisions for losses on investments are designed to cover risks stemming from subsidiaries with a negative net worth.
On March 31, 2011, this provision concerns Atari Japan.
Provision for future commitments was designed to cover rents on vacant premises. This provision is not needed
2010-2011 2009-2010
Free shares granted at beginning of year 237,731 487,417
Grants
Cancellations (14,732) (249,686)
Free shares granted at end of year 223,000 237,731
(€ thousands) 3/31/2011 3/31/2010 Change
ORANE 2008 (FR0010560615) 525 559 (34)
ORANE 2009 (FR0010690081) 38 495 38 908 (414)
ORANE 2009 (FR0010696153) 133 559 147 574 (14 015)
ORANE 2010 (FR0010833053) 15 512 15 643 (131)
Total 188 091 202 685 (14 594)