Atari 2011 Annual Report Download - page 109

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ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
109
- an allowance for foreign-exchange of 22 million euro.
- investments of 11.3 million euro (7.8 million euro for Cryptic, 2.3 million euro for GameOne and 1.2
million euros for Eden Games)
- a provision for losses on investment mainly related to Atari Europe (8.7 million euro) and Atari Japan
(1.4 million euro).
20. NON-RECURRING INCOME AND EXPENSE
Year ended March 31, 2011
- Operating activities - 8 (8)
- Investing activities 28 - 28
- Amortization and provisions 306 - 306
Total
334
8
326
Year ended March 31, 2010
- Operating activities 17 2,598 (2,581)
- Investing activities 447 18,188 (17,741)
- Amortization and provisions 921 296 625
Total 1,385 21,082 (19,697)
(€ thousands) Income Expense Net
In fiscal 2010/2011, non-recurring result mainly relates to the reversal of a €297 K provision booked last year for vacant
premises.
In fiscal 2009/2010, expenses from operating transactions primarily corresponded to Atari restructuring charges of 2.5
million euro, penalties and fines of 33 k euro and litigation costs of 44 k euro.
Non-recurring income from investment transactions primarily consisted of the proceeds from the sale of:
• The Atari Publishing subsidiary to Atari Europe for 40 k euro and Imusic to Atari Europe for 8 k euro.
• Disposal of assets, for 149 k euro.
Non-recurring expenses on investment transactions primarily consisted of:
• The write-off of Game Nation Texas shares for 18 million euros.
“Amortization and provisions” primarily reflects the reversal of a provision of 0.1 million euro for vacant premises and of
severance compensation and expenses of 0.6 million euro relating to the layoff plan.
21. CORPORATE INCOME TAX AND PROFIT SHARING
As the Company has large carryover losses, the breakdown of corporate income tax between regular income and non-
recurring income is not relevant.
The Company heads up a tax consolidation group (Article 223 A et seq. of the General Tax Code) that includes Atari
Europe and Eden Games.
INCREASES AND REDUCTIONS IN THE FUTURE TAX BURDEN AS OF MARCH 31, 2011
• Factors resulting in a future tax:
• Factors resulting in a reduction in future taxes
Factors Bases
(€ thousands)
Provisions deducted in period N to be added back in N+1 36,140
Factors Bases
(€ thousands)
Non-deductible provisions 37 044
Regular tax-loss carryforwards 618 074