Atari 2011 Annual Report Download - page 3

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ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
3
CONTENTS
ANNUAL FINANCIAL REPORT ------------------------------------------------------------------------------------------------------------- 2
REGISTRATION DOCUMENT ---------------------------------------------------------------------------------------------------------------- 2
GENERAL INFORMATION ------------------------------------------------------------------------------------------------------------------------- 4
CORPORATE PROFILE --------------------------------------------------------------------------------------------------------------------- 4
STRATEGY ---------------------------------------------------------------------------------------------------------------------------------------- 5
HISTORY -------------------------------------------------------------------------------------------------------------------------------------------- 6
THE
MARKET
FOR
INTERACTIVE
ENTERTAINMENT
SOFTWARE --------------------------------------------------- 7
BUSINESS ----------------------------------------------------------------------------------------------------------------------------------------- 8
FRANCHISES
AND
LICENSES ----------------------------------------------------------------------------------------------------------- 8
MATERIAL CONTRACTS ------------------------------------------------------------------------------------------------------------------- 9
CAPITAL PROJECTS ------------------------------------------------------------------------------------------------------------------------ 10
FUTURE PROSPECTS ---------------------------------------------------------------------------------------------------------------------- 11
RISK EXPOSURE ------------------------------------------------------------------------------------------------------------------------------ 11
MEASURES TAKEN TO PROTECT THE BUSINESS ------------------------------------------------------------------------- 11
NON-RECURRING
EVENTS AND LITIGATION --------------------------------------------------------------------------------- 12
HUMAN RESOURCES AND PERSONNEL----------------------------------------------------------------------------------------- 12
GROUP PREMISES --------------------------------------------------------------------------------------------------------------------------- 12
SIMPLIFIED GROUP ORGANIZATION CHART AS OF MARCH 31, 2011
(1)
---------------------------------------- 13
INFORMATION ON MANAGEMENT AND THE FINANCIAL STATEMENTS ------------------------------------------ 13
1. ECONOMIC ENVIRONMENT AND HIGHLIGHTS OF THE YEAR --------------------------------------------------- 13
2. ANALYSIS
OF
THE
CONSOLIDATED
FINANCIAL
STATEMENTS ------------------------------------------------ 15
3. PARENT COMPANY BUSINESS AND FINANCIAL RESULTS (ATARI S.A.)--------------------------------- 21
4. BUSINESS AND FINANCIAL RESULTS OF SUBSIDIARIES -------------------------------------------------------- 21
5. SHAREHOLDERS ------------------------------------------------------------------------------------------------------------------------- 21
6. ALLOCATION
OF
NET
LOSS -------------------------------------------------------------------------------------------------------- 22
7. CORPORATE OFFICERS -------------------------------------------------------------------------------------------------------------- 23
8. RISKS TO WHICH THE BUSINESS IS EXPOSED ------------------------------------------------------------------------- 31
9. INFORMATION CONCERNING THE WORKFORCE ---------------------------------------------------------------------- 39
10. CAPITAL PROJECTS – RESEARCH AND DEVELOPMENT -------------------------------------------------------- 40
11. SUBSEQUENT EVENTS ------------------------------------------------------------------------------------------------------------- 40
12.
COMPANY
PROSPECTS ------------------------------------------------------------------------------------------------------------------ 41
13.
ATARI
SA
FIVE-YEAR
FINANCIAL
SUMMARY ------------------------------------------------------------------------------------- 41
14.
SUMMARY
OF
AUTHORITY
CURRENTLY
GRANTED
TO
INCREASE
CAPITAL
AND
USE
MADE
OF
SAID
AUTHORITY
DURING
FISCAL
YEAR
2010/2011
(ARTICLE
L.225-
100
OF
THE
FRENCH
COMMERCIAL
CODE) -- 42
CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2011 ----------------------------------- 44
CONTENTS --------------------------------------------------------------------------------------------------------------------------------------- 44
STATUTORY AUDITORS' REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS ------------- 93
INFORMATION CONCERNING THE PARENT COMPANY ------------------------------------------------------------------------------ 95
ANNUAL FINANCIAL STATEMENTS ------------------------------------------------------------------------------------------------------- 95
NOTES TO THE FINANCIAL STATEMENTS --------------------------------------------------------------------------------------------- 96
STATUTORY
AUDITORS'
REPORT
ON
THE
FINANCIAL
STATEMENTS -------------------------------------------------------- 95
GENERAL INFORMATION CONCERNING THE COMPANY --------------------------------------------------------------- 117
GENERAL INFORMATION CONCERNING THE COMPANY'S CAPITAL ----------------------------------------- 120
INFORMATION ON TRADING IN THE COMPANY'S SHARES -------------------------------------------------------- 132
DIVIDENDS ------------------------------------------------------------------------------------------------------------------------------------- 136
CORPORATE GOVERNANCE ------------------------------------------------------------------------------------------------------------ 136
MANAGEMENT, SUPERVISORY AND OVERSIGHT BODIES --------------------------------------------------------- 136
SUPERVISORY AND OVERSIGHT BODIES ------------------------------------------------------------------------------------ 140
STATUTORY AUDITORS' FEES ----------------------------------------------------------------------------------------------------- 142
INFORMATION CONCERNING EMPLOYEE PROFIT SHARINGPROFIT-SHARING PLAN -------------- 142
RELATED PARTY AGREEMENTS -------------------------------------------------------------------------------------------------- 142
STATUTORY AUDITORS' SPECIAL REPORT ON RELATED PARTY AGREEMENTS AND
COMMITMENT YEAR ENDED MARCH 31, 2011 ----------------------------------------------------------------------------- 143
REPORT
BY
THE
CHAIRMAN
OF
THE
BOARD
OF
DIRECTORS
ON
THE
PREPARATION
AND
ORGANIZATION
OF
THE
BOARD’S
ACTIVITIES
AND
ON
INTERNAL
CONTROL
PROCEDURES,
PRESENTED
IN
ACCORDANCE
WITH
ARTICLE
L.
225-37
OF
THE
FRENCH
COMMERCIAL
CODE ---------------------------------------------------------------------- 146
STATUTORY AUDITORS’ REPORT, PREPARED IN ACCORDANCE WITH ARTICLE L. 225-235 OF
THE FRENCH COMMERCIAL CODE ON THE REPORT PREPARED BY THE CHAIRMAN OF THE
BOARD OF DIRECTORS OF ATARI ----------------------------------------------------------------------------------------------- 151
RECENT DEVELOPMENTS ---------------------------------------------------------------------------------------------------------------- 152
PRESS RELEASE OF JULY 16, 2011 --------------------------------------------------------------------------------------------- 152
PARTIES RESPONSIBLE FOR THE REGISTRATION DOCUMENT AND STATEMENTS ------------------- 153
STATEMENT BY THE PERSON RESPONSIBLE FOR THE REGISTRATION DOCUMENT -------------- 153
INFORMATION -------------------------------------------------------------------------------------------------------------------------------- 154
ANNUAL INFORMATION DOCUMENT -------------------------------------------------------------------------------------------- 155
CROSS-REFERENCE TO THE ANNUAL FINANCIAL REPORT --------------------------------------------------------- 159