Atari 2012 Annual Report Download - page 18

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ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
18
2.3. CONSOLIDATED BALANCE SHEETS
SIMPLIFIED CONSOLIDATED BALANCE SHEET AS OF MARCH 31, 2012 AND MARCH 31, 2011
Note; As of March 31, 2012, Eden assets and liabilities, in the process of being disposed of as of March 31, 2012, are reported on the
line “assets/liabilities held for sale”. In the process of being disposed by the end of April 2012, is also reported on the line “discontinued
operations” the value of Game One’s shares
Consolidated shareholders' equity was -€7.5 million as of March 31, 2012, a decrease of €3.7 million down from -€3.8
million at March 31, 2011. The table below shows the changes in equity during the year:
Net cash
As of March 31, 2012, the Group had a net debt of €20.8 million, compared with net debt of €36.1 million as of the end of
the previous Fiscal Year. The cash and debt positions were as follows:
Net cash (net debt) is defined as cash and cash equivalents less current and long-term portions of debt.
The Group’s net debt position decreased primarily due to the partial reimbursement on the BlueBay credit facility, and
due to the reimbursement of the OCEANEs 2011 in July 2011.
The following shows the maturity of debt and interest:
Atari Atari
Goodwill 5.8 5.4
Intangible assets 9.2 12.7
Tangible assets 0.2 2.7
Other non-current assets 0.4 2.1
Non-current assets 15.6 22.9
Current assets 13.4 16.0
Current assets classified as held for sale 3.2 42.3
Cash and cash equivalents 5.4 16.4
Current assets 22.0 74.7
Total assets 37.6 97.6
Shareholders' equity (7.6) (3.9)
Minority interests 0.1 0.1
Total shareholders' equity (7.5) (3.8)
Long term debt 2.0 3.4
Other non-current liabilities 0.1 4.8
Non current liabilities 2.1 8.2
Short term debt 24.2 49.0
Current liabilities 17.8 32.8
Liabilities classified as held for sale 1.1 11.4
Current liabilities 43.1 93.2
Total equity and liabilities 37.6 97.6
(€ million)
March 31, 2012
March 31, 2011
Total equity as of March 31, 2011 (3,8)
Net loss (3,7)
Cryptic Studios disposal (earn-out & other) (3,1)
Other 3,1
Total equity as of March 31, 2012 (7,5)
(€ millions) March 31, 2012 March 31, 2011
OCEANEs 2011 and 2020
(0,6) (5,9)
ORANEs
(1,4) (2,6)
BlueBay credit facility
(24,2) (42,4)
Other
- (1,5)
Total debt
(26,2) (52,5)
Cash and cash equivalents
5,4 16,4
Net cash (net debt)
(20,8) (36,0)