Atari 2012 Annual Report Download - page 68

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ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
68
Except for the receivable linked to an important licensing deal that was paid in the days following the year end, no single
customer accounted for more than 9.0% of trade receivables at March 31, 2012, or for more than 7.6% at March 31,
2011.
The table below shows changes in provisions for impairment in value:
NOTE 9 – OTHER CURRENT ASSETS
Other assets consist of the following:
(*) included escrow account for €3.5 million (Cryptic Studios divestiture)
NOTE 10 – CASH AND CASH EQUIVALENTS
Cash and cash equivalents reported in the consolidated cash flow statement respectively include (i) cash on hand and
demand deposits for €5.4 million, and (ii) highly liquid short-term investments (measured at market value at balance
sheet date) that are readily convertible to a known amount of cash and are subject to an insignificant risk of changes in
value.
At March 31, 2012 and 2011, there were no cash balances that could not be freely used.
NOTE 11 – EQUITY
11.1. CAPITAL STOCK
COMMON STOCK
At March 31, 2012, the Company had 29,483,404 common shares outstanding, fully paid up, with a nominal value of
€0.5 each. In November 2011, as permitted by the September 30, 2011 shareholders meeting, Atari S.A. reduced its
capital, not motivated by losses, by reducing the nominal value of the shares from 1 euro to 0.5 euro.
All shares are of the same class and may be held in either identifiable bearer (TPI) or registered form, at the holder's
option. Each share entitles its holder to one vote on resolutions submitted to the Company’s shareholders. All paid-up
shares held in registered form by the same shareholder for at least two years carry double voting rights, as do any
additional shares acquired pursuant to rights attached to registered shares carrying double voting rights.
DIVIDENDS
The Board of Directors may recommend to the Company's shareholders that dividends be paid representing up to the
amount of the Company's distributable earnings and reserves. Decisions regarding dividends are made by the
Company's shareholders in a Shareholders' Meeting. The Group has not paid any dividends for the past three Fiscal
Years.
(€ million) March 31, 2012 March 31, 2011
Gross value 6.7 12.5
Provisions for impairment in value (0.1) (2.4)
Reclassification of assets held for sale (0.4)
Net value 6.6 9.7
(€ million)
Year ended
March 31, 2012
Year ended
March 31, 2011
At beginning of year 2.4 1.1
Charges 1.4
Reversals (2.2)
Translation adjustments (0.1) (0.1)
Other
At end of year 0.1 2.4
Prepaid and recoverable taxes and employee-related receivables
1.5 1.7
Prepaid expenses 0.4 0.7
Other (*) 3.5 0.4
Other current assets 5.4 2.8
(€ million)
March 31, 2012
March 31, 2011