Atari 2012 Annual Report Download - page 96

Download and view the complete annual report

Please find page 96 of the 2012 Atari annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 140

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140

ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
96
exchange rate between $US and € concerning the loan to Atari Interactive Inc.
The provisions increased by €50 million due to this Fiscal Year impairment.
All receivables from subsidiaries are due in more than one year.
As of March 31, 2012, the Company holds 2,469 treasury shares.
4.2. Provisions for impairments of financial fixed assets
Changes in provisions on financial fixed assets primarily reflect:
Movement of provisions on investments and receivables:
- Addition to provisions in the amount of €25.6 million recognized on the shares of Atari Europe
- Addition to provisions in the amount of €27.5 million recognized on the shares of Atari Inc
- Addition to provisions in the amount of €0.5 million recognized on the loan to Atari Japan
As well as:
- Reversal of provision in the amount of €0.13 million recognized on the shares of California US Holding;
- Reversal of provision in the amount of €3.5 million recognized on the shares of Game One
- Reversal of provision in the amount of €0.1 million recognized on the shares of Eden Games.
5. TRADE RECEIVABLES
03/31/2011
Gross Impairment Net Net
Trade receivables
- external -
- intra-group 98 - 98 197
- accrued 8 875 - 8 875 6 731
Total 8 973 - 8 973 6 928
(€ thousands)
03/31/2012
All of the above receivables are due in less than one year.
The accrued trade receivables are linked to the management fees addressed to the other companies of the group.
6. OTHER RECEIVABLES
(€ thousands)
3/31/2012
3/31/2011
Corporate income tax
242(1)
530
Sales taxes
246
371
Receivables from the Group in connection with tax
consolidation
-
-
Other receivables
3,979(2)
307
Total
4,467
1,208
All of the above receivables are due in less than one year.
(1) As of March 31, 2012, “Corporate income tax” amounting to €242 thousand mainly corresponds to research tax
credits at Group level.
(2) As of March 31, 2012, “Other receivables” include escrow amount for €3,500 thousand related to Cryptic cession.
(€ thousands) 31-Mar-11 Additions Reversals 31-Mar-12
Investments in subsidiaries and associates 622 270 104 127 82 353 - 644 044
Receivables from subsidiaries and associates 180 222 27 729 12 264 - 195 687
Loans 1 249 - - 1 249
Total 803 742 131 856 94 617 - 840 981