Atari 2012 Annual Report Download - page 99

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ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
99
10. OTHER EQUITY
Following the public exchange offer relating to the January 4, 2008 bond issue, on February 11, 2009, the Company
issued bonds redeemable for new or existing shares, maturing April 1, 2014. The nominal value of the bond issue was
€147,987,100 represented by 1,479,871 bonds with a nominal value of €100 each. The bonds bear annual interest at
0.5%.
On January 27, 2009, the Company issued bonds redeemable for new or existing shares with stock warrants attached,
maturing April 1, 2014. The nominal value of the bond issue was €40,543,800 representing 405,438 bonds with a
nominal value of €100 each. The bonds bear annual interest at 0.5%.
On January 22, 2010, as part of the financing transactions of December 2009 and January 2010 (see note 1.4 “Material
events”), the Company issued bonds redeemable in new or existing shares, maturing April 1, 2015. The nominal value of
the bond issue was €15,642,800, represented by 156,428 bonds with a nominal value of €100 each, of which 126,964
were paid for by means of the cancellation of debt of 12.6 million euros. The bonds bear annual interest at 0.5%.
11. PROVISIONS FOR CONTINGENCIES AND LOSSES
(€ thousands)
3/31/2011
Additions
Reversals
3/31/2012
Utilized
Surplus
Provisions for future commitments
0
0
Provisions for foreign exchange risks
37 191
20 098
37 191
20 098
Provisions for losses on investments in subsidiaries
1 253
1 253
Provision for employee risk: severance benefits due
to restructuring
Other provisions
10
10
Total
38 454
20 098
0
37 191
21 361
o/w operating
o/w financing
20 098
37 191
o/w non recurring
0
Provisions for losses on investments are designed to cover risks stemming from subsidiaries with a negative net worth.
On March 31, 2011, this provision concerns Atari Japan.
Provision for foreign exchange risk mainly concerns the intercompany loan of US $254 million that was granted to Atari
Interactive Inc.
12. BOND DEBT
12.1. Position as of March 31, 2012
(€ thousands) 31-Mar-12 31-Mar-11 Change
ORANE 2008 (FR0010560615)
483 525 (42)
ORANE 2009 (FR0010690081)
36 749 38 495 (1 746)
ORANE 2009 (FR0010696153)
110 318 133 559 (23 241)
ORANE 2010 (FR0010833053)
15 477 15 512 (35)
Total
163 026 188 091 (25 064)
% of bonds converted or exchanged 99,70% 9,74% 9,36% 1,06%
Number of bonds outstanding 4 834 1 103 175 367 488 154 768
Nominal value 483 110 317 36 749 15 477
Discount (1) - - - -
TOTAL 483 110 317 36 749 15 477 163 026
o/w maturing in 1 year or less - - -
o/w maturing in more than 1 year 483 110 317 36 749 15 477 163 026
(€ thousands)
Oranes
2009-2014
Oranes-
Bsa 2009-
2014
Oranes
2008-2014
Oranes
2010-2015
Total other equity