Ubisoft 2000 Annual Report Download - page 58

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UBI SOFT / REFERENCE DOCUMENT
57
March 12, 2001 share warrants
Number and face value: 53,266 >1 warrant needed to subscribe a share of face value FF 2
Issue price: 0.01 (FF 0.07)
Strike period: from December 28, 2001 to March 11, 2006
Strike price: 40.288 (FF 264.27)
>As of March 31, 2001, no warrants had been exercised.
March 19, 2001 share warrants
Number and face value: 9,044 >1 warrant needed to subscribe a share of face value FF 2
Issue price: 0.01 (FF 0.07)
Strike period: from March 19, 2002 to March 18, 2006
Strike price: 32.072 (FF 210.38)
>As of March 31, 2001, no warrants had been exercised.
Stock options
The capital increases and issue premiums during the past financial year were partly driven by the exercising of stock options. For the record,
the exercise conditions of the stock option plans are as follows:
1ST PLAN 2ND PLAN 3RD PLAN 4TH PLAN 5TH PLAN
Initial number of shares 250,000 250,000 250,000 40,471 400,000
Face value FF 2 FF 2 FF 2 FF 2 FF 2
Subscription price FF 36 FF 79.40 FF 133.80 FF 249 FF 226.37
Date of validity 06/15/96 04/22//97 10/23/98 12/08/00 04/09/01
On 06/15/2001 On 04/22/2002 On 10/23/2003 On 12/ 08/2005 On 04/09/2006
Options not exercised as of March 31, 2001 58,851 246,250 246,905 40,471
>>> XII. PROVISIONS FOR RISKS AND CHARGES
Provisions for risks and charges break down as follows:
ON 03/31/00 INCREASE APPROPRIATION WRITE-DOWNS ON 03/31/01
Provisions for currency losses 2,829 270 58 3,061 96
Negative goodwill 1,206 - - 61 1,145
TOTAL 4,035 270 58 3,122 1,241
The negative goodwill was connected with the acquisition of Ubi Studios Ltd on February 1, 2000.
As a precaution, it was decided to spread this difference over the same duration as the amortization of positive goodwill, i.e. 20 years.
>>> XIII. FINANCIAL DEBTS
Financial debts break down as follows:
(IN ‘000 FRENCH FRANCS) 03/31/01 03/31/00
Bond debentures 192,030 238,929
Borrowings from credit institutions 243,418 68,004
Accrued interest 7,243 6,235
Advances in foreign currencies 461,358 2,750
Bank overdrafts 225,059 18,233
Borrowings resulting from restatement of leases 8,280 10,069
Advances by the State 248 248
Borrowings 1,137,636 344,468
< 1 YEAR > 1 YEAR AND < 5 YEARS > 5 YEARS
Maturities outstanding on 03/31/01 865,389 272,247 -