Ubisoft 2000 Annual Report Download - page 76

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UBI SOFT / REFERENCE DOCUMENT
75
>>> 16. FINANCIAL DEBTS
Financial Debts break down as follows:
IN ‘000 FF 03/31/01 31/03/00
Bond debentures 192,030 238,929
Borrowings from credit institutions 220,947 60,156
Accrued interest 7,208 6,200
Advances in foreign currencies 461,358 2,749
Bank overdrafts 214,470 6,720
Advances by the State 248 248
Financial Debts 1,096,261 315,002
< 1 YEAR > 1 YEAR AND < 5 YEARS > 5 YEARS
Maturities still payable on 03/31/01 827,403 268,858 -
The breakdown of financial debts by currency is as follows:
IN ‘000 FF 03/31/01
FRENCH FRANCS 694,548
EUROS 40,995
US DOLLARS 360,706
POUND STERLING 12
BORROWINGS 1,096,261
The company has made two convertible bond issues with the following characteristics:
Chief characteristics of the first convertible bond issue:
Number and face value: 167,000 bonds with a face value of FF 600
Issue price: FF 600 per bond
Due date and settlement day: October 10, 1997
Term of bond: 5 years and 173 days
Annual yield: 2% per year, or FF 12 per bond, payable on April 1 of each year starting April 1, 1998
Gross redemption yield: 4.26% on October 10, 1997
Normal redemption: redeemed in full by April 1, 2003 by redemption at a price of FF 681.58, or 113.6% of the issue price
>126,289 bonds were converted, 18,705 during this year. 40,711 remain to be exercised.
>This loan will be repaid early, from May 21 to August 20, 2001.
Chief characteristics of the second convertible bond issue:
Number and face value: 314,815 bonds with a face value of FF 1,080
Issue price: FF 1,080 per bond
Due date and settlement day: July 16, 1998
Term of bond: 7 years
Annual yield: 3.80% per year, or FF 41.04 per bond, payable on July 16 of each year
Gross redemption yield: 3.80% on July 16, 1998
Normal redemption: amortized in full by July 16, 2005 by redemption at a price of FF 1,080, or 100% of the issue price
>162,702 bonds were converted, 31,621 during this year. 152,113 remain to be exercised.