Ubisoft 2000 Annual Report Download - page 78

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UBI SOFT / REFERENCE DOCUMENT
77
GameLoft.com SA and divestment of trademark utilization rights to Ludi Wap SA, as well as exceptional
depreciation of intangible fixed assets connected with projects abandoned during the financial year.
>>> CORPORATE TAX
(IN ‘000 FF) 03/31/01 03/31/00
Current income before tax (54,906) 22,905
Exceptional income/expense (254) (2,558)
Income before tax (55,160) 20,347
TAX BASE (51,223) (6,811)
6.2.4.5 Other Information
>>> 1. PERSONNEL
As of March 31, 2001, the work force consisted of 5 executives.
>>> 2. FINANCIAL COMMITMENTS AND OTHER INFORMATION
Guarantees given: FF 4,718,000
Collateral for loans: none
Guaranteed received: none
Leasing (in thousands of French francs):
INITIAL VALUE DEPRECIATION NET VALUE PAYMENTS MADE PAYMENTS REMAINING RESIDUAL
TO BE MADE VALUE
(IN ‘000 FF) - 1 YEAR +1 YEAR
33,801 29,167 4,634 6,697 4,757 2,923 319
Leased assets consist primarily of IT hardware.
Discounted bills not due: FF 8,843,000
Retirement gratuities: because of the average age of the staff, retirement commitments are insignificant.
Various products are marketed under licensing agreements signed by Ubi Soft Entertainment SA. As of March 31, 2001, the commitments
accepted by the company provided for the payment of guaranteed minimum royalties.
At the closure of the financial year, commitments by virtue of this guaranteed minimum amounted to FF 307 million.
Next year, the reductions (increases: none) in future tax liability will be as follows:
>organic 154,000
>exchange rate fluctuations 2,690,000
FF 2,844,000
>>> DIRECTORS’ REMUNERATION
Directors’ remuneration during the 2000/2001 financial year came to FF 1,086,000.