Ubisoft 2001 Annual Report Download - page 67

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FINANCIAL REPORT
Consolidated accounts
67
Initial Depreciation Net value Payments Payments remaining Residual
value made to be made value
< 1 year >1 year
5,928 5,099 828 934 643 499 32
3. Director’s remuneration
Total gross remuneration paid out during the financial year by the company and its subsidiaries to directors
(L233-16 article) came to K377. No attendance fees were paid.
The leasing agreements primarily cover IT hardware, and are
for a period of no more than 3 years.
Discounted bills not due: K1.568
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 S.A. As of March 31, 2002,
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 M68,8.
Director identity Amount / Total remuneration Amount / Benefit in kind
GUILLEMOT Gérard 89.336 914
GUILLEMOT Yves 79.275 None
GUILLEMOT Michel 79.275 None
GUILLEMOT Claude 64.034 None
GUILLEMOT Christian 64.034 None
4. Events after closure of accounts
■On August 30, 2002 GUILLEMOT BROTHERS S.A. gave to
GUILLEMOT CORPORATION S.A. one million of shares for an
amount of M15. At this date GUILLEMOT CORPORATION
S.A. hold 6.4% of capital and 6.6% of voting rights.
■On September 6, 2002, Ubi Soft, in accordance with Article
L 233-8 of the French Commercial Code, announced that,
owing to the loss by GUILLEMOT BROTHERS S.A. (formerly
UBI PARTICIPATIONS SA) of part of its double voting rights
on 30 August 2002, the total number of voting rights linked
to the 17,368,732 shares making up Ubi Soft’s capital
stock is now 16,839,671.
■Ubi Soft®Entertainment announced on September 9, 2002
that it has redeemed 752,000 2.5% convertible bonds, for
approximately 61% of their balance sheet value. The opera-
tion, which took place in August, represents a substantial
financial gain as well as a 14.2 million euro reduction in the
company’s net debt.
5. Personnel
As of March 31, 2002, employee numbers break down as follows:
Europe 934
Asia 234
Canada 369
USA 211
Morocco 73
Romania 63
Australia 14
Brazil 3
Total 1 901
Leasing