Ubisoft 2002 Annual Report Download - page 65

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2003
65
FINANCIAL
REPORT
Accounts on March 31, 2003
Leasing:
4.Compensation of corporate officers
Total gross compensation paid to corporate officers during the fiscal year by the company and by controlled companies
as defined by Article L233-16 came to K495. No attendance fees were paid.
No loans or advances were made to officers of the company in accordance with Article L225-43 of the French Commercial Code.
Mrs. Yvette Guillemot is not compensated for her duties as a director of the Ubisoft Entertainment Group.
5.Events after closure of accounts
Issuance of new share purchase or subscription warrants granted free of charge on May 14, 2003:
Number and face value: 17,540,082. Fifteen warrants are needed to subscribe one share with a face value of 0.31
Exercise period: from May 14, 2003 through May 14, 2006.
Exercise price: 28
The subscription warrants attributed to Ubisoft Entertainment, namely 1,169,733 warrants,were cancelled.
The company made a commitment to dispose of directly held shares in excess of 1% of its stock before September 30, 2003.
Since April 1, 2003, the company has bought back 200,000 convertible bonds,each valued at 33.
Corporate officer Total compensation paid Total benefits in kind paid
Gérard Guillemot 109,764 914
Yves Guillemot 109,764 None
Michel Guillemot 109,764 None
Claude Guillemot 82,332 None
Christian Guillemot 82,332 None
Initial value Depreciation Net value Payments made
Payments remaining to be made
Residual value
< 1 an > 1 an
4,885 4,585 300 644 395 96 45
Leasing agreements primarily cover IT hardware, and are for
a period of no more than 3 years.
Various products are marketed under licensing agreements
signed by Ubi Soft Entertainment S.A.
As of March 31, 2003, the commitments undertaken by the
company provided for the payment of guaranteed minimum
royalties.
At the close of the fiscal year, commitments by virtue of this
guaranteed minimum amounted to 23 million.