Ubisoft 2003 Annual Report Download - page 83

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FINANCIAL REPORT
2004 83
02
Financial Report for FY ending 3/31/04
As of 3/31/03 FY Write-backs over As of 3/31/04
provisions the fiscal year
Provisions for risk
For exchange risk 577 817 577 817
Other provisions for risk and charges 328 - 328 -
Total 905 817 905 817
Provisions for depreciation
Of equity holdings 10,506 1,715 998 11,223
Of other long-term investment - 200 - 200
Of trade receivables 51 3 51 3
Of other receivables 601 111 427 285
Of investment securities and cash instruments 22,948 161 22,721 388
Total 34,106 2,190 24,197 12,099
TOTAL 35,011 3,007 25,102 12,916
Note 14. Provisions on the balance sheet
Note 15. Share capital
Capital
On March 31, 2004, Ubisoft Entertainment SA's capital consisted of 17,582,304 shares with a face value of ¤0.31 each, i.e.
¤5,450,514.24.
Number of Ubisoft Entertainment SA shares
As of 4/1/03 17,540,082
Exercised options 42,185
Bond conversions 37
As of 3/31/04 17,582,304
Maximum number of shares that may be created: 6,385,287
• Through bond conversion: 2,598,318
• Through the exercise of stock options: 1,207,577
• Through the exercise of subscription warrants: 2,579,392
Stock purchase warrants
Stock purchase warrants as of March 12, 2001:
Number and face value: 53,266, with one warrant entitling its holder to subscribe for 1.038 shares
with a par value of ¤0.31 (in accordance with the adjustment made in
connection with the issue of warrants for the purchase of existing shares
and/or subscription for new shares in May 2003).
Issue price: ¤0.01.
Strike period: December 28, 2001 to March 11, 2006.
Strike price: ¤40.29.
As of March 31, 2004, no warrants had been exercised.
Stock purchase warrants for existing shares and/or for the subscription for new shares as of May 14, 2003:
Number and face value: 17,540,082, with 15 warrants needed to subscribe for one share with a face
value of ¤0.31.
Issue price: ¤0.01.
Strike period: May 14, 2002, to May 14, 2006.
Strike price: ¤28.
The 1,169,733 warrants allocated to Ubisoft Entertainment SA were cancelled.
11,280 warrants were exercised during the fiscal year via delivery of own shares.
As of March 31, 2004, 16,359,069 subscription warrants remained to be converted.