Ubisoft 2003 Annual Report Download - page 84

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FINANCIAL REPORT
2004
84
Stock options
The capital increases and issue premiums during the past fiscal year were partly driven by the exercise of stock options. For
the record, the exercise conditions of the stock option plans are as follows:
3rd plan 4th plan 5th plan 6th plan 7th plan 8th plan 9th plan 10th plan
Initial number of shares 250,000 40,471 318,426 44,605 389,065 353,181 9,220 71,796
Face value ¤0.31 ¤0.31 ¤0.31 ¤0.31 ¤0.31 ¤0.31 ¤0.31 ¤0.31
Subscription value ¤20.40 ¤38 ¤34.51 ¤34.51 ¤12.82 ¤9.20 ¤10.25 ¤9.20
Exercise period 10/23/98 12/8/00 4/9/01 4/25/02 8/16/02 10/16/02 1/29/03 4/28/03
through through through through through through through through
2/27/04 * 12/8/05 4/9/06 4/24/06 8/15/08 10/15/07 1/28/08 10/27/07
Options non encore
exercées au 31 mars 2004 0 40 471 318 426 44 605 389.065 342.388 9.220 63.402
* The decision to extend the subscription period was made at the Board meeting of October 1, 2003.
Note 16. Financial debts
Financial debt breaks down as follows:
3/31/04 3/31/03
Bond debentures 172,038 127,605
Miscellaneous financial debt - 2,914
Accrued interest 1,717 1,940
Advances in foreign currencies 29,249 85,877
Bank overdrafts 28,476 59,793
Financial debt 231,480 278,129
> 1 year > 1 year and < 5 years > 5 years
Maturities outstanding on 3/31/04 59,442 172,038 -
Fixed-rate debt 131,111
Variable-rate debt 100,369
The breakdown of financial debts by currency is as follows:
3/31/04 3/31/03
Euros 203,261 263,588
US dollars 18,455 11,457
Pounds sterling - 1,578
Canadian dollars 5,388 1,108
Yen - 397
Australian dollars 4,361
Other 15 1
Financial debt 231,480 278,129