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UBISOFT • FINANCIAL REPORT 2007
Potential assets
and liabilities
Deposition
The lawsuit which pended between the company and a
licensee since October 2003 concerning breach of license
agreement has been handed down in Ubisoft Entertainment
SA favor. The total amount will be known in the next few
months.
Events after
closing of accounts
Acquisition
On April 6, 2007, acquisition of the AnnoTM brand through
the buyout of the German publisher Sunflowers Interactive
Entertainment Software GmbH for €14.2 million.
Through the transaction, Ubisoft will acquire a 30% stake
in Related Designs Software GmbH, which developed Anno
1701. Ubisoft reinforces its position in the real-time stra-
tegy market. AnnoTM, along with Ubisoft’s The Settlers®,
is one of the most well known franchises in Germany.
2. Leasing
- Finance leasing arrangements:
Finance leasing arrangements mainly concern computer
hardware leased under contracts of a maximum of three
years.
- Simple leases:
these mainly involve leases related to property for
€10,523 thousand for which the term of the lease is at
most 10 years.
3. Authorizations
Lines of credit used amount to €30 million and short-term
bilateral lines of credit total €93 million. They are uncon-
firmed and revocable with 30 days’ prior notice.
The syndicated loan is confirmed in the amount of €100
million and had not been used at March 31, 2007.
4. Other commitments
Future guarantee payments
Various products are marketed under licensing contracts
signed by the group. At March 31, 2007, the commitments
made by the group provided for the future payment of gua-
ranteed minimum royalties. The commitments made by vir-
tue of this guaranteed minimum amounted to €41.2 million.
There were no other significant off-balance-sheet commit-
ments.
Employees
As of March 31, 2007, the number of permanent
employees was as follows:
The average number of employees during the 2006/2007
fiscal year was 3,734.
There is no employee profit-sharing or shareholding sys-
tem within the group
2.5.7
2.5.8
2.5.9
Initial value Amortization Net value Payments made Payments still to be made Residual value
- 1 year + 1 year
681 568 113 194 109 66 15
03.31.07 03.31.06
North America 1,923 1,795
Europe and North Africa 1,600 1,188
Asia-Pacific 411 458
Total 3,934 3,441