Ubisoft 2006 Annual Report Download - page 113

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CORPORATE ACCOUNTS OF UBISOFT ENTERTAINMENT SA AS OF MARCH 31, 2007
101
3
Note 9. Bond redemption premium
The initial amount of the OCEANE redemption premium recorded as assets was €16,380 thousand.
This premium is amortized in proportion to accrued interest, i.e. €1,132 thousand at March 31, 2007.
The settlement of the OCEANE on November 22, 2006 resulted in a write-back of the amortization of the redemption
premium on the converted OCEANE, i.e. €2,387 thousand.
Note 10. Accrued expenses (adjustments accounts)
Note 11. Payables
As of 03/31/2006 As of 03/31/2007
Cumulative Increases Decreases Cumulative
Prepaid expenses 2,090 483 2,090 483
Costs of issuing debentures and OCEANE 791 - 791 -
Deferred charges on syndicated loan 544 - 257 287
Exchange conversion adjustments to assets 483 380 483 380
Total 3,908 863 3,621 1,150
03/31/2007 03/31/2006
Interest on bond debentures - 807
Bank charges payable 265 282
Total borrowings and financial debts 265 1,089
Trade payables, invoices pending 19,367 12,611
Credit notes to be issued 13,137 8,951
Tax and social security liabilities 750 605
Total 33,519 23,256
Note 12. Items relating to affiliated companies
03/31/2007 03/31/2006
Current assets
Securities 239,707 238,290
Trade receivables 63,755 54,913
Other receivables 36,572 35,461
Debts
Miscellaneous borrowings 69,095 32,442
Trade creditors and related accounts 25,163 26,934
Debts on fixed assets 184 1
Financial income 3,147 1,777
Financial expenses 2,658 1,511