Ubisoft 2006 Annual Report Download - page 115
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CORPORATE ACCOUNTS OF UBISOFT ENTERTAINMENT SA AS OF MARCH 31, 2007
103
3
Stock options
The increases in share capital 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:
Own shares
As of March 31, 2007, the company held 22,059 of its own shares.
(*) Limitation of the exercise period approved by the Board of Directors on November 2, 2005 to ensure compliance with the maximum period allowed by US law.
(**) As a result of the 2-for-1 stock split on December 11, 2006, the total number of shares allotted and the number of options at April 1, 2006 doubled and the
price of the options was reduced by one-half.
Other borrowings, which total €69,095 thousand on the balance sheet, consist of current account advances made by
subsidiaries to the parent company. These advances are due in less than one year.
Note 15. Borrowings
Borrowings break down as follows:
5th 6th 7th 8th 9th
Plan Plan Plan Plan Plan
Total number of shares allotted (**) 641,852 89,210 778,130 706,362 18,440
Start date for exercising options 09/04/02 25/04/02 19/01/05 16/10/03 29/01/04
Expiration date for options 08/04/06 24/04/06 15/08/12 15/10/07 28/01/08
Option price (**) € 17.26 € 17.26 € 6.41 € 4.60 € 5,13
Options at 04/01/2006 (**) 153,870 13,772 576,730 480,676 13,080
Options exercised during the fiscal year 100,950 12,000 400,875 275,657 2,800
Options canceled during the fiscal year 52,920 1,772 - 16,130 -
Options not yet exercised at March 31, 2007 - - 175,855 188,889 10,280
10th 11th 12th 13th
Plan Plan Plan Plan
Total number of shares allotted (**) 143,592 776,300 992,100 1,355,892
Start date for exercising options 28/10/03 14/10/05 17/11/05 17/11/05 01/07/05 23/02/07
Expiration date for options 15/06/07* 13/10/14 16/11/14 16/11/14 15/06/09* 22/02/11
Option price (**) 4.60 € 7.75 € € 7.36 € 7.74 € 6.78 15.82 €
(France) (Italy) (USA)
Options at 04/01/2006 (**) 52,618 666,684 939,558 1,355,892
Options exercised during the fiscal year 41,542 171,204 99,320 48,782
Options canceled during the fiscal year 450 1,656 6,820 -
Options not yet exercised at March 31, 2007 10,626 493,824 833,418 1,307,110
03/31/2007 03/31/2006
Bond debentures - 147,162
OCEANE - 92,188
OBSAR - 54,974
Accrued interest 265 1,089
Foreign currency advances 6,508 5,432
Bank overdrafts 37,912 47,898
Borrowings 44,685 201,581
Fixed-rate debt 25 92,915
Variable-rate debt 44,660 108,666
< 1 year 1 to 5 years > 5 years
Amounts payable at March 31, 2007 44,685 - -