Ubisoft 2006 Annual Report Download - page 120
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Personnel
As of March 31, 2007, the workforce consisted of five executive officers.
Financial commitments and other information
UBISOFT • FINANCIAL REPORT 2007
Note 25. Corporate tax
As of March 31, 2007, the following companies belonged to
the tax group:
- Ubisoft Entertainment SA (head of the group)
- Ubisoft France SAS
- Ludi Factory SAS
- Ubisoft Graphics SAS
- Ubisoft EMEA SAS
- Ubisoft Books and Records SAS
- Ubisoft Organisation SAS
- Ubisoft World SAS
- Ubisoft Manufacturing & Administration SAS
The tax savings arising from the use of losses at the tax
group’s member companies will only be temporary, since
the company in question may use them at any time for its
own purposes.
The data for Ubisoft Entertainment SA, independent of the
tax group, are as follows:
03/31/2007 03/31/2006
Current result before tax 29,404 - 29,019
Extraordinary result 6,832 18,509
Result before tax 36,236 - 10,510
Corporate tax -89 2,303
Taxable result - - 29,669
3.6.1
3.6.2
Corporate tax consists of the additional 2006 contribution (€54 thousand) and the tax revenue from the subsidiaries (€143
thousand).
Under the tax integration scheme, after allocating the fiscal year result to prior year tax losses, the following remained:
- Preintegration losses charged to Ubisoft Entertainment SA: €13.9 million.
- Losses carried forward that were generated by the tax group: €32.7 million.
The last tax inspection of Ubisoft Entertainment SA dates back to 2003 (for the period from April 1, 2000 to March 31, 2003).
Other information
3.6
03/31/2007 Expiration 03/31/2006
Sureties and guarantees given 49,608 22,091
Debtor Type of guarantee
Ubisoft Divertissements Inc. Loan repayment guarantee 2,603 09/30/2007
Red Storm Entertainment Inc. Lease payment guarantee 759 10/31/2009
Ubisoft Divertissement Inc. Lease payment guarantee 573 End of lease
Ubisoft Inc. Guarantee of commercial commitments 2,252 End of commercial relationship
Ubisoft Ltd Loan guarantee 20,000 12/29/2011
Ubisoft Ltd Lease payment guarantee 3,161 06/15/2016
Ubisoft Inc. Stand-by letter 2,253 09/30/2007
Ubisoft Inc. Stand-by letter 6,007 04/30/2007
Ubisoft EMEA SAS Stand-by letter 3,000 05/31/2007
Ubisoft EMEA SAS Stand-by letter 3,000 06/30/2007
Ubisoft EMEA SAS Stand-by letter 6,000 07/31/2007
Collateral for loans None None
Foreign exchange hedges 16,090 82,238
Pounds sterling Forward sale 7,448 April 2007
Canadian Dollar Forward sale 8,642 September 2007
Notes receivable discounted None None