Ubisoft 2006 Annual Report Download - page 166

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UBISOFT • FINANCIAL REPORT 2007
Resolutions under the authority of the
ordinary general meeting
FIRST RESOLUTION
(Approval of the corporate accounts for the fiscal
year ended March 31, 2007 and final discharge gran-
ted to the directors)
The General Meeting, having met the quorum and majo-
rity conditions for Ordinary General Meetings and having
read the Board of Directors’ management report and the
statutory auditors’ report, approves the corporate
accounts for the fiscal year ended March 31, 2007, as pre-
sented (including the balance sheet, income statement and
appendix), showing a profit of €16,047,402.52, as well as
the transactions recorded in these accounts or summarized
in these reports.
It therefore grants the Directors full and unqualified dis-
charge of their duties for the fiscal year ended March 31,
2007.
SECOND RESOLUTION
(Allocation of profit for the fiscal year ended March
31, 2007)
The General Meeting, having met the quorum and majority
conditions required for Ordinary General Meetings and
having read the Board of Directors’ report, resolves to
allocate the profit for the fiscal year ended March 31, 2007
as follows:
- to profit €16,047,402.52
- to settlement of the losses carried
forward account -€13,406,663.08
Balance €2,640,739.44
- to the legal reserve up
to an amount of -€198,186.54
thus amounting to 10% of the legal minimum
Balance posted to the Other
Reserves account €2,442,552.90
The General Meeting also notes that no dividends have been
paid out during the preceding three fiscal years.
THIRD RESOLUTION
(Approval of the consolidated financial statements for
the fiscal year ended March 31, 2007)
The General Meeting, having met the quorum and majo-
rity conditions for Ordinary General Meetings and having
read the Board of Directors’ report regarding the group’s
management and the auditors’ report regarding the
consolidated financial statements, approves the consolida-
ted financial statements for the fiscal year ended March
31, 2007, as presented (including the balance sheet,
income statement and appendix), as well as the transac-
tions recorded in these accounts or summarized in these
reports.
FOURTH RESOLUTION
(Approval of the agreements and commitments stipu-
lated in Articles L. 225-40 and seq. of the French
Commercial Code)
The General Meeting, having met the quorum and majo-
rity conditions required for Ordinary General Meetings
and having read the special auditors’ report concerning
the agreements and commitments stipulated in Articles L.
225-40 and seq. of the French Commercial Code and rela-
ting to the fiscal year ended March 31, 2007, notes the
conclusions of said report and approves the new agree-
ments made during the fiscal year ended March 31, 2007
and the agreements that continued to be performed during
the previous fiscal year, as cited therein.
FIFTH RESOLUTION
(Renewal of the term of a director)
The General Meeting, having met the quorum and majo-
rity conditions for Ordinary General Meetings and having
noted that the term of Mr. Yves Guillemot, Director, is
expiring at the end of this meeting, resolves to renew said
term for six years, which will expire at the end of the
Ordinary General Meeting of Shareholders convened to
vote on the accounts of the fiscal year ended March 31,
2013.
SIXTH RESOLUTION
(Renewal of the term of a director)
The General Meeting, having met the quorum and majo-
rity conditions for Ordinary General Meetings and having
noted that the term of Mr. Michel Guillemot, Director, is
expiring at the end of this meeting, resolves to renew said
term for six years, which will expire at the end of the
Ordinary General Meeting of Shareholders convened to
vote on the accounts of the fiscal year ended March 31,
2013.
SEVENTH RESOLUTION
(Renewal of the term of a director)
The General Meeting, having met the quorum and majo-
rity conditions for Ordinary General Meetings and having
noted that the term of Mr. Claude Guillemot, Director, is
expiring at the end of this meeting, resolves to renew said
term for six years, which will expire at the end of the
Ordinary General Meeting of Shareholders convened to
vote on the accounts of the fiscal year ended March 31,
2013.
EIGHTH RESOLUTION
(Renewal of the term of a director)
The General Meeting, having met the quorum and majo-
rity conditions for Ordinary General Meetings and having
noted that the term of Mr. Gérard Guillemot, Director, is
7.1