Ubisoft 2006 Annual Report Download - page 85

CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2007
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Note 12 Equity
• Capital
The company’s share capital on March 31, 2007 was
€7,036,577.78, consisted of 45,397,276 shares with a face
value of €0.155, each fully paid up.
Each share gives a right to ownership of the corporate
assets and the liquidating dividend equal to the proportion
of the equity that it represents.
Voting rights double those conferred on other shares,
based on the proportion of the share capital they repre-
sent, are attributed to all fully paid-up shares that are pro-
ved to have been registered for at least two years in the
name of the same shareholder.
In the event of a share capital increase by the capitalization
of reserves, profits or issue premiums, this right is also
conferred at the date of issue on registered shares allotted
free of charge to a shareholder in exchange for old shares
for which this right was enjoyed.
Number of Ubisoft Entertainment SA shares
(*) On December 5, 2006, the Board of Directors decided to carry out
a 2-for-1 split of Ubisoft’s share effective December 11, 2006.
The number of potential shares that may be created by the
exercise of financial instruments is as follows:
3,020,002 by exercise of stock options.
The change in net cash flow breaks down as follows:
During the fiscal year ended March 31, 2007, 851,141 shares with a face value of €0.31 were created following the exer-
cise of 12,767,115 share subscription warrants.
Stock purchase warrants
Stock purchase warrants for existing shares and/or subscription warrants for new shares at May 14, 2003
Number: 17,540,082, with 15 warrants needed to subscribe for one share with a face value of €0.31.
Exercise period: May 14, 2002 through May 14, 2006 inclusive
Strike price: €28
The option to exercise the share subscription warrants expired on May 14, 2006.
03.31.07 03.31.06
Type Name Number Gross value Fair value Gain/loss Fair value
K€ K€ K€ K€
Mutual fund UCITS liquidity contract 654 1,354 1,359 5 759
Mutual fund Etoile MONE EURIBOR 197 21,040 21,040 - 7,030
Open-ended investment trust CPR CASH SI 257 5,197 5,199 2 8,503
Mutual fund CENTRALE PIBOR - - - - 7,498
Mutual fund UCITS - - - - 7,545
Mutual fund SECURITE PLUS 8 1,931 1,932 1 4,910
Mutual fund SGAM 12 1,256 1,256 - 1,014
Total - 30,778 30,786 8 37,259
Cash breakdown 03.31.07 03.31.06
Cash and cash equivalents 126,552 136,991
Foreign currency advances - 6,508 - 5,432
Bank overdrafts and short-term loans - 41,391 - 50,665
Total 78,653 80,894
As of 04.01.06 19,434,336
Exercice of options 445,953
Conversions of OBSAR 69
Conversions of OCEANE 475,998
Exercise of subscription warrants 851,141
Group/company savings plan/
Equity issue Reserved share capital increase 46,691
Subtotal (before 2-for-1 stock split*) 21,254,188
Subtotal (after 2-for-1 stock split*) 42,508,376
Exercice of options 261,224
Exercise of BSAR 2,627,676
As of 03.31.07 45,397,276