Ubisoft 2006 Annual Report Download - page 99

Download and view the complete annual report

Please find page 99 of the 2006 Ubisoft annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 189

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189

CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2007
87
2
2.5.6.4 Off-balance-sheet commitments
1. Sureties and guarantees
(1) Only commitments of more than €500 thousand are detailed.
03.31.07 Due date 03.31.06
Sureties and guarantees given 50,566 25,209
Debtor (1) Type of guarantee
Ubisoft Divertissements Inc. Loan repayment guarantee 2,603 Sept 2007
Ubisoft Ltd Loan guarantee 20,000 12.29.2011
Ubisoft Inc. Guarantee of commercial commitments 2,252 End of commercial relationship
Ubisoft Ltd Lease payment guarantee 3,161 June 2016
Red Storm Entertainment Inc. Lease payment guarantee 759 10.31.2009
Ubisoft Divertissements Inc. Lease payment guarantee 573 End of lease contract
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
Notes receivable discounted None 1,000
Following the resignation of Ms. Yvette Guillemot on June 23, 2006, Mr. Marc Fiorentino was co-opted by the Board of
Directors on July 10, 2006. This cooption was approved at the General Meeting of September 25, 2006.
No obligation has been undertaken by the company in favour of its corporate officers related to their termination or change
in employment, such as in the event of a takeover bid.
No loans or advances were made to the company’s managers as provided by Article L225-43 of the French Commercial
Code.
The members of the Board of Directors did not receive any stock options or share subscriptions during the fiscal year just
ended.
2. Transactions with other related parties
The transactions with Gameloft SA are related to the rein-
voicing of licenses and services:
Ubisoft Entertainment SA did not buy back any of its own
shares from related parties.
03.31.07
Customer balance 968
Supplier balance 792
Revenues 2,295
Expenses 2,381
Name of manager 03.31.07 03.31.06
Total gross fixed Directors’ Total variable Benefits Total gross fixed Total variable Benefits
compensation fees compensation in kind compensation compensation in kind
paid on paid paid on paid on paid paid
Mr Yves Guillemot 214,800 € 22,500 € None None 204,000 € None None
Mr Gérard Guillemot 182,518 € 22,500 € None None 200,200 € None None
Mr Michel Guillemot 251,575 € 22,500 € None None 204,000 € None None
Mr Claude Guillemot 214,800 € 22,500 € None None 204,000 € None None
Mr Christian Guillemot 214,800 € 22,500 € None None 204,000 € None None