Ubisoft 2007 Annual Report Download - page 108
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UBISOFT • FINANCIAL REPORT 2008
(1) Consists of prepaid revenue.
Note 15. Other liabilities
Note 16. Accrued expenses and deferred income
These consist essentially of margin calls on the equity swap agreement (see Note 3.6.2 Off-balance sheet commitments).
03.31.08 03.31.07
Other liabilities 23,681 20,150
Cumulative as Cumulative as
of 03.31.07 Increases Decreases of 03.31.08
Deferred income(1) 3,857 - - 3,857
Translation adjustment (liability) 61 850 61 850
Total 3,918 850 61 4,707
Own shares
As of March 31, 2008, the Company held 30,371 of its own shares.
The €66,456 thousand in “miscellaneous financial liabilities” in the balance sheet consists of current account advances by
the subsidiaries to the parent company. These advances all mature in under a year.
Note 14. Borrowings
Borrowings break down as follows:
03.31.08 03.31.07
Accrued interest 272 265
Foreign currency advances - 6,508
Bank overdrafts 52,904 37,912
Borrowings 53,176 44,685
Fixed rate 25
Variable rate 53,176 44,660
< 1 year 1 to 5 years > 5 years
Amounts payable as of March 31, 2008 53,176 - -
The breakdown of borrowings by currency was as follows:
03.31.08 03.31.07
Euros 52,072 37,517
US dollars 781 18
Pounds sterling 746
Canadian dollars 242 7,093
Danish kroner 34 11
Japanese yen 40
Borrowings 53,176 44,685