Ubisoft 2013 Annual Report Download - page 144

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Financial Statements
2013
139
LEASES:
- FINANCE LEASES:
Initial value
Amortization
Net amount
Lease payments made
Remaining lease
payments
Residual value
-1 year
+ 1 year
1,367
385
982
180
173
490
-
The finance leases relate to one building and transport equipment.
- Operating leases:
These primarily include €21,818 thousand in property leases, none of which exceed 10 years.
OTHER COMMITMENTS
The Group has no other material off-balance sheet commitments.
STAFF 1.6.9.4
Permanent staff broke down as follows at March 31, 2013:
03/31/13
03/31/12
North, Central & South America
3,578
3,114
Europe and North Africa
3,641
2,846
Asia Pacific
1,049
967
TOTAL*
8,268
6,927
* The definition of permanent staff has been expanded from previous years by integrating testers of our games. By this new definition,
permanent staff at March 31, 2012 comes to 7275 people.
The average headcount in 2012/2013 was 7,875.
Several incentive contracts were signed during the year with effect from April 1, 2012.
EVENTS AFTER THE BALANCE SHEET DATE 1.6.9.5
April 2013: Acquisition of 70% of shares not yet held from Related Design by Ubisoft GmbH
Ubisoft GmbH acquired on April 1, 2013, 70% (not yet held) of the affiliated company Related Design,
located in Germany.
April 2013: Purchase of new lines of credit
Ubisoft Divertissements Inc. purchased a new credit line from EDC for a period of 4 years in the amount of
€35 million. This credit line is guaranteed by Ubisoft Entertainment.
April 2013: Establishment of a bond of €40 million
Pursuant to Article L.228-40 of the Commercial Code, the Board of Directors on February 8, 2013 authorized
the issuance of bonds up to a total nominal amount of €40 million. Each with a nominal value of €100
thousand, these bonds were traded on the regulated market of Euronext Paris on May 6, 2013. This bond
with a lifetime of 5 years comes with a paying interest of 3.038%.