Ubisoft 2014 Annual Report Download - page 173
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Financial statements
2014
168
Note 10. Investment securities and cash
Type
Gross value
Fair value
Provision
Net amount
UCITS
8,616
8,618
-
8,616
Own shares*
1,422
4,692
-
1,422
TOTAL
10,038
13,310
-
10,038
*360,938 of the 400,000 shares acquired on the market and allocated to cover the stock option plan authorized by the Board of
Directors on March 9, 2012.
The cash breakdown is as follows:
03/31/14
03/31/13
Investment securities
10,038
43,792
Cash
88,167
61,605
Bank overdrafts and short-term loans
(78,886)
(82,972)
TOTAL
19,319
22,425
Note 11. Prepaid expenses and deferred charges
Opening
balance
Increase
Decrease
Closing
balance
Prepaid expenses
6,565
11,051
6,565
11,051
Syndicated loan issuance costs
1,634
167
422
1,379
Bond issuance costs
175
319
88
406
Conversion rate adjustment (assets)
24
290
24
290
TOTAL at 03/31/14
8,398
11,827
7,099
13,126
TOTAL at 03/31/13
5,071
8,684
5,357
8,398
Note 12. Related party transactions
The main relationships of the parent company with its subsidiaries relate to:
- production subsidiaries billing the parent company for development costs based on the
progress of their projects,
- the parent company invoicing distribution subsidiaries for a contribution to development costs,
- the implementation of cash agreements allowing for centralized management at parent
company level of the bank accounts belonging to the majority of the Group companies.
The nine corporate officers of the Company are described as related parties. The transactions with
these officers concern the allocation of directors’ fees.
Five of these corporate officers hold management roles for which they receive compensation and are
granted stock options.
Information relating to these transactions with corporate officers is detailed in Note 3.6.3.
The other significant related party transactions are:
- licenses invoiced to Gameloft SA for €650 thousand over the fiscal year,
- amounts invoiced in respect of development contracts with AMA Studios SA, AMA Ltd,
Longtail Studios Inc. and Gameloft SA, totaling €3,924 thousand. Trade payables amounted to
€691 thousand at the balance sheet date. Balance sheet assets were €14,415 thousand at
closing.