Ubisoft 2016 Annual Report Download - page 151

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Financial statements
5
Consolidated fi nancial statements asatMarch31, 2016
No transactions exist with the corporate executive offi cers, with the
exception of their remuneration for their duties as Chief Executive
Offi cer and Executive Vice President.
Transactions made by the Company with associated parties are
concluded according to normal market conditions.
There are no other signifi cant transactions with related parties.
NOTE27 OFF-BALANCE SHEET COMMITMENTS
Off-balance sheet commitments related to Company fi nancing
Summary
Type Description 03/31/16 03/31/15
Commitments given by Ubisoft EntertainmentSA
Financial guarantees 85,367 96,312
Commitments received by Ubisoft EntertainmentSA
Lines of credit received and not utilized 310,000 310,000
Foreign exchange hedges 607,256 454,690
Breakdown of commitments of over €10million
Type Description Expiry date 03/31/16
Commitments given
Financial guarantees 85,367
Ubisoft EntertainmentInc. Loan guarantee 05/01/17 35,000
Ubisoft Ltd
Payment guarantee for acquisition price
ofshares in Future Games of London Ltd 12/31/16 10,107
Commitments received
Lines of credit received and not utilized 310,000
Syndicated loan 07/09/19 250,000
Committed lines of credit 10/06/16 10,000
Committed lines of credit 07/23/17 15,000
Committed lines of credit 04/30/19 35,000
Leases
Finance leases
Initial value Amortization Net amount
Lease
payments
made
Remaining lease payments Residual
value-1year +1 year
11,561 863 10,723 1,054 1,048 9,311 -
The fi nance leases relate to two pieces of land and buildings and to transport equipment.
Operating leases
These primarily include €27,646 thousand in property leases, none of which exceed ten years.
Other commitments
The Group has no other material off-statement of fi nancial position commitments.
- Registration Document 2016 149