Ubisoft 2016 Annual Report Download - page 173

Download and view the complete annual report

Please find page 173 of the 2016 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 216

  • 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
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216

Financial statements
5
Separate fi nancial statements of Ubisoft EntertainmentSA for the year ended March31, 2016
Group savings scheme
Ubisoft also offers Group savings schemes to allow workers in France
and abroad to acquire Ubisoft shares as part of reserved capital
increases. Workers acquire these shares with a maximum discount
of 15% versus the average opening price over the 20 trading days
prior to the Board of Directors’ meeting that approved the capital
increase.
The retention period is fi ve years for French employees.
03/31/16 03/31/15
Grant date 07/21/15 04/02/15 07/15/14
Subscription price (in €) €12.18 €14.22 €8.89
Number of shares subscribed 134,116 179,300 211,142
Own shares
As at March 31, 2016, the Company held 3,647,838 own shares.
Number of shares in portfolio:
♦ Liquidity agreements 45,800
♦ Share buyback program 3,488,214
♦ Coverage of purchased stock options 113,824
NOTE14 PROVISIONS IN THE BALANCE SHEET
03/31/15 Provisions
Reversals
03/31/16
Provision
used Provision
unused
Provisions for risks
For foreign exchange risks 395 2,923 395 - 2,923
For subsidiary risks 47,461 24,304 513 - 71,252
Impairments
On equity investments 7,961 - 985 - 6,976
TOTAL 03/31/16 55,817 27,227 1,893 - 81,151
TOTAL 03/31/15 10,733 46,062 853 125 55,817
Details of the changes in equity investment impairments are provided in Note 3 “Non-current fi nancial assets”.
Details of the changes in regulated provisions are provided in Note 13 “Statement of changes in equity”.
- Registration Document 2016 171