Ubisoft 2012 Annual Report Download - page 165
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Financial Statements
2012
160
Conditions :
The license agreement concerns a period from January 28th, 2009 to April 1, 2012. The amount
of the royalties booked as turnover by your company as of March 31, 2012 totaled €866,522
excluding tax.
3. Brand licensing agreement with Gameloft SA
Nature and purpose :
On August 18th, 2003, your Board of Directors authorized your company to sign an exclusive
licensing agreement for current and future brands with Gameloft S.A. for the development of
interactive video games for telephone, fax and telecommunications devices, personal digital
assistants (PDAs) and interactive television.
Conditions :
The term of the agreement is 10 years starting on April 1, 2002. This agreement was denounced
on September 21st, 2011 with effect as of April 1, 2012.
The amount of the royalties booked as turnover by your company as of March 31, 2012 totaled
€637,644 excluding tax.
4. Regulated agreement of guarantee granted
Nature and purpose :
On November 17th, 2009, your Board of Directors authorized your company to invoice financial
interests of 0.5 % per year to some subsidiaries companies as remuneration of the guarantees
granted by the company within the framework of commitments taken by those subsidiaries face to
face third parties (rents, banks, commercial partners…)
Conditions :
The term of the remuneration achieves to each guarantee due date. The financial revenue as of
March 31, 2012 totaled €177,939 excluding tax.
Agreements and commitments approved during the past the financial year
Furthermore, we have been informed of the execution during the past financial year of the following
agreements and commitments approved by the General Meeting held on June 30th, 2011 deliberating
on the statutory auditors’ special report dated June 6th, 2011.