6. LEGAL RESERVE
Under Luxembourg corporate law, the Company must appropriate annually at least 5% of its statutory
net profits to a legal reserve until the aggregate reserve equals 10% of the subscribed share capital.
Such reserve is not available for distribution.
The movements in the Legal reserve are shown below:
Year ended Year ended
In EURO 31 Dec 31 Dec
Balance at start of year 322,279 322,279
Transfer from profit and loss account 670,642
Balance at end of year 992,921 322,279
7. AMOUNTS OWED TO AFFILIATED UNDERTAKINGS
Amounts owed to affiliated undertakings becoming due and payable within one year corresponds to
costs incurred by the Company relating to staff and external charges in 2008 which have been paid by
various subsidiaries of the Group and the loan granted by Gaming VC Corporation B.V. with maturity
on December 31, 2009 and bearing interest at a rate per annum expend to EURIBOR + 0.5%.
8. OTHER CREDITORS
This amount mainly corresponds to costs incurred by the Company relating to staff, external charges
and withholding tax payable in relation with the interim dividends paid.
There were no employees during the year.
10. COMMITMENTS AND CONTINGENCIES
On December 2, 2004, the Group established a share option programme that entitles key
management personnel and senior employees to purchase shares in the Group. On December 21,
2004, a grant was made to two non-executive directors and on September 28, 2005, a grant was
made to other eligible individuals under the programme. On 23 January 2006, and 16 May 2006,
grants were made to eligible individuals under the programme. During 2007 and 2008 additional
grants were made to eligible individuals under the programme.
In accordance with these programmes, options are exercisable at a set price, normally the market
price, of the shares at the date of grant. Options vest and become exercisable as to one quarter on
the first anniversary of the date of grant with the balance vesting and becoming exercisable in
36 equal monthly installments over the subsequent three years.
As of December 31, 2008, 2,723,359 (3,009,883 as of December 31, 2007) share options were
outstanding and no share option had been exercised under this programme.