Blizzard 2005 Annual Report Download - page 71

Download and view the complete annual report

Please find page 71 of the 2005 Blizzard 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 92

  • 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

6. INVENTORIES
Our฀inventories฀consist฀of฀the฀following฀(amounts฀in฀thousands):
March 31, 2005 2004
Purchased฀parts฀and฀components $ 2,092 $ 392
Finished฀goods 45,926 26,035
$ 48,018 $ 26,427
7. PROPERTY AND EQUIPMENT, NET
Property฀and฀equipment,฀net฀was฀comprised฀of฀the฀following฀(amounts฀in฀thousands):
March 31, 2005 2004
Land $ 592 $ 557
Buildings 4,684 4,379
Computer฀equipment 39,696 34,076
Office฀furniture฀and฀other฀equipment 14,560 13,687
Leasehold฀improvements 9,391 5,540
Total฀cost฀of฀property฀and฀equipment 68,923 58,239
Less฀accumulated฀depreciation (38,433) (32,700)
Property฀and฀equipment,฀net $ 30,490 $ 25,539
Depreciation฀expense฀for฀the฀years฀ended฀March฀31,฀2005,฀2004฀and฀2003฀was฀$10.6฀million,฀$10.0฀million฀and฀$8.1฀million,฀respectively.
page 70
Activision, Inc. — 2005 Annual Report
Notes to Consolidated Financial Statements