Ubisoft 2000 Annual Report Download - page 63

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62
Deferred tax credits recorded/not recorded:
(IN FF MILLION) DTC RECORDED DTC NOT RECORDED TOTAL
Ubi Soft Inc 19 0 19
Ubi Soft Entertainment SA 20 0 20
Ludimedia SA 3 7 10
Ubi Studios Ltd 5 25 30
Other 6 0 6
TOTAL 53 32 85
Total deferred tax credits not booked as of March 31, 2001:
>Ubi Studios Ltd : FF 25 million
As a precaution, and given the size of the deferred tax credits, it was decided to use 1/6 of the tax credits,
i.e. FF 100 million/6 x 30% = FF 5 million.
The business plan drawn up confirms that this was a wise move, because the potential credits amount
to FF 11.9 million over the next 3 financial years, and in particular because this tax credit can be carried
forward indefinitely.
>Ludimedia SA : FF 7 million.
>>> IX. PRO FORMA ACCOUNTS
INCOME STATEMENT FF ’000 FF ’000
PRO FORMA CONSOLIDATED
03/31/01 03/31/01
Sales 1,860,595 1,704,277
Other operating income 570,135 473,397
Purchases consumed (805,720) (757,817)
Wages and social security costs (532,103) (478,523)
Other operating expenses (770,804) (599,705)
Tax and duty (21,810) (20,868)
Depreciation and provisions (287,348) (268,725)
Earnings before interest and tax 12,945 52,036
Financial charges and income (22,892) (20,594)
Current earnings of consolidated companies (9,947) 31,442
Extraordinary charges and income (596) (426)
Corporate tax 6,649 1,977
Net profit of consolidated companies (3,894) 32,993
Share of earnings of equity affiliates 0 0
Amortization of goodwill (17,699) (9,048)
Total net income of consolidated company (21,593) 23,945
Minority interests 234 208
Net profit (Group share) (21,827) 23,737