Ubisoft 2000 Annual Report Download - page 64

Download and view the complete annual report

Please find page 64 of the 2000 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 94

  • 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

UBI SOFT / REFERENCE DOCUMENT
63
ASSETS PRO FORMA CONSOLIDATED
Net values FF ‘000 FF ‘000
03/31/01 03/31/01
Goodwill 361,360 411,151
Intangible assets 1,239,122 1,136,201
Tangible fixed assets 81,768 81,768
Financial assets 74,876 74,876
Fixed assets 1,757,126 1,703,996
Inventory and work-in-progress 306,162 306,162
Advances and installments paid 246,809 246,809
Trade receivables 524,704 524,704
Other receivables, prepayments and deferred income 343,784 343,220
Investment securities 335,820 335,820
Cash 229,494 229,494
Current assets 1,986,773 1,986,209
Total Assets 3,743,899 3,690,205
LIABILITIES PRO FORMA CONSOLIDATED
FF ’000 FF ’000
03/31/01 03/31/01
Capital (1) 33,818 33,818
Premiums (1) 1,701,177 1,701,177
Consolidated reserves and earnings (2) 241,001 187,357
Other (3) 1,138 1,138
Share capital (Group share) 1,977,134 1,923,490
Minority interests 1,382 1,332
Provisions for risks and charges 1,241 1,241
Borrowings (4) 1,137,636 1,137,636
Current accounts of the partners 7,787 7,787
Advances and installments received 28,649 28,649
Trade creditors and other accounts payable 363,948 363,948
Other debts & deferred income 226,122 226,122
Total debts 1,764,142 1,764,142
Total Liabilities 3,743,899 3,690,205
(1) of the consolidating parent company
(2) net income for financial year (21,827) 23,737
(3) including investment grants 1,138 1,138
(4) payable at less than one year: 865,389 865,389
payable at more than one year: 272,247 272,247
These pro forma accounts were drawn up by incorporating the results of the subsidiaries acquired
this year during the period April 1, 2000 to March 31, 2001 and in accordance with the Group’s
consolidated accounting principles. We have also amortized the goodwill over 12 months.
The variation in the “goodwill” item is due to the existence of FF 40 million in ongoing projects in the
Red Storm pro forma accounts. Goodwill for this company was reduced by the same amount. The
Ff 40 million were recorded as intangible fixed assets.
The total amount of goodwill thus came to a gross figure of FF 391 million, of which FF 17.8 million
was amortized over the financial year. This reclassification affected games which were under
development as of March 31, 2001, which will be amortized for 2001/2002 over their maximum period
of 3 years.