Ubisoft 2000 Annual Report Download - page 72

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UBI SOFT / REFERENCE DOCUMENT
71
>>> 3. TANGIBLE FIXED ASSETS
Tangible fixed assets break down as follows:
Tangible fixed assets
ON 03/31/00 ON 03/31/01
(IN ‘000 FF) GROSS INCREASE DECREASE GROSS
Fittings 7,470 3,646 - 11,116
Transport equipment 50 1 - 51
Computer equipment and furniture 17,184 8,559 852 24,891
TOTAL 24,704 12,206 852 36,058
Depreciation
ON 03/31/00 ON 03/31/01
(IN ‘000 FF) CUMULATIVE INCREASE DECREASE CUMULATIVE
Fittings 3,221 913 - 4,134
Transport equipment 50 1 - 51
Computer equipment and furniture 8,462 8,372 852 15,982
TOTAL 11,733 9,286 852 20,167
>>> 4. FINANCIAL ASSETS
Financial assets break down as follows:
Tangible fixed assets
GROSS INCREASE DECREASE GROSS
(IN ‘000 FF) ON 03/31/00 ON 03/31/01
Equity holdings 733,338 350,539 2,251 1,081,626
Other fixed investments 25 - - 25
Deposits and guarantees 2,022 366 849 1,539
TOTAL 735,385 350,905 3,100 1,083,190
The increase in equity holdings is mainly due to the acquisition of Red Storm for FF 177,997,000, Sinister Games for
FF 36,430,000, 3D Planet for FF 16,901,000 and Blue Byte for FF 87,200,000.
Provisions
ON 03/31/00 INCREASE DECREASE ON 03/31/01
(IN ‘000 FF) CUMULATIVE CUMULATIVE
Equity holdings 4,286 13,349 1,382 16,253
TOTAL 4,286 13,349 1,382 16,253
Provisions essentially relate to Ubi Soft Inc shares for FF 7,602,000, Ubi Soft SRL (Romania) for FF 3,369,000 and
GameBusters for FF 1,714,000.
>>> 5. INVENTORY AND WORK-IN-PROGRESS
Inventory and work-in-progress break down as follows:
ON 03/31/01 ON 03/31/00
(IN ‘000 FF) GROSS PROVISIONS NET NET
Goods 124,838 3,712 121,126 66,109
TOTAL 124,838 3,712 121,126 66,109
The increase in inventory is linked to the growth in business and the releasing of products during the last month of the financial
year.