Ubisoft 2003 Annual Report Download - page 78

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FINANCIAL REPORT
2004
78
2.2.5.4 Explanatory notes on the balance sheet
Note 1. Intangible assets
Intangible assets break down as follows:
Fixed assets
(In thousands of euros) As of 3/31/03 As of 3/31/04
Gross Increase Decrease Reclassifications Gross
Released software programs 181,300 141,515 (1’) 99,542 -4,430 218,843
External developments 16,326 12,059 (1’) 6,879 1,896 23,402
Software programs in progress* 70,468 74,158 (2) 70,468 (1) - 74,158
Software tools 9,718 1,736 (1’) - 26 11,480
Localization software 1,479 2,821 1,810 4,472 6,962
ERP 3,212 4,076 (3’) - - 7,288
Logo - 335 (3’) - - 335
Other licenses 1,103 106 20 234 1,423
Others intangible assets in progress 2,539 3,101 4,217 (3) - 1,423
Other 118 13 - - 131
TOTAL 286,263 239,920 182,936 2,198 345,445
Depreciation
(In thousands of euros) As of 3/31/03 As of 3/31/04
Cumulative Increase Decrease Reclassifications Cumulative
Released software programs 104,600 90,690 33,973 -1,948 159,369
External developments 6,024 12,360 441 116 18,059
Software tools 5,933 2,727 - - 8,660
Localization software 33 1,671 - 1,948 3,652
ERP 377 1,231 - - 1,608
Logo - 20 - - 20
Other licenses 568 200 2 128 894
TOTAL 117,535 108,899 34,416 244 192,262
Business assets
Nature As of 3/31/03 As of 3/31/04
Cumulative Increase Decrease Cumulative
Distribution in Switzerland 1,524 - - 1,524
TOTAL 1,524 - - 1,524
(1) Including K€70,568 for reclassification between accounts [(1’) released software programs, K€63,577; external developments, K€5,513; software tools, K€1,738].
(2) Reclassifications between accounts.
(3) Including K€4,215 for reclassifications between accounts [(3’) ERP, K€4,076; logo, K€139].
An additional provision of ¤46 million was entered over the course of the fiscal year, reflecting the shortfall in estimated sales
and projected operating income on certain games.