Ubisoft 2003 Annual Report Download - page 81

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FINANCIAL REPORT
2004 81
02
Financial Report for FY ending 3/31/04
3/31/04 3/31/03
Credits receivable from suppliers 2,619 1,683
Income not yet billed 3,513 3,378
Interest receivable 62 342
TOTAL 6,194 5,403
Note 6. Trade and other receivables
Trade receivables break down as follows:
As of 3/31/04 As of 3/31/03 As of 3/31/03
Gross Provision Net Pro forma Net
Trade receivables 58,468 3 58,465 94,382 96,648
TOTAL 58,468 3 58,465 94,382 96,648
The trade receivables entry primarily consists of intra-group receivables.
The variation in trade receivables is primarily the result of the reclassification of credits to be issued, which in the past were
posted to other debts.
Note 7. Statement of claims and debts
STATEMENT OF CLAIMS Gross amount < 1 year > 1 year
Claims on fixed assets
Other financial assets 363 - 363
Claims on current assets
Doubtful debts 33
Trade receivables 58,465 58,465
Government (VAT credit, other) 3,269 3,269
Group and partners 8,775 8,775
Advances and installments 20,491 20,491
Other debtors --
Prepaid expenses 1,223 1,223
TOTAL 92,589 92,226 363
STATEMENT OF DEBTS Gross amount < 1 year > 1 year
Convertible bond debentures 173,490 1,452 172,038
Borrowings from credit institutions 57,990 57,990
Miscellaneous borrowings and financial debt 3,905 3,905
Trade creditors and related accounts payable 10,221 10,221
Tax and social security liabilities 3,070 3,070
Other debts 2,120 2,120
Debts on fixed assets 17,411 17,411
TOTAL 268,207 96,169 172,038
Bank loans taken out during the year 54,974
Buy-back of OCEANE convertible bonds during the year 10,540
Bank loans repaid during the year 1
Amount of current account debts contracted -
Note 8. Income receivable