Ubisoft 2004 Annual Report Download - page 50

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48
UBISOFT > 2005 FINANCIAL REPORT
ASSETS Notes Gross Depreciation Net Net Net
K€ K€ K€ K€ K€
3.31.05 3.31.05 3.31.05 3.31.04 3.31.03
Goodwill 1 143,086 25,690 117,396 105,515 97,670
Intangible assets 2 471,379 298,547 172,832 164,552 186,357
Tangible assets13 37,361 21,559 15,802 12,866 14,099
Financial assets 4 2,254 277 1,977 2,020 10,022
Equity in subsidiaries 5 2,026 - 2,026 325 -
Fixed assets 656,106 346,073 310,033 285,278 308,148
Inventory and work-in-progress 6 24,272 2,423 21,849 35,128 38,148
Advances and installments paid 7 24,693 - 24,693 31,776 48,303
Trade receivables 8 142,350 1,374 140,976 96,214 153,304
Other receivables, and adjustment accounts29 102,191 - 102,191 88,434 105,457
Investment securities 10 60,970 111 60,859 43,132 24,211
Cash 11 141,131 - 141,131 76,915 97,905
Current assets 495,607 3,908 491,699 371,599 467,328
Total assets 1,151,713 349,981 801,732 656,877 775,476
LIABILITIES Notes K€ K€ K€
3.31.05 3.31.04 3.31.03
Capital 5,594 5,450 5,437
Premiums 276,006 269,588 268,954
Consolidated reserves 17,517 27,602 25,490
Consolidated earnings 20,022 -9,023 4,854
Investment subsidy - 33 93
Equity (group share) 12 319,139 293,650 304,828
Minority interests ---
Provisions for risk and charges 13 777 1,932 702
Borrowings*14 285,965 243,592 299,394
Advances and installments received 655 251 237
Trade creditors and related accounts payable 100,543 63,251 81,032
Sundry creditors and accrued expenses 15 94,653 54,201 89,283
Total debts 481,816 361,295 469,946
Total liabilities 801,732 656,877 775,476
*Payable at less than one year 138,351 70,920 105,673
Payable at more than one year 147,614 172,672 193,721
1- Including net tangible assets financed through leasing: €272 thousand.
2- Including advances to affiliated companies not fully or proportionately consolidated on March 31, 2005: €34 thousand.
Consolidated accounts as of March 31, 2005
Consolidated balance sheet
2.1.1
2.1