Ubisoft 2005 Annual Report Download - page 68

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Change in scope of consolidation
Merger realized during the fiscal year
The merger realized during the fiscal year had no impact
on the consolidated accounts (cf. § 2.5.1 Highlights).
Change in percentage of holdings in Gameloft SA
- On November 28, 2005, Gameloft SA conducted a capital
increase to which Ubisoft Entertainment SA did not subs-
cribe. As a result, the percentage interest held by Ubisoft
Entertainment SA changed from 28.69% to 27.57%.
- Between June 29, 2005 and July 15, 2005, Ubisoft
Entertainment SA sold 5,155,000 Gameloft SA shares,
thereby reducing its percentage of holdings from
27.57% to 19.90%.
- New dilutions between October and December 2005 fur-
ther reduced its percentage of holdings from 19.90% to
19.42%.
The effects of the change in the consolidation structure
are explained in § 2.5.4 Notes to the balance sheet -
Note 4. Investments in associates and § 2.5.5 Notes to
the income statement - Note 27. Share in earnings of
associates.
Note 1 Goodwill
Goodwill breaks down as follows as of March 31, 2006:
Existing company Acquired company Date As of Increase Decrease Exchange As of
holdings were 03.31.05 rate 03.31.06
acquired Gross differences Gross
Ubisoft Inc. Ubisoft Inc. 02.02.96 178 - 178
Ubisoft Ltd Ubisoft Ltd 12.31.94 130 - 130
Blue Byte Software Ltd 02.06.01 886 -10 876
Ubisoft GmbH Ubisoft GmbH 08.01.95 87 - 87
Blue Byte Software GmbH
CO.KG 02.06.01 6,929 - 6,929
Distribution in Germany May 2000 5,789 - 5,789
Red Storm
Entertainment Inc. Sinister Games Inc. 03.31.00 3,824 272 4,096
Blue Byte Software Inc. 02.06.01 8,250 586 8,836
Red Storm Entertainment Inc. 09.28.00 19,065 1,355 20,420
Wolfpack Studios Inc. 02.25.04 116 8 124
Distribution in the US March 2001 11,262 800 12,062
Ubisoft Spa 3D Planet SPA 09.30.00 3,215 - 3,215
Ubisoft Canada Inc. Ubisoft Canada Inc. 10.02.00 184 22 206
Distribution in Canada Dec. 2000 1,523 178 1,701
Tiwak SAS Tiwak SAS 12.17.03 760 - 760
Ubisoft
Divertissements Inc. Microïds Canada Inc. 03.02.05 425 50 475
Blue Byte GmbH Blue Byte GmbH 03.31.05 3 - 3
Ubisoft France SAS Distribution in France Dec. 2000 10,103 - 10,103
Ubisoft BV Distribution in Belgium April 2001 1,322 - 1,322
Distribution in the Netherlands January 2001 972 - 972
Ubisoft Warenhandels
GmbH Distribution in Austria April 2000 442 - 442
Ubi Games SA Distribution in Switzerland Sept 2001 1,333 -27 1,306
Total 76,798 - - 3,234 80,032
As of March 31, 2006, the impairment tests did not lead to book any provisions.
Notes to the balance sheet
2.5.4