Ubisoft 2005 Annual Report Download - page 69

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2
67
UBISOFT • 2006 ANNUAL REPORT
FINANCIER
Ubisoft group’s consolidated accounts as of March 31, 2006
Note 2 Other intangible assets
Software breaks down as follows as of March 31, 2006:
Note 3 Tangible assets
Tangible fixed assets break down as follows:
As of March 31, 2006, the impairment tests led to the booking of additional depreciation of €77.8 million.
There is no other intangible asset used as a guarantee for debt.
Software production of €130,475 thousand thus consists of an increase in released commercial software for €130,657 thousand minus external commercial software
for €24 thousand and exchange rate differences for €158 thousand.
Reclassifications between accounts are attributable to the transfer of intangible fixed assets in progress.
(1) This entry primarily includes brands obtained from the acquisition of TLC for €9 million and Far Cry®for €1.5 million. As of March 31, 2006, the impairment
tests on the brands held by group companies did not lead to the booking of any provisions.
(*) Acquisition of the Far Cry®trademark for €9 million: €1.5 million for the fiscal year and €7.5 million remaining to be paid during the next year. Acquisition of
the license permitting the use of CryEngine technology for €3 million for this fiscal year.
(1) Includes €69.3 million of additional depreciation reflecting the shortfall in estimated sales and projected operating income on certain games.
(2) Includes €8.5 million of additional depreciation reflecting the shortfall in estimated sales and projected operating income on certain games.
Fixed assets As of Increases Decreases Reclassifications Other Exchange As of
03.31.05 Software programs reclassi- rate 03.31.06
Gross in progress fications differences Gross
Released commercial
software 160,275 130,657 27,815 - 10,853 -235 5 252,034
External
commercial software 63,194 52,802(*) 5,711 - 7,174 -1,490 641 102,262
Commercial software
software in progress 85,713 - - 18,027 - - 103,740
Office software 10,798 2,517 1,379 - 531 291 12,758
Leased office
software 355 - - - - - 355
Other intangible
assets in progress 653 598 - - -483 - 768
Brands(1) 9,202 1,500(*) - - - 605 11,307
Other 395 8 - - - - 403
Total 330,585 188,082 34,905 - -1,677 1,542 483,627
Depreciation As of 03.31.05 Net Decreases Other Exchange As of 03.31.06
Cumulative increases reclas- rate Cumulative
sifications differences
Released commercial software 99,641 118,087(1) 27,815 -235 2 189,680
External commercial software 32,649 28,013(2) 5,711 -1,490 6 53,467
Office software 3,237 4,188 1,378 - 109 6,156
Leased office software 135 135 - - - 270
Other 47 48 - - - 95
Total 135,709 150,471 34,904 -1,725 117 249,668
Fixed assets As of 03.31.05 Increases Decreases Reclas- Exchange As of 03.31.06
Gross sifications rate Gross
differences
Plant & machinery 5,675 2,758 131 2 277 8,581
Computer equipment and furniture 14,307 9,243 2,023 -159 1,284 22,652
Development kits 1,244 1,509 - 11 - 2,764
Transportation equipment 188 103 43 - -1 247
Leased computer hardware and
transportation equipment 892 66 64 144 74 1,112
Fixed assets in progress 40 105 - -45 1 101
Total 22,346 13,784 2,261 -47 1,635 35,457