Ubisoft 2005 Annual Report Download - page 81
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2
79
UBISOFT • 2006 ANNUAL REPORT
FINANCIER
Ubisoft group’s consolidated accounts as of March 31, 2006
Note 21 Other operating income
Other operating income breaks down as follows:
03.31.06 03.31.05
Capitalized commercial software production costs 130,475 99,976
Capitalized production costs on other software 488 698
Write-back of provisions 865 2,703
Liabilities - 1,115
Doubtful debts 600 888
Other current assets - 111
Intangible assets 265 589
Other income 1,137 1,970
Total 132,965 105,347
Note 22 Wages and social security costs
Wages and social security costs break down as follows:
The charges resulting from defined-contribution schemes came to €3,913 thousand.
The Canadian grants break down as follows:
- Multimedia credit for €24,690 thousand, representing 50% of the wages related to production activity.
- An R&D tax credit for €4,920 thousand, representing 50% of R&D costs.
- A grant of €1,401 thousand for a portion of training costs.
- Miscellaneous grants for €41 thousand.
The payment of some grants is conditional on the procurement of tax benefits.
Note 23 Other operating expenses
Other operating expenses break down as follows:
Other external expenses consist mainly of advertising expenses, royalties, and rental of fixed assets and movables.
03.31.06 03.31.05
Wages and social security costs 169,034 135,601
Grants -31,052 -17,835
Share-based payments 2,692 5,464
Total 140,674 123,230
03.31.06 03.31.05
Other external expenses 183,880 150,283
Other expenses 3,003 2,926
Total 186,883 153,209