Ubisoft 2012 Annual Report Download - page 127
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Financial Statements
2012
122
1.6.9 OTHER NOTES
1.6.9.1 SEGMENT REPORTING
In accordance with IFRS 8, the Group produces segment reports.
The Group provides segment reports based on geographic sectors for distribution. The breakdown by geographic region is given for three segments,
according to the distribution of the Group’s assets:
EMEA distribution zone (corresponding to APAC zone)
North America distribution zone
Parent company and rest of world (sales mainly relating to license contracts)
The Group’s operating activities are organized and managed separately, according to the type of market.
03/31/12
03/31/11
Parent
company
and rest of
world
EMEA
distribution
zone
North America
distribution
zone
GROUP
Parent
company and
rest of world
EMEA
distribution
zone
North
America
distribution
zone
GROUP
Sales
31,469
495,524
534,303
1,061,296
12,397
480,982
545,447
1,038,826
Cost of sales
(1,850)
(187,004)
(154,308)
(343,162)
(562)
(200,735)
(163,910)
(365,207)
Gross margin
29,619
308,520
379,995
718,134
11,835
280,247
381,537
673,619
R&D costs
(348,859)
476
(24)
(348,407)
(361,296)
(933)
(1,276)
(363,505)
Marketing costs
(19,078)
(109,912)
(109,402)
(238,392)
(8,744)
(110,170)
(93,954)
(212,868)
Administrative and IT costs
(35,622)
(23,723)
(15,958)
(75,303)
(27,853)
(21,978)
(18,050)
(67,881)
Intersegment*
407,588
(166,492)
(241,096)
-
382,615
(127,784)
(254,831)
-
Current operating income before share-based payments
33,648
8,869
13,515
56,032
(3,443)
19,382
13,426
29,365
Share-based payments**
(10,410)
-
-
(10,410)
(11,121)
-
-
(11,121)
Operating profit (loss) from continuing operations
23,238
8,869
13,515
45,622
(14,564)
19,382
13,426
18,244
* Invoicing of products purchased on behalf of subsidiaries and re-invoiced at their purchase price. The parent company and Ubisoft EMEA SAS invoice subsidiaries for a contribution in the form of
royalties that serve to bear development costs (amortization of games, commercial and external development, royalties, etc.) and headquarters costs.
** Expenses linked to share-based payments are recognized by the parent company but relate to employees in all geographic regions
Other items in the income statement, particularly other operating income and expenses, financial income and expenses and taxes are not monitored segment
by segment and are considered to relate to the Group as a whole and in a general way.