Ubisoft 2012 Annual Report Download - page 153

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Financial Statements
2012
148
Note 16. Other liabilities
03/31/12
03/31/11
Trade receivables – credit notes to be issued (1)
14,114
4,598
Unrealized gains on Calyon receivable relative to Gameloft equity
swap
8,210
16,191
Other liabilities (2)
21,297
5,547
TOTAL
43,621
26,336
(1) Credit notes to be issued relate to associated companies
(2) Other liabilities relate mainly to additional sums to be paid on acquisitions of the following companies:
- €4.2 million for Nadeo;
- €16.6 million for Owlient.
Note 17. Prepaid expenses and deferred charges
Opening
balance
Increase
Decrease
Closing
balance
Deferred income
-
240
-
240
Conversion rate adjustment (liability)
333
88
333
88
TOTAL at 03/31/12
333
328
333
328
TOTAL at 03/31/11
41
333
41
333
3.5.6 NOTES TO THE INCOME STATEMENT
Note 18. Production for the period
Production for the period comprises:
- Sales, essentially made up of intra-group invoicing of royalties;
- Capitalized production reflecting development costs outsourced to subsidiaries and external
developers.
03/31/12
03/31/11
Sales
427,134
387,580
Capitalized production costs for commercial software
324,140
311,150
Capitalized production costs for external developments
31,273
30,439
Production for the period
782,547
729,169
The breakdown of sales by geographic region was as follows:
03/31/12
03/31/11
€ thousand
Percentage
€ thousand
Percentage
Europe
176,482
41%
114,455
34%
North America
244,882
58%
256,959
66%
Rest of the world
5,770
1%
16,166
-
Sales
427,134
100%
387,580
100%