Ubisoft 2012 Annual Report Download - page 33
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Management Report
2012
28
1.5 SUBSIDIARIES AND EQUITY INVESTMENTS
1.5.1 INVESTMENTS DURING THE FINANCIAL YEAR
Creation of new companies:
– December 2011: Creation of the subsidiary Ubisoft Motion Pictures Rabbids SAS in France.
Creation of the subsidiary Ubisoft Emirates FZ LLC in the United Arab
Emirates, in partnership with Twofour54, the Abu Dhabi Regional Media
Authority.
– March 2012: Creation of the subsidiary Ubisoft Music Publishing Inc. in Canada.
Creation of the subsidiaries Ubisoft Motion Pictures Assassin’s Creed SAS
and Ubisoft Motion Pictures Splinter Cell SAS in France.
Acquisitions:
- July 2011: Acquisition of Owlient SAS.
On July 12, 2011, Ubisoft acquired the company Owlient SAS, a maker of free-to-play games
and expert in the management of community games.
- November 2011: Acquisition of RedLynx Oy.
On October 31, 2011, Ubisoft acquired the Finnish studio, RedLynx Oy, creator of online
games.
Legal reorganization:
- French companies: During the financial year 2011/2012, mergers and partial transfers of
assets were made, which meant that 30 French companies were removed from the
consolidation scope.
- March 2012: Merger of the companies Ubisoft Holding Inc. and Ubisoft Inc.
- March 2012: Merger of the companies Sunflowers Interactive Entertairnment GmbH and
Ubisoft GmbH.
- March 2012: Merger of the companies Ubisoft Digital Arts Inc., Ubisoft Vancouver Inc. and
Ubisoft Divertissements Inc.
1.5.2 BUSINESS ACTIVITIES OF THE SUBSIDIARIES
Production subsidiaries:
These are responsible for the design and development of the software.
The Group has continued its strategy of reorganization in line with industry developments and is
developing its expertise toward the area of online gaming.
Sales and marketing subsidiaries:
The sales and marketing subsidiaries are responsible for distributing Ubisoft products throughout the
world.
Relations between the parent Company and subsidiaries:
The relationship between the parent Company and the subsidiaries involves:
- Production subsidiaries billing the parent Company for development costs based on the
progress of their projects. These costs are capitalized at the parent Company and
amortized from the commercial launch date.
- The parent company invoicing distribution subsidiaries for a contribution to development
costs.
The parent Company also centralizes a certain number of costs that it then allocates to its subsidiaries,
in particular:
- The purchase of computer equipment
- General and administrative expenses