Ubisoft 2014 Annual Report Download - page 105
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Financial statements
2014
100
1.2 CONSOLIDATED INCOME STATEMENT
In thousands of euros
Notes
03/31/14
%
03/31/13
%
Sales
18
1,007,064
100%
1,256,164
100%
Cost of sales
(285,251)
(342,655)
Gross profit
721,813
72%
913,509
73%
R&D expenses
19
(433,900)
(435,011)
Marketing expenses
19
(279,957)
(304,941)
Administrative and IT expenses
19
(83,269)
(81,360)
Operating income from continuing
operations
(75,313)
(7)%
92,197
7%
Current operating income before stock-based-
compensation
(65,607)
100,295
stock-based-compensation
(9,706)
(8,098)
Operating income from continuing
operations
(75,313)
92,197
Other non-current operating income and
expenses
21
(22,627)
(4,293)
Operating income
(97,940)
(10)%
87,904
7%
Interest on borrowings
(6,154)
(5,032)
Income from cash
369
403
Net borrowing cost
(5,785)
(4,629)
Result from foreign-exchange operations
(1,143)
709
Other financial expenses
(114)
(219)
Other financial income
17,376
8,138
Net financial income
22
10,334
1%
3,999
0.3%
Share in profit of associates
-
12
Total income tax
23
22,081
2%
(27,083)
(2)%
Income for the period *
(65,525)
(6)%
64,831
5%
Earnings per share – continuing operations
24
Basic earnings per share (in euros)
(0.64)
0.68
Diluted earnings per share (in euros)
(0.61)
0.67
* The income for the period is entirely attributable to equity holders
1.3 STATEMENT OF COMPREHENSIVE INCOME
In thousands of euros
03/31/2014
03/31/2013
Net income for the period
(65,525)
64,831
Items reclassified subsequently under profit or loss
(35,746)
262
Translation adjustment on foreign operations
(30,985)
7,913
Fair value adjustment of financial assets
(3,460)
(6,029)
Effective part of the change in fair value of cash flow hedges
(1,528)
(731)
Tax on other comprehensive income reclassified subsequently under profit or loss
227
(890)
Items not reclassified subsequently under profit or loss
216
(489)
Actuarial gains and losses on post-employment obligations
(17)
(913)
Tax on other comprehensive income
10
360
Other income not subject to tax
223
65
Total other comprehensive income
(35,530)
(226)
Income for the period *
(101,055)
64,606
* The profit (loss) for the period is entirely attributable to equity holders