Ubisoft 2000 Annual Report Download - page 47

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46
6.1.3. Consolidated funds flow statement on March 31, 2001
03/31/01 03/31/00
FF ‘000 FF ‘000
Flows arising from operating activities
Net income 23,737 71,803
Depreciation of tangible and intangible fixed assets 255,840 258,440
Net amortization of goodwill write backs 9,048 247
Changes in provisions (1,363) 3,186
Change in deferred taxation (33,006) (5,055)
Grants 0 (98)
Flows arising from the disposal of fixed assets 844 (22,120)
Total cash flow arising from operating activities 255,100 306,403
Increase in operating fund requirements (95,199) (476,951)
Decrease in non-operational requirements 29,631 24,360
Total flows (65,568) (452,591)
Flows arising from investments
Acquisitions of intangible assets (885,378) (369,997)
Acquisitions of tangible assets (44,775) (53,855)
Acquisition of equity holding (33,181) (37,838)
Acquisition of other financial fixed assets (2,033) (3,990)
Charges to be spread over several years 0 (827)
Disposal of fixed assets 5,471 32,742
Proceeds from long-term loans and other financial assets 4,090 1,336
Change in consolidation structure (1) (424,746)
Total flows arising from investments (1,380,552) (432,429)
Flows arising from financial transactions
New long-and medium-term loans 257,713 35,637
Repayments of loans (130,034) (338,965)
Increase in capital 662 10,698
Increase in issue premium 3,044 3,016
Increase in conversion premium 44,871 193,515
Increase in share issue premium 0 1,056,267
Increase in issue premium on shares with warrants 46 336,416
Grants received 815 0
Increase in shareholders’ current accounts 0 29,200
Reimbursement of shareholders’ current accounts (47,200) 0
Other flows 2,819 1,541
Total flows arising from financial transactions 132,736 1,327,325
Impact of translation differential (624) (1,979)
Net cash flow (1,058,908) 746,729
Net cash position at the beginning of the financial year 943,219 196,490
Net cash position at the end of the financial year (115,689) 943,219
(1) including cash position of acquired companies 35,182