Ubisoft 2000 Annual Report Download - page 55

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54
>>> IV. FINANCIAL ASSETS
TANGIBLE ON 03/31/00 INCREASE DECREASE CHANGE IN ON 03/31/01
FIXED ASSETS CONSOLIDATION
(IN ‘000 FRENCH FRANCS) STRUCTURE
Non-consolidated companies 40,576 33,181 3,020 100 70,837
(gross values)
Other fixed investments 25 - - - 25
Deposits and guarantees 5,821 2,082 2,139 2,365 8,129
TOTAL 46,422 35,263 5,159 2,465 78,991
PROVISIONS ON 03/31/00 INCREASE DECREASE ON 03/31/01
(IN ‘000 FRENCH FRANCS) CUMULATIVE CUMULATIVE
Equity investments - 4,115 - 4,115
TOTAL - 4,115 - 4,115
Percentage holdings in non-consolidated companies:
COMPANY VALUE OF SHARES PERCENTAGE OF
(IN ‘000 FRENCH FRANCS) ACQUISITION HOLDINGS
Ubi Soft SRL 5,243 99.35%
Ubi Digital Movies Inc 4 100%
Ubi Soft Canada Inc 5 100%
Ludigames SA 12,050 20%
GameLoft.com SA 20,000 15.12%
Yaccom 4,235 12%
Ludopia Interactive SA 7,216 19.8%
Chman 20,001 20%
Cybersearch 976 ns
GameLoft.com Ltda 7 1%
Students-life.com 1,000 13.61%
UMP SARL 100 84.83%
TOTAL 70,837
Companies on which the Group does not exert any significant influence are not included int the
consolidation structure. The companies concerned are Ludigames SA, Gameloft.com SA,
Yaccom, Ludopia, Chman, Cybersearch, Gameloft.com Ltada and Students-Life.com.
Other companies were excluded from the consolidation srtucture for the following reasons:
their timescales for drawing up accounts were incompatible with the deadlines for submitting
the consolidated accounts to the Statuory Auditors (Ubi Soft SRL, Ubi Soft Canada Inc), or they
were in the process of being wound up (Ubi Digital Movies Inc, UMP SARL).
>>> V. INVENTORY AND WORK-IN-PROGRESS
Inventory and work-in-progress break down as follows:
ON 03/31/01 ON 03/31/00
GROSS PROVISION NET NET
Goods 312,723 6,561 306,162 88,219
TOTAL 312,723 6,561 306,162 88,219
The increase in inventory as of March 31, 2001 is closely linked to the acquisition of companies
during the year (Red Storm, Blue Byte, TLC), to the growth in business and to the releasing of
products early in 2001/2002.