Ubisoft 2000 Annual Report Download - page 71

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70
Trade receivables
These are valued at their face value. Where applicable, receivables
may be depreciated by way of a provision when their inventory value
is less than their book value.
Conversion of accounts payable and receivable expressed in
foreign currencies
These were converted at the rates applicable on March 31, 2001. Any
resulting unrealized exchange gains or losses are shown in the
Balance Sheet under a specific heading. A provision for exchange
risk is made in the accounts if conversion reveals the existence of
underlying losses.
Provisions for risks and charges
Provisions for risks and charges are made when risks and charges
which relate to a clearly determined object, but which are not certain
to arise, are made more likely by events which have occurred or are
in progress.
As of March 31, 2001, provisions for risks and charges covered the
exchange risks relating to discounting of claims and debts denomi-
nated in foreign currencies.
6.2.4.3. Explanatory notes on the Balance Sheet
>>> 1. INTANGIBLE ASSETS
Intangible assets break down as follows:
Tangible fixed assets
ON 03/31/00 INCREASE DECREASE ON 03/31/01
(IN ‘000 FF) GROSS GROSS
Released software 386,140 487,736*161,887 711,989
External developments - 59,790** 28,005 31,785
Software programs in progress 224,756 204,853 - 429,609
Software tools 113,559 27,038 14,961 125,636
Other licenses 5,820 319 1,926 4,213
Other - 100 - 100
TOTAL 730,275 779,836 206,779 1,303,332
*including FF 112 million for reclassification of accounts to the accounts
** including FF 7.3 million for reclassification of accounts to the accounts
Depreciation
ON 03/31/00 INCREASE DECREASE ON 03/31/01
(IN ‘000 FF) CUMULATIVE CUMULATIVE
Released software 216,453 183,038 4,627 394,864
External developments - 13,521 - 13,521
Software tools 56,757 31,085 12,004 75,838
Other licenses 5,311 88 1,926 3,473
TOTAL 278,521 227,732 18,557 487,696
>>> 2. BUSINESS ASSETS
NATURE ON 03/31/01
DISTRIBUTION IN FRANCE 74,400
TLC 168,578
TOTAL 242,978