Ubisoft 2001 Annual Report Download - page 38

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38
2.6 General information and risks
2.6.1 Protection of trademarks
Ubi Soft Entertainment games are covered by intellectual
property rights both in Europe and internationally (for France:
Institut National de la Propriété Industrielle [French Patent
Office], Paris; for Europe: Office for Harmonization in the
Internal Market; internationally: the World Intellectual Property
Organization; and finally, for the North American market, the
Patent and Trademark Office in Washington D.C.).
In addition, games designed by Ubi Soft Entertainment S.A.
are covered by international copyright laws.
Ubi Soft Entertainment S.A. has not filed any patents and
does not depend on any particular patent.
Like all publishers of entertainment games, Ubi Soft
Entertainment S.A. has to face the problem of piracy. It is
a member of SELL (the French trade association of enter-
tainment software publishers), and takes legal action in any
known cases of software counterfeiting in France and
abroad [by taking independent action where applicable, or
by any other means available under criminal or civil law]. At
the same time, in the case of Internet piracy the company
systematically takes action against hackers to force them
to withdraw games that are online illegally.
According to this pro forma presentation, the major impacts on the accounts are as follows:
2001/2002 2000/2001
Operating income (excluding amortization of goodwill and business assets) 8.7 (19.1)
Net income (excluding amortization of goodwill and business assets) (1.2) (12.5)
Net income (after amortization of goodwill and business assets) (6.6) (13.9)
Net income per share (excluding amortization of goodwill and business assets) (0.07) (0.74)
Net income per share (after amortization of goodwill and business assets) (0.38) (0.82)
Unaudited pro forma presentation
In millions of
In per share
Impact of US GAAP pro forma presentation on operating income over the last five financial years:
2001/2002 2000/2001 1999/2000 1998/1999 1997/1998
Published operating income 31 7.9 13.7 13.4 8.1
- Capitalized R&D expenses (77) (60.7) (45.6) (33.7) (25.9)
+ Depreciation of intangible fixed assets 54.7 33.7 37.8 21.5 10.8
US GAAP pro forma operating income 8.7 (19.1) 5.9 1.2 (7.0)
Unaudited pro forma presentation
In millions of