Ubisoft 2001 Annual Report Download - page 56

Download and view the complete annual report

Please find page 56 of the 2001 Ubisoft annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 124

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124

56
Share Earnings for Depreciation over
Unlisted companies Accounts dated capital the financial year the financial year
Ubi Rumania 03.31.02 436,046 197,427 (128,491) (write-backs)
S.A. Teamchman 10.31.01 2,388,125 (357,125) 1,928,690 (appropriations)
General information on the main non-consolidated companies (in Euros)
With effect from April 1, 2002, Ubi Soft Entertainment
has sold its minority holdings in Financière Yaccom, Ludopia
Interactive and Students-Life.com. These holdings were sold
to the Guillemot Brothers holding company on the basis of
their original purchase price, in exchange for shares in
Gameloft.com S.A.
V. INVENTORY AND WORK-IN-PROGRESS
Inventory and work-in-progress break down as follows:
Listed companies Gameloft S.A. Cyberseach
Book value on 03.31.02 4,946,836 65,520
Number of shares 5,225,323 24,000
Value of securities per share on 03.28.02 0.9285 2.04
Depreciation over the financial year 95,124 16,560
The slight increase in inventory on March 31, 2002 is linked to
greater control of rotation timescales and to the staggering of
product launches over the whole year.
Inventory is depreciated according to the age of the platform.
Old-generation console products are provisioned in the amount
of 50% for the Nintendo 64 and for Dreamcast.
The low level of provisions for inventory is due to the fall in prices
for old-generation consoles, which is not likely to make our
games obsolete, and to a reduction in the Nintendo 64 and
Dreamcast games in our inventory.
VI. ADVANCES AND INSTALLMENTS PAID
These are essentially guaranteed advances paid on licensing
contracts totaling K53,431.
These advances are taken to earnings in proportion to sales
made of the licensed products.
VII. TRADE RECEIVABLES
Trade and other receivables break down as follows:
On 03.31.02 On 03.31.01
Gross Provision Net Net
Goods 49,714 1,069 48,645 46,674
Total 49,714 1,069 48,645 46,674
On 03.31.02 On 03.31.01
Gross Provisions Net Net
Trade receivables 109,092 2,614 106,478 79,991
Total 109,092 2,614 106,478 79,991