Ubisoft 2001 Annual Report Download - page 70

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70
3.2.3 Consolidated funds flow statement on March 31, 2002
in K
03.31.02 03.31.01
Flows arising from operating activities
Net profit (24,390) (8,409)
Depreciation of tangible fixed assets 57,516 32,533
Changes in provisions 5,002 2,488
Grants (49) /
Flows arising from the disposal of fixed assets 10 39
Total cash flow arising from operating activities 38,089 26,651
Increase in operating fund requirements 7,714 (35,715)
Decrease in non-operational requirements 4,258 5,921
Total flow 11,972 29,794
Flows arising from investments
Acquisitions of intangible assets (90,994) (123,581)
Acquisitions tangible assets (2,388) (1,861)
Acquisition of equity holding (55,215) (53,439)
Acquisition of other financial fixed assets (11,160) (60)
Charges to be spread over several years (4,388) (543)
Disposal of fixed assets 39,331 7
Proceeds from long-term loans and other financial assets 10 431
Cancel of equity investment after merger 100,000 /
Total flows arising from investments (24,804) (179,046)
Flows arising from financial transactions
New long-and medium-term loans 164,300 17,575
Repayment of loans 52,149) /
Increase capital 141 101
Increase in issue premium 2,087 464
Increase in conversion premium 3,771 6,841
Increase in issue premium on shares with warrants 2 7
Increase in issue premium on group savings scheme 1,242 /
Repayment of current account (46,307) 41,187
Grants received 182 124
Total flows arising from financial transactions 73,269 66,299
Net cash flow 98,526 (115,890)
Net cash position at the beginning of the financial year (80,257) 35,633
Net cash position at the end of the financial year 18,269 (80,257)