Ubisoft 2002 Annual Report Download - page 28

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2003
28
FINANCIAL
REPORT
1. General presentation 30
1.1 Introduction 30
1.2 Highlights of fiscal year 2002/03 30
1.3 Analysis of activity and comments on results for FY 2002/03 31
1.3.1 Quarterly and annual consolidated sales 31
1.3.2 Breakdown of sales by core activity:1.3.3 Change in Production Volumes 31
1.3.3 Evolution des volumes de production 32
1.3.4 Sales by Platform 32
1.3.5 Sales by Region 32
1.3.6 Sales and Earnings of Main Subsidiaries 33
1.3.7 Change in Income Statement 33
1.3.8 Change in Working Capital Requirement (WCR) and Indebtedness 34
1.3.9 Pro forma presentation in accordance with US GAAP 34
1.4 Employees 35
1.5 The Group's organizational chart 36
1.6 General Information and Risks 37
1.6.1 Trademark Protection 37
1.6.2 Investment Policy 37
1.6.3 Research and Development Policy 37
1.6.4 Litigation 37
1.6.5 Risks 38
1.6.6 Commitments 39
1.6.7 Insurance 39
1.7 Recent Developments 39
1.8 Outlook and Strategy for 2003 39
1.8.1 Sector Outlook and Competitive Environment 39
1.8.2 A Look Ahead at Fiscal Year 2003/04 40
2. Accounts on March 31, 2003 41
2.1 Consolidated accounts on March 31,2003 41
2.1.1 Consolidated balance sheet on 31 March 2003 41
2.1.2 Consolidated income statement on March 31, 2003 42
2.1.3 Consolidated cash flow statement on March 31, 2003 43
2.1.4 Explanatory Notes on the Consolidated Accounts 44
2.2 Corporate accounts on March 31, 2003 66
2.2.1 Balance sheet on March 31, 2003 66
2.2.2 Income statement on March 31, 2003 67
2.2.3 Cash flow statement on March 31,2003 68
2.2.4 Explanatory notes on the Corporate Accounts 69
3. Report by the Statutory Auditors 83
3.1 Report on the Consolidated Accounts for the Fiscal Year Ending March 31,2003 83
3.2 General Report on the Fiscal Year ending March 31, 2003 84
3.3 Special Report on Regulated Agreements relative to the Fiscal Year ending March 31,2003 85
3.4 Report on Executive Compensation 88
FINANCIAL REPORT