Ubisoft 2002 Annual Report Download - page 63

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Deferred depreciation during a loss-making period (ARD) and recognized and non-recognized losses:
Amount of deferred tax assets not posted as of March 31,2003:
Ludimedia SA :K921
Ubi Music Inc : K81
2003
63
FINANCIAL
REPORT
Accounts on March 31, 2003
Reconciliation of taxation rates
In KDeferred depreciation recognized Deferred depreciation not recognized TOTAL
Ubi Soft Entertainment SA 9,648 - 9,648
Ludimedia SA 381 921 1,302
Ubi.com SA 1,348 - 1,348
Ubi.com Inc. 1,505 - 1,505
Gamebusters GesmbH 208 - 208
Blue Byte Inc 1,382 - 1,382
Red Storm 177 - 177
Ubi Soft France SA 2,425 - 2,425
Others 180 81 261
Total 17,254 1,002 18,256
03.31.03
Pre-tax earnings, excluding goodwill 17,664
Theoretical tax (34.33%) 6,065
Reinstatement:
Ubi Soft Entertainment:1,544*34.33% 530
Cancellation activation of prior losses:
Studios Ltd: 2,139*30% 642
Depreciation of business assets:
Ubi Soft Gmbh: 340 * 40% (136)
Ubi Soft Sprl: 77 * 40.17% (31)
Ubi Soft BV: 57 * 35% (20)
Gamebusters GesmbH:27 * 34% (9)
Ubi Soft Canada Inc: 101 * 38.16% (39)
Red Storm:1,288 * 34% (438)
Impact of tax rate difference for subsidiaries:
Ubi Soft Inc: 18,508 * (39.83% - 34.33%) 1,018
Ubi.com Inc: (1,264) * (39.83% - 34.33%) (70)
Red Storm:1,740 * (38.95% - 34.33%) 80
Ubi Soft Ltd: 3,917 * (30%-34.33%) (170)
Other subsidiaries: (124)
Total 7,298