Ubisoft 2002 Annual Report Download - page 68

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2003
68
FINANCIAL
REPORT
2.2.3 Cash flow statement on March 31, 2003
03.31.03 03.31.02
KK
Cash flow from operating activities
Net profit 5,900 (24,390)
Depreciation of tangible and intangible fixed assets 106,076 57,516
Changes in provisions (3,373) 5,002
Grants (332) (49)
Cash flow from the disposal of fixed assets (14,281) 10
Total cash flow from operating activities 93,990 38,089
Increase in operating fund requirements (209) 7,714
Increase in non-operational requirements (9,624) 4,258
Total cash flow (9,833) 11,972
Cash flow from investments
Acquisition of intangible assets (89,991) (90,994)
Acquisition of tangible assets (2,503) (2,388)
Acquisition of equity holdings (122,663) (55,215)
Acquisition of other financial fixed assets (61) (11,160)
Charges to be spread over several years - (4,388)
Disposal of fixed assets 42,530 39,331
Proceeds from long-term loans and other financial assets 11,090 10
Cash flow from partial transfer of assets (820) -
Business assets contributed 11,342 -
Cash flow from dissolutions 1,438 -
Cancellation of equity securities after merger - 100,000
Total cash flow from investments (149,638) (24,804)
Cash flow from financial transactions
New long-and medium-term loans - 164,300
Repayment of bonds (57,034) (52,149)
Repayment of long-and medium-term loans (152) -
Increase in capital 53 141
Increase in issue premium 406 2,087
Increase in conversion premium - 3,771
Increase in issue premium on shares with warrants 2 2
Increase in issue premium on group savings plan 930 1,242
Increase in current accounts 4,231 (46,307)
Conditional government loan (38) -
Grants received 120 182
Total cash flow from financial transactions (51,482) 73,269
Net change in cash flow (116,963) 98,526
Net cash position at beginning of fiscal year 18,269 (80,257)
Net cash position at close of fiscal year (98,694) 18,269