Ubisoft 2002 Annual Report Download - page 72

Download and view the complete annual report

Please find page 72 of the 2002 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 116

  • 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

2003
72
FINANCIAL
REPORT
III.Financial assets
Financial assets break down as follows:
Financial assets
The change in equity interests is primarily due to the partial transfer of distribution and production activities to Ubi Soft France
SAS and Ubi EMEA SARL, and to the transfer of shares in Sinister Games Inc, Ubi Soft Inc and Ubi.com Inc to its subsidiary, Ubi
Soft Holdings Inc.
Provisions
As of 03.31.02 As of 03.31.03
Gross Increase Decrease Gross
Equity holdings 113,008 123,067 26,797 209,278
Other long-term investments 4 - - 4
Loans 10,991 - 10,991 -
Deposits and guarantees 393 62 99 356
TOTAL 124,396 123,129 37,887 209,638
As of 03.31.02 As of 03.31.03
Cumulative Increase Decrease Cumulative
Equity holdings 3,932 7,332* 758 10,506
Loans 453 - 453 -
TOTAL 4,385 7,332 1,211 10,506
* primarily related to shares of Ubi Soft France SAS in the amount of €7.1 million.
IV. Inventory and work-in-progress
Inventory and work-in-progress break down as follows:
The decrease in inventory is related to the transfer of distribution and production activities to Ubi Soft France SAS and Ubi EMEA
SARL.The remaining inventory concerns the purchase of materials on behalf of subsidiaries.
V. Advances and installments paid
These are primarily guaranteed advances paid on licensing contracts totaling K44,576.
These advances are posted to earnings pro rata to sales of the licensed products.
At year end,the amount of advances and installments paid remaining to be amortized is compared with sales projections;in the
event that projected sales are insufficient,additional amortization will be undertaken.
VI.Trade receivables
Trade receivables break down as follows:
Trade receivables have remained stable; they primarily represent intra-Group receivables
As of 03.31.03 As of 03.31.02
Gross Provisions Net Net
Goods 118 - 118 15,112
TOTAL 118 - 118 15,112
As of 03.31.03 As of 03.31.02
Gross Provisions Net Net
Trade receivables 96,699 51 96,648 99,808
TOTAL 96,699 51 96,648 99,808