Ubisoft 2002 Annual Report Download - page 80

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2003
80
FINANCIAL
REPORT
VII.Corporate tax
With effect from April 1, 2002,Ubi Soft Entertainment SA is the parent company of a fiscal group including five companies:
In light of the tax losses of Ubi Soft France,the corporate tax charge of Ubi EMEA (K78) was totally absorbed.
As of March 31, 2003, there remained K28,887 of deferred depreciation, which was created entirely during FY 2001/02.
03.31.03 03.31.02
Pre-tax operating profit (loss) less financial profit (loss) (842) (28,422)
Extraordinary income (expense) 6,694 4,032
Pre-tax profit (loss) 5,852 (24,390)
Tax ba si s 3,456 (23,527)
On March 31,2002,extraordinary income essentially consisted
of the profit on the merger with Ubi Ventures (1.2 million)
and profits on share buy-back (2.8 million).
On March 31,2003,extraordinary income/expense was prima-
rily the result of:
a charge of 5.4 million due to the abandonment of certain
projects, including 1.5 million on intangible assets and
3.9 million on licenses.
a provision of 22.9 million on 1,169,733 directly held shares
as of March 31, 2003.
Gains of 20.7 million related to the buy-back of 1,200,699
convertible bonds (2.5% OCEANEs),realized during the fiscal
year.
14.5 million euros of profit on the contribution of shares
in Sinister Games Inc, Ubi Soft Inc and Ubi.com Inc.
03.31.03 03.31.02
Extraordinary income:
Extraordinary income from management transactions 20,714 4,242
Extraordinary income from capital transactions 42,890 39,380
63,604 43,622
Extraordinary expense:
Extraordinary expense from management transactions 4,208 4
Extraordinary expense from capital transactions 28,267 39,341
Depreciation and provisions 24,434 245
56,909 39,590
Total extraordinary income/expense 6,695 4,032
VI.Extraordinary income/expense
Extraordinary income/expense is the result of operations not related to the normal activities of the company (art. 14 of decree
of 11/29/1983).It breaks down as follows: