Ubisoft 2003 Annual Report Download - page 37

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FINANCIAL REPORT
2004 37
1.4
Human resources and environmental data
1.4.1 Employees
As of March 31, 2004, Ubisoft had 2,352 employees, an
increase of 18.2%, largely resulting from the expansion of
the Canadian studio and the acquisition of two new studios,
Tiwak and Wolfpack.
The workforce is 75% male and 25% female, with an average
age of 30.3.
1.4.2 Turnover
Turnover is primarily attributable to the completion of
specific projects.
1.4.3 Contracts
The majority of group employees have permanent work contracts.
In order to meet certain needs imposed by the nature of its
business, Ubisoft also resorts to fixed-term or temporary
work contracts.
1.4.4 Entrepreneurial spirit
Ubisoft recruits both experienced experts in game creation
and junior staff who have benefited from the very best training.
The junior staffers learn and make progress alongside senior
personnel. Every employee plays an active role in the company’s
development, at his or her own level. Shared corporate
values encourage employees to maintain a sense of curiosity,
an open mind, a commitment to the free exchange of views,
a sense of initiative, and a warm, friendly working environment.
Special emphasis is placed on enhancing and pooling knowledge,
a goal facilitated by the group's multicultural diversity. Ubisoft
offers a wealth of opportunities for mobility and career
development thanks to its international presence and wide
range of in-house operations. The company is committed to
fostering individual initiative and enables all its employees to
pursue professional projects in a stimulating environment.
1.4.5 Working hours
In France, the working week for full-time employees is 35 hours.
Work schedules vary depending on each division’s requirements
and employees’ preference for a five-day working week or for
accumulating time off.
01
General overview
1.3.11 Financial table for the last five fiscal years
(Corporate accounts of Ubisoft
Entertainment)
(pursuant to Article 135 of the Decree of March 23, 1967)
Fiscal year 99/00 00/01 01/02 02/03 03/04
Corporate capital (¤) 5,054,712 5,155,558 5,384,307 5,437,425 5,450,514
Ordinary shares outstanding 16,578,368 16,909,122 17,368,732 17,540,082 17,582,304
Preferred shares outstanding - - - - -
Maximum number of shares that may be created 2,698,235 2,870,262 5,646,664 4,310,780 6,385,287
Through bond conversion 1,215,750 964,120 3,905,470 2,704,771 2,598,318
Through exercise of stock options 630,940 992,477 827,594 1,552,743 1,207,577
Through exercise of subscription warrants 851,545 913,665 913,600 53,266 2,579,392
Sales (in thousands of ¤) 126,250 161,470 226,134 128,696 165,872
Earnings before taxes, profit sharing,
depreciation and amortization (in thousands of ¤) 35,812 26,651 33,101 108,604 91,796
Corporate tax (in thousands of ¤) - - - -48 96
Employee profit-sharing - - - - -
Earnings after taxes, profit-sharing,
depreciation and amortization (in thousands of ¤) 3,102 -8,409 -24,390 5,900 1,305
Distributed earnings - - - - -
Net earnings per share after taxes
and before depreciation and amortization (¤) 2.16 1.58 1.91 6.19 5.22
Net earnings per share after taxes,
depreciation and amortization (¤) 0.19 -0.50 -1.40 0.34 0.07
Dividend per share - - - - -
Average work force 5 5 5 5 5
Payroll (in thousands of ¤) 240 66 275 495 525
Social security contributions and benefits
(in thousands of ¤) 86 21 119 174 186