Ubisoft 2003 Annual Report Download - page 46

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FINANCIAL REPORT
2004
46
ASSETS (in thousands/¤) Notes Gross Depreciation Net Net Net
3/31/04 3/31/04 3/31/04 3/31/03 3/31/02
Goodwill/brands 1 135,394 18,513 116,881 108,200 111,970
Intangible assets 2 354,625 201,439 153,186 175,827 163,303
Tangible assets* 3 36,184 23,318 12,866 14,099 13,353
Financial assets 4 5,913 3,893 2,020 10,022 20,496
Equity in subsidiaries 5 325 - 325
FIXED ASSETS 532,441 247,163 285,278 308,148 309,122
Inventory and work-in-progress 6 39,003 3,875 35,128 38,148 48,645
Advances and installments paid 7 31,776 - 31,776 48,303 55,097
Trade receivables 8 97,776 1,562 96,214 153,304 106,478
Other receivables, accruals and deferrals** 9 88,545 111 88,434 105,457 70,176
Investment securities 10 43,359 227 43,132 24,211 40,365
Cash 11 77,076 161 76,915 97,905 30,548
CURRENT ASSETS 377,535 5,936 371,599 467,328 351,309
TOTAL ASSETS 909,976 253,099 656,877 775,476 660,431
2.1
Consolidated accounts as of March 31, 2004
2.1.1 Consolidated balance sheet
2. Financial report
March 31, 2004
for the fiscal year ending
LIABILITIES (in thousands/¤) Notes
3/31/04 3/31/03 3/31/02
Capital 5,450 5,437 5,384
Premiums 269,588 268,954 266,406
Consolidated reserves 27,602 25,490 29,006
Consolidated earnings -9,023 4,854 7,953
Investment subsidy 33 93 306
Share capital (group share) 12 293,650 304,828 309,055
Minority interests 00 0
Provisions for risk and charges 13 1,932 702 481
Financial debts (1) 14 243,592 299,394 228,897
Current accounts of the partners 0 0 1,187
Advances and installments received 251 237 3,637
Trade creditors and related accounts payable 63,251 81,032 62,295
Sundry creditors and accrued expenses 15 54,201 89,283 54,879
TOTAL DEBTS 361,295 469,946 350,895
TOTAL LIABILITIES 656,877 775,476 660,431
(1) Payable at less than one year: 70,920 105,673 38,015
Payable at more than one year: 172,672 193,721 190,882
* Including net tangible assets financed through leasing: €649,000
** Including advances to affiliated companies not fully or proportionately consolidated on March 31, 2004: €34,000