Ubisoft 2003 Annual Report Download - page 52

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FINANCIAL REPORT
2004
52
2.1.5.3 Scope of consolidation
Companies included in the Ubisoft group consolidated accounts as of March 31, 2004
Net earnings as of March 31, 2004 -K¤9,023
Financial costs relating to pre-tax bond debentures K¤2,190
Amortization of pre-tax redemption premium K¤1,879
Amortization of pre-tax cost of issuing debt securities K¤380
Restated net income -K€4,574
Weighted average number of shares in circulation as of March 31, 2004 17,560,189
Potential conversions:
Share subscription warrants 1,532,847
Convertible bonds 784,293
Bonds exchangeable or convertible to new or existing shares (OCEANEs) 1,814,025
Stock options 1,207,577
Weighted average number of shares after exercise of rights relating to diluting instruments 22,898,931
Fully diluted earnings per share on March 31, 2004: -¤0.20
COMPANY Country Controlling Percentage Method Activity Founded or
percentage interest acquired
UBISOFT ENTERTAINMENT SA France Parent company Parent company FC 1986
UBISOFT Inc. USA 100% 100% FC Marketing 1991
UBISOFT PICTURES SARL France 100% 99% FC Graphics and
computer graphics 1995
UBISOFT Ltd. UK 100% 100% FC Marketing 1989
UBI SOFT ENTERTAINMENT GmbH Germany 100% 100% FC Marketing 1991
UBI SOFT SRL Romania 100% 99.35% FC Development
and marketing 1993
UBISOFT SA Spain 100% 99.98% FC Marketing 1994
UBISOFT KK Japan 100% 100% FC Marketing 1994
UBISOFT SpA Italy 100% 100% FC Marketing 1995
UBISOFT DESIGN SARL France 100% 99% FC Interactivity
and ergonomics 1995
UBISOFT BOOKS AND RECORDS SARL France 100% 99% FC Management
and administration 1995
UBISOFT COMPUTING SARL France 100% 99.80% FC Development 1996
UBISOFT SIMULATIONS SARL France 100% 99.80% FC Development 1996
UBISOFT PTY Ltd. Australia 100% 100% FC Marketing 1996
UBISOFT GRAPHICS SARL France 100% 99.80% FC Graphics
and modeling 1996
UBISOFT MARKETING
& COMMUNICATION SAS France 100% 99.94% FC Marketing 1997
UBISOFT NETWORKS SARL France 100% 99.99% FC Internet services 1998
UBISOFT WORLD SAS France 100% 99.88% FC Global marketing 1998
UBISOFT DIVERTISSEMENTS Inc. Canada 100% 100% FC Development 1997
SHANGHAI UBI COMPUTER China 100% 100% FC Marketing,
SOFTWARE Co. Ltd. Development
and the Internet 1996
UBISOFT SARL Morocco 100% 99.86% FC Development 1998