Ubisoft 2003 Annual Report Download - page 57

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FINANCIAL REPORT
2004 57
02
Financial Report for FY ending 3/31/04
Note 2 Intangible assets
Software breaks down as follows, as of March 31, 2004:
Depreciation 3/31/03 Change in Exchange 3/31/04
Cumulative Increase Decrease Reclassifications consolidation rate Cumulative
structure differences
Released software
programs 105,305 93,981 (1) 36,762 -1,948 - -281 160,295
External developments 8,224 16,558 3,849 116 - -257 20,792
Software tools 5,933 2,727 - - - - 8,660
Localization software 33 1,671 - 1,948 - - 3,652
Office software 5,451 3,186 1,231 164 - -67 7,503
Leased office software - 292 - 63 - - 355
Logo - 20 - - - - 20
Other 252 16 98 - -1 -7 162
TOTAL 125,198 118,451 41,940 343 -1 -612 201,439
(1) Including K€70,468 for reclassification between accounts [(1’) released software programs, K€63,577; external developments, K€5,513; software tools, K€1,738].
(2) Reclassifications between accounts.
(3) Including K€4,215 for reclassifications between accounts [(3’) office software, K€4,076; logo, K€139]. This gives a net increase in reclassifications between accounts of K€94,164.
*Software that has been released or is in production also includes ¤1.9 million in external developments.
Thus, capitalized production costs of K€79,775 consist of an increase in software that has been released or is in production, software tools, and localization software, totaling K€221,225
minus K€139,473 in reclassifications, K€1,889 in external development and K€88 in exchange rate differences.
Reclassifications between accounts are attributable to the transfer of intangible fixed assets in progress from Account 232 to the 208 accounts.
(1) Including €49.6 million of additional amortization reflecting the shortfall in estimated sales and projected operating income on certain games.
Fixed assets 3/31/03 Change in Exchange 3/31/04
Gross Increase Decrease Reclassifications consolidation rate Gross
structure differences
Released software
programs* 182,602 142,509 (1’) 102,330 -4,635 100 -547 217,699
External developments 23,108 12,292 (1’) 10,628 2,101 - -591 26,282
Software programs
in progress* 70,526 74,158 (2) 70,468 (1) -58 - - 74,158
Software tools 9,718 1,737 (1’) - 25 300 - 11,780
Localization software 1,479 2,821 1,810 4,472 - - 6,962
Office software 10,836 5,424 (3’) 1,246 240 1 -168 15,087
Leased office software - 604 - 63 - - 667
Other intangible
assets in progress 2,539 3,061 4,216 (3) 39 - - 1,423
Logo - 335 (3’) - - - - 335
Other 217 64 99 58 - -8 232
TOTAL 301,025 243,005 190,797 2,305 401 -1,314 354,625