Ubisoft 2003 Annual Report Download - page 75

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FINANCIAL REPORT
2004 75
2.2.3 Table of changes in share capital
02
Financial Report for FY ending 3/31/04
in K¤ Balance Appropriation Capital increase Earnings, Balance Proposed Balance as of
as of 3/31/03 of earnings, in cash and by 2003-04 as of 3/31/04 appropriation 3/31/04 after
2002-03 bond conversion of FY 2003-04 appropriation of
earnings FY 2003-04 earnings
Capital 5,437 13 5,450 5,450
Issue premium 267,743 634 268,377 268,377
Legal reserves 505 505 505
Regulated reserves 238 238 238
Other reserves 11,665 11,665 11,665
Loss account reserve
brought forward -32,798 5,900 -26,898 1,305 -25,593
Income for fiscal year 5,900 -5,900 1,305 1,305 -1,305 -
Investment grants 94 -61 33 33
TOTAL 258,784 0 586 1,305 260,675 0 260,675
2.2.4 Cash flow statement
3/31/04 3/31/03
K¤ K¤
Flows arising from operating activities
Net income 1,305 5,900
Depreciation of tangible and intangible fixed assets 111,909 105,348
Depreciation of deferred charges 675 728
Changes in provisions -22,094 -3,373
Grants -61 -332
Flows arising from the disposal of fixed assets 457 -14,281
Total cash flow arising from operating activities 92,191 93,990
Inventory 95 15,787
Trade receivables 35,966 8,971
Advances 19,474 3,513
Sundry assets 25,766 9,519
Trade payables -7,192 -42,661
Sundry liabilities -3,330 -4,962
Total cash flow 70,779 -9,833
Cash flow from investments
Acquisitions of intangible assets -91,059 -89,991
Acquisitions of tangible assets -276 -2,503
Acquisition of equity holdings -19,235 -122,663
Acquisition of other financial fixed assets -210 -61
Charges to be spread over several years -1,099 -
Disposal of fixed assets 3,894 42,530
Proceeds from long-term loans and other financial assets 6 11,090
Cash flow from partial transfer of assets - -820
Business assets contributed - 11,342
Cash flow from dissolutions - 1,438
Total cash flow from investments -107,979 -149,638
Cash flow from financial transactions
New long-and medium-term loans 54,974 -
Repayment of loan debentures -9,500 -57,034
Repayment of long-and medium-term loans - -152
Increase in capital 13 53
Increase in issue premium 633 406
Increase in issue premium on shares with warrants - 2
Increase in issue premium on group savings plan - 930
Variation in current accounts -3,587 4,231
Conditional government loan - -38
Grants received - 120
Total cash flow from financial transactions 42,533 -51,482
Net change in cash flow 97,524 -116,963
Net cash position at the beginning of the financial year -98,694 18,269
Net cash position at the end of the financial year -1,170 -98,694