Ubisoft 2003 Annual Report Download - page 79

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FINANCIAL REPORT
2004 79
02
Financial Report for FY ending 3/31/04
Note 2. Tangible assets
Tangible fixed assets break down as follows:
Fixed assets
As of 3/31/03 As of 3/31/04
Gross Increase Decrease Gross
Fittings and fixtures 3,361 356 (1) 16 3,701
Transportation equipment - 11 - 11
Computer equipment and furniture 5,021 95 2,077 3,039
Tangible fixed assets in progress 162 56 191 27
TOTAL 8,544 518 2,284 6,778
Depreciation
As of 3/31/03 As of 3/31/04
Cumulative Increase Decrease Reclassifications Cumulative
Fittings 866 371 16 - 1,221
Transportation equipment - 1 - - 1
Computer equipment and furniture 3,278 550 893 -128 2,807
TOTAL 4,144 922 909 -128 4,029
(1) Including €242,000 for reclassification between accounts.
Note 3. Financial assets
Financial assets break down as follows:
Gross Gross
As of 3/31/03 Increase Decrease As of 3/31/04
Equity holdings 209,278 19,235 702 227,811
Other long-term investments 4 - 4 -
Bonds - 200 - 200
Deposits and guarantees 355 10 2 363
TOTAL 209,637 19,445 708 228,374
Financial assets
The change in equity holdings is primarily due to the following:
●Capital increases, as follows:
●The acquisition of 3.4 million shares in Gameloft SA, totaling K¤5,780, as well as the acquisition of Tiwak SAS for K¤1,409.
• SA Teamchman, K¤300
• Ubi Soft Entertainment GmbH, K¤500
• Ubi.com SA, K¤3,060
• Ubisoft SpA, K¤1,327
• Ubisoft Holdings Inc., K¤4,787
• Ubi Computer Software Ltd., K¤780
• Ubisoft Music Publishing Inc., K¤27
• Ubisoft SA (Spain), K¤361
• Ubisoft Sarl (Morocco), K¤247
• Ubisoft PTY Ltd., K¤658