Ubisoft 2003 Annual Report Download - page 87

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FINANCIAL REPORT
2004 87
02
Financial Report for FY ending 3/31/04
3/31/04 3/31/03 3/31/03
Pro forma Former presentation
Depreciation of intangible fixed assets 108,898 * 70,229 68,746
Depreciation of tangible fixed assets 923 1,588 1,588
Provision for charges to be spread over several fiscal years 675 728 728
Appropriations to provisions 114 51 51
TOTAL 110,610 72,596 71,113
3/31/04 3/31/03
Write-back of depreciation and provisions 679 532
Transfer of expenditures 12,838 15,487
Other operating income 728 555
TOTAL 14,245 16,574
Note 20. Other operating income and costs transferred
Transfer of expenditures primarily relates to the rebilling of group companies for overhead costs, travel, exhibition expenses
and so on.
3/31/04 3/31/03
Stored purchases and other procurement -1 11,382
TOTAL -1 11,382
Note 21. Stored purchases and other procurement
As of March 31, 2003, stored purchases and other procurement included intra-group services, which were recorded as other
purchases and external expenses as of March 31, 2004.
Note 22. Other purchases and external expenses
Other external expenses consisted mainly of advertising expenses, royalties, and rental of fixed assets and movables. As of
March 31, 2004, external charges included intra-group services totaling ¤8.6 million. On March 31, 2003, these services were
posted as purchases and other procurement totaling ¤7.8 million.
Note 23. Depreciation and provisions
Depreciation and provisions break down as follows:
Additional amortization relating to abandoned projects is now posted to operating income rather than extraordinary income.
*An additional provision of €46 million was entered over the course of the fiscal year, reflecting the shortfall in estimated sales and projected operating income on certain games.