Ubisoft 2004 Annual Report Download - page 28

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table of contents
GROUP'S ACTIVITIES AND PERFORMANCE 27
DURING FISCAL YEAR 2004/2005
Introduction 28
1.1 Highlights of fiscal year 2004/2005 28
1.2 Analysis of activity and comments on results 29
for fiscal year 2004/2005
1.3 Human resources and environmental data 33
1.4 Investments 37
1.5 General information 39
1.6 Risk factors 39
1.7 Commitments 44
1.8 Insurance 44
1.9 Recent events, outlook and strategy 44
FINANCIAL REPORT FOR THE FISCAL YEAR 47
ENDING MARCH 31, 2005
2.1 Consolidated accounts as of March 31, 2005 48
2.1.1 Consolidated balance sheet 48
2.1.2 Consolidated income statement 49
2.1.3 Reconciliation of movement in equity 49
2.1.4 Consolidated cash flow statement 50
2.1.5 Transition to IAS/IFRS standards 52
2.1.6 Explanatory notes on the consolidated accounts 55
2.1.7 Segment information 75
2.1.8 Compensation of corporate officers 76
2.1.9 Off-balance-sheet commitments 76
2.1.10 Events after closure of accounts 77
2.1.11 Employees 77
2.2 Corporate accounts of Ubisoft Entertainment SA
as of March 31, 2005 78
2.2.1 Ubisoft Entertainment SA balance sheet 78
2.2.2 Ubisoft Entertainment SA income statement 79
2.2.3 Reconciliation of movement in equity 80
2.2.4 Cash flow statement 80
2.2.5 Explanatory notes on the corporate accounts 81
2.2.6 Other information 95
DECLARATION BY THE STATUTORY AUDITORS 97
3.1 Report on the consolidated account statements 98
for the fiscal year ending March 31, 2005
3.2 General report on the fiscal year ending March 31, 2005 99
3.3 Special report on regulated agreements 100
for the fiscal year ending March 31, 2005
GENERAL INFORMATION 103
4.1 General information on the company 104
4.2 General information on the capital 106
4.3 Changes in capital and voting rights over the past
three fiscal years 114
4.4 Distribution of capital and voting rights as of July 5, 2005 115
4.5 Securities market 117
4.6 Dividends 117
CORPORATE GOVERNANCE 119
5.1 The group's management 120
5.2 Composition and functions of the Board of Directors 120
5.3 Other offices held by the directors 121
5.4 Interests of the officers 124
INTERNAL CONTROL REPORT 125
6.1 Conditions under which the Board's work
is prepared and organized 126
6.2 Internal control procedures 127
6.3 Limitations on the powers of the Chief Executive Officer 131
6.4 Statutory auditors' report 131
PERSONS RESPONSIBLE FOR THE REFERENCE 133
DOCUMENT AND FOR THE AUDIT OF THE ACCOUNTS
7.1 Declaration of the person responsible for the Reference document 134
7.2 Declaration of the statutory auditors regarding
the financial position and the past and present accounts
provided in this Reference document 134
7.3 Names, addresses and professional fees of the statutory auditors 135
7.4 Information policy 136
7.5 Schedule of financial communications for fiscal year 2005/2006 136
GLOSSARY 137
CONCORDANCE TABLE 138