Ubisoft 2004 Annual Report Download - page 62

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60
UBISOFT > 2005 FINANCIAL REPORT
Change in consolidation structure
New companies added to the consolidation structure as of
March 31, 2005
WOLFPACK STUDIOS INC.
lDate consolidated: April 1, 2004.
On February 25, 2004, Ubi.com Inc. acquired 100% of
the shares in Wolfpack Studios Inc. for US$188 thousand.
On September 3, 2004, Ubi.com Inc. sold the shares in
Wolfpack Studios Inc. to Red Storm Entertainment Inc.
for the same amount.
lImpact of Wolfpack Studios Inc.'s consolidation: goodwill
amortization between the date of acquisition and March
31, 2005: -€7 thousand.
BLUE BYTE GmbH
lDate consolidated: March 31, 2005
Company founded on March 24, 2005, wholly held by
Red Storm Entertainment Inc.
On March 31, 2005, the assets of the branch company
Blue Byte Software Inc. were transferred to Blue Byte
GmbH and its shares sold to Ubisoft Entertainment SA
for the amount of €413 thousand.
lImpact of Blue Byte GmbH's consolidation: goodwill
amortization between the date of acquisition and
March 31, 2005: -€3 thousand.
Mergers realized during the fiscal year
The mergers realized during the fiscal year had no impact
on the consolidated accounts (see § 2.1.6.1, Highlights of
the fiscal year).
Change in percentage of holdings in Gameloft SA
On April 16, 2004, the acquisition of 6,284,876 Gameloft SA
shares for the amount of €18,792 thousand generated
additional goodwill of €18,625 thousand.
On November 17, 2004, the percentage holdings were
diluted following a capital increase to which Ubisoft
Entertainment SA did not subscribe.
Ubisoft Entertainment SA now holds 27.34% of the voting
rights and 28.69% of the capital.
lImpact of the change in the percentage of holdings in
Gameloft SA:
-additional goodwill amortization between the acquisition
date and March 31, 2005: -€895 thousand;
-impact from the dilution as of March 31, 2005: reduction
in goodwill of €112 thousand and transfer of percentage
of share capital valued at €57 thousand.
Non-consolidated companies
Percentage of holdings in non-consolidated companies
Companies Share Net Controlling Percentage Equity Earnings
acquisition accounting percentage interest as of 3.31.05 as of 3.31.05
value value
€K €K €K €K
Ubisoft Music Publishing Inc. 27 20 100% 100% 21 -1
Ubi Soft Entertainment Ltda 665 395 100% 99% 380 8
Socoma Inc. 32 32 100% 100% 29 1
Total 724 447 430 8
The companies listed above were excluded from the scope of consolidation for the following reasons:
lthe balance sheet total and sales were below the thresholds defined by the group (Ubisoft Music Publishing Inc.);
lunder termination (Ubi SoftEntertainment Ltda, Socoma Inc.).