Ubisoft 2004 Annual Report Download - page 65

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63
UBISOFT > 2005 FINANCIAL REPORT
2
FINANCIAL REPORT FOR THE FISCAL YEAR ENDING MARCH 31, 2005
Note 2 Intangible assets
Software breaks down as follows, as of March 31, 2005:
Fixed assets As of Increase Decrease Reclassifications Other Change Exchange As of
3.31.04 of software reclassifications in scope rate 3.31.05
Gross programs differences Gross
in progress
Released commercial 236,441 103,081 14,552 -8,577 1,861 79 -142 318,191
softwares1
External commercial 26,282 16,578 3,431 -2,978 -107 - -75 36,269
softwares
Commercial softwares 74,158 - - 11,555 - - - 85,713
in progress
Office software 15,087 1,598 321 - 1,636 - -40 17,960
Leased office software 667 - - - - - - 667
Other intangible 1,423 836 - - -1,606 - - 653
assets in progress
Brands211,366 80 1 - - 5 - 11,450
Logo 335 - - - - - - 335
Other 232 12 103 - - - - 141
Total 365,991 122,185 18,408 - 1,784 84 -257 471,379
Depreciation As of 3.31.04 Net Decrease Other Change Exchange rate As of 3.31.05
Cumulative increase reclassifications in scope differences Cumulative
Released 172,607 99,642214,551 - - -141 257,557
commercial softwares1
External commercial 20,792 12,68133,431 20 - -75 29,987
softwares
Officesoftware 7,503 3,240 321 -2 - -20 10,400
Leased office software 355 120 - - - - 475
Logo 20 33 - - - - 53
Other 162 14 101 - - - 75
Total 201,439 115,730 18,404 18 - -236 298,547
1- Released commercial software programs now include software tools and localization. Thus, capitalized production costs of €99,976 thousand consist of an increase
in software that has been released, totaling €103,081 thousand minus €151 thousand in external development, €2,970 thousand in Microsoft assets acquired and
-€16 thousand in exchange rate differences.
Reclassifications between accounts are attributable to the transfer of intangible fixed assets in progress from Account 232 to the 208 accounts.
2- This entry primarily includes brands obtained from the acquisition of TLC for €10 million. These brands are not amortized.
As of March 31, 2005, no loss of value was reported on trademarks held by group companies.
1- Released software programs now include software tools and localization.
2- Includes €51.6 million of additional amortization, reflecting the shortfall in estimated sales and projected operating income on certain games.
3- Includes €8.4 million of additional amortization, reflecting the shortfall in estimated sales and projected operating income on certain games.