Ubisoft 2004 Annual Report Download - page 85

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83
UBISOFT > 2005 FINANCIAL REPORT
2
FINANCIAL REPORT FOR THE FISCAL YEAR ENDING MARCH 31, 2005
2.2.5.5 Explanatory notes on the balance sheet
Note 1 Intangible assets
Intangible assets break down as follows:
Fixed assets
As of 3.31.04 As of 3.31.05
Gross Increase Decrease Reclassifications Other Gross
of software reclassifications
programs
in progress
Released commercial softwares1237,285 105,226 9,802 -8,577 1,759 325,891
External commercial softwares 23,402 16,578 779 -2,978 46 36,269
Commercial softwares in progress 74,158 - - 11,555 - 85,713
ERP 7,288 - - - 1,637 8,925
Logo 335 - - - - 335
Production licenses 1,423 278 - - - 1,701
Other intangible assets in progress 1,423 836 - - -1,607 652
Other 131 - 116 - - 15
Total 345,445 122,918 10,697 - 1,835 459,501
1- Released software programs now include software tools and localization.
As of 3.31.04 As of 3.31.05
Cumulative Increase Decrease Reclassifications Cumulative
Released commercial softwares1171,681 100,912 9,803 - 262,790
External commercial softwares218,059 13,249 1,368 46 29,986
ERP 1,608 1,711 - - 3,319
Logo 20 33 --53
Production licenses 894 149 116 - 927
Total 192,262 116,054 11,287 46 297,075
Depreciation
1- An additional provision of €51.6 million was entered over the course of the fiscal year, reflecting the shortfall in estimated sales and projected operating income
on certain games.
2- Includes €8.4 million of additional amortization reflecting the shortfall in estimated sales and projected operating income on certain games.
Nature As of 3.31.04 As of 3.31.05
Cumulative Increase Decrease Cumulative
Distribution in Switzerland 1,524 - 1,524 -
Total 1,524 - 1,524 -
Business assets
The business assets were resold to the Swiss subsidiary, Ubi Games SA, on March 31, 2005, for their purchase price. The
selling price was reduced by rents billed by Ubisoft Entertainment SA since the purchase of the Guillemot business assets
in September 2001 (with the rents considered advance payments toward the acquisition price).