Ubisoft 2005 Annual Report Download - page 70

Download and view the complete annual report

Please find page 70 of the 2005 Ubisoft annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 163

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163

Depreciation As of 03.31.05 Increases Decreases Reclas Exchange As of 03.31.06
Cumulative sifications rate Cumulative
differences
Plant & machinery 884 1,223 94 - 41 2,054
Computer equipment and furniture 4,553 5,857 1,857 -56 399 8,896
Development kits 437 835 - 1 - 1,273
Transportation equipment 50 51 17 - - 84
Leased computer hardware
and transportation equipment 469 355 60 55 55 874
Total 6,393 8,321 2,028 - 495 13,181
There is no tangible asset used as a guarantee for debt.
As of March 31, 2006, the impairment tests did not lead to the booking of any provisions.
Increases
During the fiscal year, Gameloft SA conducted a capital increase to which Ubisoft Entertainment SA did not subscribe.
The impact of the capital increase on the equity in subsidiaries was €3,138 thousand. The impact of the dilution was
-€225 thousand on goodwill and €337 thousand on the share of equity.
Gameloft SA’s contribution to Ubisoft Entertainment SA’s earnings was €314 thousand as of March 31, 2006.
Decrease
From June 29, 2005 to July 15, 2005, Ubisoft Entertainment SA sold 5,155,000 Gameloft SA shares. The impact of the sale
was -€1,577 thousand on the share of equity capital and -€5,294 thousand on goodwill.
Note 5 Non-current financial assets
Terms of non-current financial assets as of March 31, 2006:
Short-term: €742 thousand
Long-term: €2,136 thousand
The change in other receivables corresponds to the purchase and sale of securities in the context of the liquidity contract.
The reduction in provisions corresponds to the change in value of Ubi Soft Entertainment Ltda (Brazil). This change in value
is the result of movements in equity.
There is no financial asset used as a guarantee for debt.
Note 4 Investments in associates
Fixed assets
As of 03.31.05 Increases Decreases Exchange rate As of 03.31.06
Gross
differences
Gross
Goodwill 31,238 -225 5,294 25,719
Share in equity 2,026 3,866 1,577 4,315
Total equity in subsidiaries 33,264 3,641 6,871 - 30,034
Fixed assets
As of 03.31.05 Increases Decreases Exchange rate As of 03.31.06
Gross
differences
Gross
Available for sale financial assets 727 153 35 4 849
Deposits and guarantees 1,527 844 405 62 2,028
Other receivables - 3,383 3,382 - 1
Total 2,254 4,380 3,822 66 2,878
Provisions
As of 03.31.05 Increases Decreases As of 03.31.06
Cumulative Cumulative
Available for sale financial assets 277 - 101 176
Total 277 - 101 176