Ubisoft 2006 Annual Report Download - page 111
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Listed company Gameloft SA
Book value at 03/31/07 (€) 27,343,883
Number of shares held by
Ubisoft Entertainment SA 13,367,923
Value of one share at 03/31/07 (€) 5.03
Balance sheet date December 31
Write-back over fiscal year -
Depreciation over fiscal year -
CORPORATE ACCOUNTS OF UBISOFT ENTERTAINMENT SA AS OF MARCH 31, 2007
99
3
The increase in securities is primarily due to the share
capital increase of Ubi Games SA (Switzerland) in the
amount of €1,537 thousand.
It is also linked to the capitalization of professional fees concer-
ning the acquisition of Sunflowers Interactive Entertainment
Software GmbH in the amount of €153 thousand.
The decrease is related to the liquidation of the
Ubi Computer Software Beijing Co. Ltd subsidiary in China.
The change in other long-term investments reflects
the purchases and sales of directly held stocks under the
liquidity contract (cf. section 3.5.2).
General information on the listed company Gameloft SA:
The increase in provisions of equity holdings is primarily
due to the decrease of the value in use of the securities of
Ubisoft EMEA SAS, based on the present value of the cash
flows realised on out of group sales and on net cash posi-
tion at the end of fiscal year.
Note 3. Financial assets
Financial assets break down as follows:
Fixed assets Gross As of Increases Decreases Gross As of
03/31/2006 03/31/2007
Equity holdings 238,529 1,739 170 240,098
Other long-term investments 680 26,151 26,033 798
Deposits and guarantees 349 75 92 332
Total 239,558 27,965 26,295 241,228
Provisions As of 03/31/2006 As of 03/31/2007
Cumulative Increases Decreases Cumulative
Equity holdings 378 20,504 88 20,794
Own shares -13 -13
Total 378 20,517 88 20,807
Note 4. Advances and installments paid
These are primarily guaranteed advances paid on licensing contracts.
(1) The reclassification pertains to outstanding amounts of 409100 at 03/31/2006.
The trade receivables item consists mainly of intra-group receivables.
Note 5. Trade receivables
The “trade receivables” item breaks down as follows:
As of 03/31/2006 New Reclassification Depreciation As of 03/31/2007
Net guarantees Net
Licenses 9,039 26,065 15,476(1) 20,682 29,898
Total 9,039 26,065 15,476 20,682 29,898
As of 03/31/2007 As of 03/31/2006
Gross Provision Net Net
Trade receivables 63,538 - 63,538 55,794
Total 63,538 - 63,538 55,794