Ubisoft 2006 Annual Report Download - page 98
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UBISOFT • FINANCIAL REPORT 2007
3. Breakdown of investments by geographic area
2.5.6.2 Business combinations
On August 3, 2006, the group acquired from Atari Inc. and Reflections Interactive Ltd the intellectual property and tech-
nology rights to Driver®, as well as most of the assets and all of the staff of the Reflections Interactive Ltd studio for an
acquisition price of US$ 24 million.
The net assets acquired and goodwill are detailed below:
The US$ 22 million in assets related to this acquisition correspond to:
- the Driver®brand €13,516 thousand (US$ 18 million)
- software €3,003 thousand (US$ 4 million)
- computer equipment and furniture €147 thousand
Total €16,666 thousand
2.5.6.3 Transactions with related parties
1. Compensation of managers at the company and at the controlling and/or controlled companies
The Guillemot brothers are compensated for their duties as CEO and Executive Vice Presidents. They are paid a fixed
amount and are not employed under work contracts.
The total gross compensation paid to managers during the fiscal year by the company, by controlled companies as defined
by Article L233-16 and by the company controlling the one at which they held office was €1.078 thousand including €546
thousand paid by Ubisoft Entertainment SA.
In –only partial – compensation for their work and the time spent in preparing for, and actively participating in, meetings
of the Board, the General Meeting of September 25, 2006 authorized the company to pay directors’ fees totalling €250
thousand per year maximum.
During the 2006 fiscal year the Members of the Board of Directors received €135 thousand in directors’ fees.
Investissements France Germany UK Rest of United States Rest of 03.31.07
Europe Canada world Total
Released commercial software 161,795 - - - 3,118 - 164,913
External commercial software 58,268 - - - 2,826 - 61,094
Office software 415 19 105 54 1,353 139 2,085
Others intangible assets
in progress 2,007 2 - - 2,009
Brands 7,500 - - - 14,032 - 21,532
Other intangible assets - - - 14 - - 14
Plant & machinery 681 5 393 6 590 10 1,685
Computer equipment and
furniture 1,703 70 255 516 4,171 1,146 7,861
Development kits 6,171 - - - - - 6,171
Transportation equipment - - - - 9 - 9
Leased computer hardware
and transportation equipment - - - 60 - 60
Fixed assets in progress - - - 146 - - 146
Total 238,540 94 753 798 26,099 1,295 267,579
03.31.07
Amount paid in cash 18,117 US$ 24 million
Direct costs related to the acquisition 368
Total acquisition cost 18,485
Fair value of the net assets acquired 16,666 US$ 22 million
Goodwill 1,819