Ubisoft 2007 Annual Report Download - page 84
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UBISOFT • FINANCIAL REPORT 2008
Note 22 Other operating income
Other operating income breaks down as follows:
Reversals of depreciation, amortization and provisions (€1,644 thousand as of March 31, 2007 and €3,226 thousand as of
March 31, 2008), which were previously recognized under “other operating income,” are now included net in “depreciation
and amortization” and “provisions.”
Note 23 Employee benefits expense
Employee benefits break down as follows:
The Group had total expenses of €6,460 thousand on its defined contribution plans.
A €74 thousand provision was recognized as of March 31, 2008 for the personal training right (DIF).
Grants from the Canadian government broke down as follows:
€27,175 thousand multimedia credit, representing 50% of production related wages, with this percentage being reduced
to 37.5% from June 30, 2007;
€2,738 thousand research and development tax credit, representing 50% of R&D costs;
€1,282 thousand for a portion of training costs,
€861 thousand in assorted other grants.
Certain grants are contingent upon the generation of taxable income.
Note 24 Other operating expenses
Other operating expenses break down as follows:
Other external charges consist mainly of advertising expenses, royalties and property and equipment lease payments.
Logistics costs (€13,196 thousand as of March 31, 2007 and €15,155 thousand as of March 31, 2008), which were previously
recognized under “other operating expenses,” are now included in “consumables used.”
03.31.08 03.31.07
Capitalized commercial software production costs 186,703 161,196
Capitalized production costs on other software 3,354 1,488
Other income 1,152 2,139
Total 191,209 164,823
03.31.08 03.31.07
Salaries and payroll taxes 228,466 199,102
Personal training right 74 56
Grants (32,056) (31,464)
Share-based payments 8,526 3,344
Total 205,010 171,038
03.31.08 03.31.07
Other external charges 216,713 157,640
Other expenses 1,469 3,439
Total 218,182 161,079
Notes to the income statement
Note 21 Revenue
The Group generated €928 million in revenue in the 2007-2008 fiscal year, 36% up on the €680 million reported in the 2006-
2007 fiscal year. At constant exchange rates, revenue growth was 43%.
The breakdown of revenue is as follows:
2.5.6
03.31.08 03.31.07
Sales of goods 907,628 654,962
Licenses 15,658 16,340
Services 5,019 9,046
Total 928,307 680,348