Ubisoft 2008 Annual Report Download - page 199

Download and view the complete annual report

Please find page 199 of the 2008 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 264

  • 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
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264

197
UBISOFT ANNUAL REPORT 2009
fI n a n c I a l s t a t e m e n t s 02
The change in other non-current investments reects purchases and sales of own shares held under the liquidity agreement.
The decrease in the provision for impairment of equity investments is primarily attributable to the increase in the value in use of
the shares in Ubisoft EMEA SAS, calculated on the basis of the discounted value of cash ows based on projected operating income
from non-Group activities, and the net cash position on the balance sheet date.
Note 4. Advances and prepayments made
These consist primarily of guaranteed advances on licence agreements.
03.31.09 03.31.08
Net at opening 24,326 29,898
New guarantees 49,270 25,451
Depreciation and amortization 36,919 31,023
Net at closing 36,677 24,326
Note 5. Trade receivables
Trade receivables break down as follows:
As of 03.31.09 As of 03.31.08
Gross Provision Net Net
Trade
receivables
65,235 - 65,235 51,560
Total 65,235 -65,235 51,560
Trade receivables basically consist of intra-group receivables.
Note 6. Statement of receivables and liabilities by maturity
STATEMENT OF RECEIVABLES Gross amount <1 year >1 year
Receivables on non-current assets
Other non-current financial assets 673 673
Receivables on current assets
Advances and prepayments 36,754 36,754
Trade receivables 65,235 65,235
Government (VAT credit, sundry) 18,289 18,289
Group and associates 51,684 51,684
Other miscellaneous debtors (1) 36,449 36,449
Prepaid expenses 3,084 3,084
Total 212,168 211,495 673
STATEMENT OF LIABILITIES Gross amount <1 year >1 year
Bank borrowings and debts 56,842 56,842
Miscellaneous borrowings 92,207 92,207
Trade payables 119,499 119,499
Tax and employee-related liabilities 21,549 21,549
Other liabilities 17,959 17,959
Payables on non-current assets 396 396
Deferred income 3,919 3,919
Total 312,371 312,371
(1) Primarily includes the receivable concerning the equity swap agreement on Gameloft stock for 18,777 thousand and credit notes
receivable from associates for 15,396 thousand.