Ubisoft 2008 Annual Report Download - page 90
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88
UBISOFTANNUAL REPORT 2009
Income statement for the last ve years
FINANCIAL YEAR 2004-05 2005-06 2006-07 2007-08 2008-09
Capital stock (€) 5,593,900 6,024,644 7,036,578 7,164,812 7,273,867
Number of ordinary shares 18,044,840 19,434,336 45,397,276(1) 46,224,592 93,856,346(2)
Number of preference shares - - - - -
Maximum number of shares to create 7,172,031 6,249,938 3,020,002 3,808,907 9,509,466
Through conversion of bonds 2,598,297 1,814,025 - - -
Through exercise of stock options 2,041,714 2,114,833 3,020,002 3,808,907 9,509,466
Through exercise of subscription warrants 2,532,020 2,321,080 - - -
Sales (K€) 294,529 314,228 435,190 571,034 576,476
Earnings before tax, employee profit sharing,
depreciation and provisions (K€) 125,292 124,761 236,943 309,662 326,750
Income tax (K€) -1,260 2,303 -89 1,961 13,532
Employee profit-sharing - - - - -
Earnings after tax, employee profit sharing,
depreciation and provisions (K€) 20,085 -12, 813 16,047 75,212 33,553
Distributed earnings - - - - -
Per share, earnings after tax, before depreciation
and provisions (K€) 6.87 6.30 5.22 6.66 3.34
Per share, earnings after tax, depreciation
and provisions (K€) 1.11 -0.66 0.35 1.63 0.36
Dividend per share - - - - -
Average headcount 5 5 5 5 5
Payroll (K€) 546 546 546 546 664*
Social security contributions and employee benefits
(K€) 195 199 215 204 279
* The corporate ofcer wage is booked in subcontracting.
(1) Two-for -one stock split on December 11, 2006.
(2) Two-for-one stock split on November 14, 2008.
Contingent assets and liabilities
Contingent liabilities
A tax inspection is under way at Ubisoft Entertainment SA for the period from 1 April 2004 to 31 March 2007. The company received
a proposed adjustment for a very substantial amount, but which was essentially due to a temporary delay, on 4 August 2008 but
is contesting all of the points mentioned. The rm estimates the impact of this inspection cannot be measured with sufcient
reliability. Consequently, no provisions have been made in the accounts.
Events after the balance sheet date
N/A