Ubisoft 2009 Annual Report Download - page 124
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120
03.31.10
TOTAL Cost of
sales
R&D costs Marketing
costs
Administrative
and IT costs
Provisions for trade receivables 677 - - 561 116
Provisions for risks and charges -176 - - - -176
Provisions for post-employment liabilities 65 - - - 65
Provisions for lawsuits 13 - - - 13
TOTAL Provisions 03.31.10 579 - - 561 18
TOTAL Provisions 03.31.09 253 - - 174 79
Note 22. Net financial income
03.31.10 03.31.09
Income from cash 1,426 4,133
Interest on borrowings -1,972 -3,204
Cost of net financial debt -546 929
Foreign-exchange gains 39,190 39,662
Foreign-exchange losses -33,944 -45,005
Foreign-exchange income
(1)
5,246 - 5,343
Disposal of the equity swap on Ubisoft shares - 8,862
Net income on the disposal of financial assets -54 -16
Other financial income 86 -
Disposal of the equity swap on Gameloft shares 110 -
Financial income 142 8,846
Fair value adjustment of financial assets - -8,661
Other financial expenses -92 -611
Financial expenses -92 -9,272
TOTAL 4,750 -4,840
(1) The foreign-exchange income is mainly linked to changes in the Australian dollar (€2.3 million), the Canadian dollar (€1.2 million), the pound
sterling (€2.4 million) and the US dollar (€-1.1 million).
Note 23. Share of profit of associates
The share of profit of associates is attributable to the Related Designs Software GmbH associate.
Note 24. Income tax and deferred taxes
Analysis of tax liabilities (savings):
03.31.10 03.31.09
Current tax -11,588 -26,196
Deferred tax 35,212 -13,596
TOTAL 23,624 -39,792