Ubisoft 2009 Annual Report Download - page 147
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143
Provisions Opening
balance
Increase Decrease Closing
balance
Equity investments 5,580 1,241 5,549 1,272
TOTAL 03.31.10 5,580 1,241 5,549 1,272
TOTAL 03.31.09 15,932 110,353 5,580
The increase in equity investments basically stems from:
- the acquisition of Nadeo SAS (France) for €9,757 thousand,
- the capital increase at Ubisoft EOOD (Bulgaria) of €320 thousand,
- the capital increase at Ubisoft World SAS (France) of €7,298 thousand,
- the capital increase at Ubisoft Entertainment India Private Ltd (India) for €1,363
thousand,
- the capital increase at Ubisoft Counsel & Acquisitions SARL (France) of €50,000
thousand,
The reduction in equity investments is due to:
- the capital reduction at Ubisoft World SAS (France) of €48,989 thousand.
The change in other non-current investments reflects 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 flows 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 license agreements.
03.31.1003.31.09
Netatopening36,67724,326
Newguarantees22,97449,270
Reclassifications1,238‐
Depreciationand
amortization
25,61936,919
Netatclosing35,27036,677
Note 5. Trade receivables
A
s of 03.31.10
A
s of 03.31.09
Gross Provision Net Net
Trade receivables 77,429 - 77,429 65,235
TOTAL 77,429 -77,429 65,235
Trade receivables basically consist of intra-group receivables.