Ubisoft 2009 Annual Report Download - page 32
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28
1.1.5.2 Investments during the financial year
Acquisitions and start-ups
- July 2009: creation of the studio Ubisoft Design Montpellier SARL
- July 2009: creation of the studio Ubisoft Toronto Inc.
- October 2009: acquisition of the developer Nadéo SAS in France
- November 2009: creation of the subsidiary Ubisoft Talent Management SARL
- December 2009: creation of the subsidiary Ubisoft IT Project Management SARL
- January 2010: creation of the studio Ubisoft Innovation SARL
- March 2010: creation of the studio Ubisoft Créa SARL
1.1.5.3 Business activities of the subsidiaries
Production subsidiaries:
These are responsible for the design and development of the software. They saw their business grow
sharply due to the increase in projects carried out internally and the rise in staff numbers.
Sales and marketing subsidiaries:
The sales and marketing subsidiaries are responsible for distributing Ubisoft products throughout the world.
Relations between the parent company and subsidiaries:
The relationship between the parent company and the subsidiaries involves:
- Production subsidiaries billing the parent company for development costs based on the progress
of their projects. These costs are capitalized at the parent company and amortized from the
commercial launch date.
- The parent company invoices distribution subsidiaries for a contribution to development costs.
The parent company also centralizes a certain number of costs that it then allocates to its subsidiaries, in
particular:
- The purchase of computer equipment,
- General and administrative expenses,
- Financial costs.
Main subsidiaries:
Subsidiary (in
thousands of
euros)
03.31.10 03.31.09 03.31.08
IFRS financial
statementsSalesOperating
profit (loss)EarningsSalesOperating
profit (loss)EarningsSalesOperating
profit (loss)Earnings
Ubisoft Inc.
(United States) 342,647 8,192 4,694 396,794 15,873 11,901 372,156 14,816 10,207
Ubisoft Ltd
(United Kingdom) 122,647 1,337 1,064 175,528 4,388 3,406 159,078 3,976 2,840
Ubisoft GmbH
(Germany) 85,781 1,793 1,244 107,753 3,394 2,326 71,313 1,783 1,084
Ubisoft France
SAS 61,706 664 165 123,454 3,087 2,650 90,824 2,278 2,207