Ubisoft 2010 Annual Report Download - page 36

)LQDQFLDO5HSRUW




$V SDUW RI WD[ DVVHVVPHQW DW 8ELVRIW 'LYHUWLVVHPHQWV ,QF &DQDGD IURP  WR  DQG IURP
WRDELODWHUDOWUDQVIHUSULFHDJUHHPHQWKDVEHHQLQLWLDWHGZLWKWKHWD[DXWKRULWLHV3HQGLQJ
WKHILQDODJUHHPHQWWKHSURYLVLRQRI&$'PLOOLRQLVPDLQWDLQHGXQFKDQJHG
5,6.6$662&,$7(':,7+5(&58,7,1*$1'5(7$,1,1*7$/(17('67$))
7KH*URXS¶VVXFFHVVODUJHO\GHSHQGVRQWKHWDOHQWDQGVNLOOVRILWVSURGXFWLRQDQGPDUNHWLQJWHDPVLQ
DKLJKO\FRPSHWLWLYHLQWHUQDWLRQDOPDUNHW,IWKH*URXSZHUHQRORQJHUDEOHWRDWWUDFWDQGUHWDLQQHZ
WDOHQWVRUZHUHQRORQJHUFDSDEOHRIUHWDLQLQJRUPRWLYDWLQJLWVNH\HPSOR\HHVWKH&RPSDQ\¶VJURZWK
SURVSHFWVDQGILQDQFLDOSRVLWLRQFRXOGEHDIIHFWHG
7KH &RPSDQ\ IROORZV DQ DFWLYH SROLF\ RI UHFUXLWPHQW WUDLQLQJ DQG UHWHQWLRQ WKURXJK WKH IROORZLQJ
LQLWLDWLYHVLQSDUWLFXODU
x &RPSDQ\XQLYHUVLW\FROODERUDWLRQVWURQJUHODWLRQVKLSVZLWKWKHPDLQXQLYHUVLWLHVLQWKHYDULRXV
FRXQWULHVZKHUHWKH*URXSRSHUDWHV
x 7KHDGGLWLRQRIWRROVDQGIRUXPVWRHQFRXUDJHVNLOOVVKDULQJ
x ,PSOHPHQWDWLRQRIYDULRXVKLJKOHYHOWUDLQLQJSURJUDPVIRUFRUHSURGXFWLRQDFWLYLWLHV
$OORIWKHSURJUDPVHVWDEOLVKHGE\+XPDQ5HVRXUFHVDWDORFDODQGLQWHUQDWLRQDOOHYHODUHILUVW DQG
IRUHPRVW GHVLJQHG WR DWWUDFW WUDLQ UHWDLQ DQG PRWLYDWH HPSOR\HHV ZLWK VWURQJ WHFKQLFDO DQGRU
PDQDJHULDO VNLOOV GHYHORSPHQW RSSRUWXQLWLHV VKDUH SXUFKDVH SODQV VWRFN RSWLRQ SODQV SHUVRQDO
GHYHORSPHQWSODQVHWF

5,6.6$662&,$7(':,7+7+($&48,6,7,21$1',17(*5$7,212)1(:
(17,7,(6
7KH&RPSDQ\KDVDQLQWHUQDWLRQDOH[SDQVLRQSROLF\UHJXODUO\UHIOHFWHGLQWKHRSHQLQJDQGDFTXLVLWLRQ
RISURGXFWLRQVWXGLRVLQQHZWHUULWRULHV7KHLQWHJUDWLRQRIWKHVHVWXGLRVLVFULWLFDOIRUWKH&RPSDQ\¶V
VXFFHVVLQRUGHUWRPHHWIXWXUHJURZWKWDUJHWV
,QRUGHUWRHQVXUHWKDWWKHVHQHZHQWLWLHVDUHLQWHJUDWHGVXFFHVVIXOO\WKH&RPSDQ\KDVSXWLQSODFHD
QXPEHURIVROXWLRQVWRVXSSRUWWKHWHDPV6LPLODUO\WKH&RPSDQ\FRQWLQXHVWRGHYHORSWKHVNLOOVRILWV
DGPLQLVWUDWLYHWHDPVLQRUGHUWROLPLWILQDQFLDOWD[RUOHJDOULVNV
$VRXQGILQDQFLDOVWUXFWXUHIRUWKHWDUJHW&RPSDQ\QHWILQDQFLDOVXUSOXVDQGWKHDYDLODEOHHTXLW\LV
H[SHFWHGWRPLQLPL]HWKHVHULVNV
1HYHUWKHOHVVWKHIROORZLQJULVNVFRXOGDULVH
x GLOXWLRQRIWKHFXUUHQWVKDUHKROGHUVWUXFWXUHDVDUHVXOWRIDQDFTXLVLWLRQSDLGLQVKDUHV
x FUHDWLRQRIVLJQLILFDQWORQJWHUPGHEW
x SRWHQWLDOORVVHVWKDWFRXOGKDYHDQHJDWLYHLPSDFWRQSURILWDELOLW\
x SURYLVLRQLQJIRUJRRGZLOORURWKHULQWDQJLEOHDVVHWV

7KHSRWHQWLDOORVVRINH\HPSOR\HHVDWWKHWDUJHW&RPSDQ\FRXOGKDYHDQHJDWLYHLPSDFWRQILQDQFLDO
SHUIRUPDQFH+RZHYHUWRGDWH8ELVRIWKDVDOZD\VSURYHQFDSDEOHRILQWHJUDWLQJDFTXLUHGFRPSDQLHV
LQWRWKH*URXS

 /(*$/5,6.6

/$:68,76±/(*$/352&((',1*6$1'$5%,75$7,21
7KHUHDUHQRJRYHUQPHQWOHJDORUDUELWUDWLRQSURFHHGLQJVSHQGLQJWKDWDUHOLNHO\WRKDYHRUWKDWRYHU
WKHSDVWPRQWKVKDYHKDGDPDWHULDOLPSDFWRQWKHILQDQFLDOSRVLWLRQRUSURILWDELOLW\RIWKH&RPSDQ\
DQGRUWKH*URXS