Ubisoft 2010 Annual Report Download - page 92

Download and view the complete annual report

Please find page 92 of the 2010 Ubisoft annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 198

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198

)LQDQFLDO6WDWHPHQWV


Revenues
6DOHRIJDPHV
5HYHQXHIURPWKHVDOH RI JDPLQJVRIWZDUH LVUHFRUGHGIRUWKH QHW DPRXQW RIWKHVDOHRQWKHGDWH
SURGXFWV DUH GHOLYHUHG WR FOLHQWV $ SURYLVLRQ IRU HVWLPDWHG UHWXUQV LV UHFRUGHG DV D GHFUHDVH LQ
UHYHQXHV8QGHUWKHWHUPVRILWVFRQWUDFWVZLWKFXVWRPHUVWKH*URXSGRHVQRWKDYHWRDFFHSWUHWXUQV
EXWLWPD\H[FKDQJHSURGXFWVVROGWRFHUWDLQFXVWRPHUV)XUWKHUPRUHWKH*URXSPD\SURYLGHDUHWXUQ
JXDUDQWHHRUJUDQWGLVFRXQWVRQXQVROGSURGXFWVRURWKHUEHQHILWVWRFHUWDLQFXVWRPHUV,QWKLVFDVH
WKH*URXSVPDQDJHPHQWHVWLPDWHVWKHDPRXQWRIIXWXUHFUHGLWQRWHVDQGERRNVDSURYLVLRQ
/LFHQVHV
7KH *URXS PD\ LVVXH OLFHQVHV LQ FRQVLGHUDWLRQ RI D JXDUDQWHHG PLQLPXP UR\DOW\ 7KLV UR\DOW\ LV
UHFRUGHGLQLQFRPHZKHQWKHVLJQLILFDQWUHZDUGVDQGULVNVDWWDFKHGWRJRRGVKDYHEHHQWUDQVIHUUHGWR
WKHEX\HU
$GGLWLRQDO UHYHQXH RQ VDOHV DERYH WKH JXDUDQWHHG PLQLPXP UR\DOW\ LV UHFRUGHG DV DQG ZKHQ WKH
VDOHVDUHFRPSOHWHG
6HUYLFHV
,QFRPH FRUUHVSRQGLQJ WR GHYHORSPHQW DQG SXEOLVKLQJ VHUYLFHV RQ EHKDOI RI WKLUG SDUWLHV LQFOXGHV
UR\DOWLHVDQGRWKHUUHPXQHUDWLRQVZKLFKDUHUHJDUGHGDVDULVLQJDQGERRNHGLQVDOHVDVDQGZKHQWKH
VHUYLFHLVUHQGHUHG
R&D costs
7KLVGHVWLQDWLRQLQFOXGHVDOOUHVHDUFKDQGGHYHORSPHQWFRVWVIRUSURGXFWLRQWHDPVLQFOXGLQJVDODULHV
ZHOIDUH FRVWV DQG VKDUHGEDVHG SD\PHQW WR GHYHORSPHQW HPSOR\HHV RWKHUV RSHUDWLQJ FRVWV
UR\DOWLHV GHSUHFLDWLRQ RQ WRROV 7KLV GHVWLQDWLRQ LQFOXGHV GHSUHFLDWLRQ DQG DPRUWL]DWLRQ RQ
FRPPHUFLDOVRIWZDUH
Marketing costs
7KLVGHVWLQDWLRQLQFOXGHVDOOVDOHVDQGPDUNHWLQJFRVWVZLWKWKHH[FHSWLRQRIHGLWRULDOPDUNHWLQJFRVWV
ZKLFKDUHLQFOXGHGXQGHUUHVHDUFKDQGGHYHORSPHQWFRVWV
Administrative and IT costs
7KLVGHVWLQDWLRQLQFOXGHVDOOWKHH[SHQVHVRIWKHDGPLQLVWUDWLYHDQG,7WHDPV
Current operating income and operating income
2SHUDWLQJLQFRPHLQFOXGHVDOOUHYHQXHVDQGFRVWVGLUHFWO\OLQNHGWR*URXSDFWLYLWLHVZKHWKHUWKHVH
UHYHQXHVDQGFRVWVDUHUHFXUUHQWRUUHVXOWLQJIURPRQHRIIGHFLVLRQVRURSHUDWLRQV([FHSWLRQDOLWHPV
GHILQHGDVUHYHQXHVDQGH[SHQVHVWKDWDUHXQXVXDOLQWKHLUIUHTXHQF\QDWXUHDQGRUDPRXQWEHORQJ
WRRSHUDWLQJLQFRPH&XUUHQWRSHUDWLQJLQFRPHLVHTXDOWRRSHUDWLQJLQFRPHEHIRUHLQFOXVLRQRILWHPV
ZKRVHDPRXQWDQGRUIUHTXHQF\DUHXQSUHGLFWDEOHE\QDWXUH
7KH*URXSIHHOVWKDWSUHVHQWLQJ WKH FXUUHQWRSHUDWLQJ LQFRPH VXEWRWDOVHSDUDWHO\RQ WKHLQFRPH
VWDWHPHQW PDNHV HDVLHU WKH XQGHUVWDQGLQJ RI WKH UHFXUUHQW RSHUDWLQJ SHUIRUPDQFH DQG SURYLGHV
UHDGHUVRIWKHILQDQFLDOVWDWHPHQWVZLWKXVHIXOLQIRUPDWLRQLQWKHSHUIRUPDQFHDQDO\]LV
Financing costs and other financial income and expenses
7KHFRVWRIQHWILQDQFLDOGHEWLQFOXGHVLQFRPHDQGH[SHQVHVOLQNHGWRFDVKDQGFDVK HTXLYDOHQWV
LQWHUHVWH[SHQVHVRQERUURZLQJVZKLFKLQFOXGHWKHVDOHRILQYHVWPHQWVHFXULWLHVFUHGLWRULQWHUHVWDQG
WKHFRVWRILQHIIHFWLYHFXUUHQF\KHGJLQJ