Ubisoft 2012 Annual Report Download - page 83

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Financial Statements
2012
78
1.2 CONSOLIDATED INCOME STATEMENT
In thousands of euros
Notes
03/31/12
%
03/31/11
%
Sales
19
1,061,296
1,038,826
Cost of sales
(343,162)
(365,208)
Gross margin
718,134
68%
673,618
65%
R&D costs
(355,007)
(369,585)
Marketing costs
(241,027)
(214,541)
Administrative and IT costs
(76,477)
(71,248)
Current operating income
45,623
18,244
Current operating income before share-
based payments
56,033
29.365
Share-based payments
(10,410)
(11,121)
Operating profit (loss) from continuing
operations
45,623
4%
18,244
2%
Goodwill depreciation
-
(1,354)
Non-current expenses and income
22
-
(97,376)
Operating profit (loss)
45,623
(80,486)
Interest on borrowings
(4.347)
(6.546)
Income from cash
1.820
1.458
Net borrowing costs
(2.527)
(5.088)
Result from foreign exchange operations
(3.404)
(4.310)
Other financial expenses
(308)
(345)
Other financial income
8.705
6.064
Net financial income
23
2,466
(3,679)
Share in profit of associates
10
-
Income tax
25
(10,778)
(22.4%)
32,045
(38.1%)
Profit (loss) for the period*
37,321
4%
(52,120)
-5%
Earnings per share - Continuing
operations
26
Basic earnings per share (in euros)
0.40
(0.55)
Diluted earnings per share (in euros)
0.39
(0.54)
* The profit (loss) for the period is entirely attributable to equity holders.
1.3 STATEMENT OF COMPREHENSIVE INCOME
In thousands of euros
03/31/12
03/31/11
Net profit (loss) for the period
37,321
(52,120)
Translation adjustment on foreign operations
13.891
(6,531)
Fair value adjustment of financial assets
(9,266)
1,118
Effective part of the change in fair value of cash flow hedges
731
271
Tax on other comprehensive income
(1.860)
(4,639)
Other items
74
(200)
Other comprehensive income
3,571
(9,981)
Profit (loss) for the period*
40,892
(62,101)
* The profit (loss) for the period is entirely attributable to shareholders of the parent company.