Ubisoft 2012 Annual Report Download - page 85

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Financial Statements
2012
80
1.5 CASH FLOW STATEMENT
In thousands of euros
Notes
03/31/12
03/31/11
03/31/11
Adjusted (1)
Publishe
d
Cash flows from operating activities
Consolidated earnings
37,321
(52,120)
(52,120)
Share in profit of associates
(10)
-
-
Net amortization and depreciation on property, plant and equipment and
intangible assets*
1/2/3
290,126
405,283
405,283
Net provisions
5/7/6/2/13
(7,295)
6,684
6,684
Cost of share-based payments
14
10,410
12,556
12,556
Gains/losses on disposals
(8,412)
(5,559)
356
Other income and expenses calculated
731
271
271
Tax expense
25
10,778
(32,042)
(32,042)
Cash flows from operating activities
333,649
335,073
340,988
Inventory
6
25,392
4,862
4,862
Trade receivables
7
64,914
19,389
19,389
Other assets (excluding deferred tax assets)
8/9
(33,303)
42,254
46,821
Trade payables
17
(16,663)
(4,559)
(4,559)
Other liabilities (excluding deferred tax liabilities)
15/18
(8,304)
9,023
9,023
Change in WCR linked to operating activities
32,036
70,969
75,536
Current tax
(7,667)
(13,057)
(13,057)
TOTAL CASH FLOW GENERATED BY OPERATING ACTIVITIES**
358,018
392,985
403,467
Cash flows from investment activities
Payments linked to internal and external developments***
2/3
(349,859)
(338,820)
(338,820)
Payments for other intangible assets and property, plant and equipment
2/3
(26,204)
(22,246)
(22,246)
Proceeds from the disposal of intangible assets and property, plant and
equipment
2/3
748
231
231
Payments for the acquisition of financial assets
5
(6,298)
(16,095)
(16,095)
Proceeds from disposal of Gameloft
13,701
10,482
-
Other cash flows from investing activities
1,130
1
1
Refund of loans and other financial assets
5
6,454
17,003
17,003
Changes in scope****
(17,973)
(5,465)
(5,465)
CASH USED IN INVESTING ACTIVITIES
(378,301)
(354,909)
(365,391)
Cash flows from financing activities
New finance leases contracted
15
47
86
86
New borrowings
15
-
36
36
Refund of finance leases
15
(201)
(192)
(192)
Refund of borrowings
15
(21,791)
(750)
(750)
Loss carryback refund claim
11
-
21,886
21,886
Funds received from shareholders in capital increases
446
1,771
1,771
Sales/purchases of treasury shares
(1,717)
(422)
(422)
CASH GENERATED BY (USED IN) FINANCING ACTIVITIES
(23,215)
22,415
22,415
(1) See 1.6.5.1 Comparability of financial statements
Net change in cash and cash equivalents
(43,498)
60,491
60,491
Cash and cash equivalents at the beginning of the period
10
122,035
64,977
64,977
Foreign exchange losses/gains
7,788
(3,433)
(3,433)
Cash and cash equivalents at the end of the period
10
86,325
122,035
122,035
* Excluding allocations related to stock-based compensation
6,601
7,515
7,515
** Including interest paid
(4,348)
(6,546)
(6,546)
*** Including changes linked to unpaid guaranteed commitments
16,001
28,231
28,231
*** Excluding allocations related to stock-based compensation
5,281
8,235
8,235
**** Including cash in companies acquired and disposed of
7,211
(141)
(141)