Ubisoft 2013 Annual Report Download - page 139

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Financial Statements
2013
134
Deferred tax
Breakdown by nature of tax on the balance sheet and income statement:
03/31/12
Change in
income
Change in other
comprehensive
income
Foreign
exchange
losses/gains
Other
reclassifications
03/31/13
Intangible assets
Elimination of margin on
intangible assets
6,365
2,318
8,683
Available-for-sale financial
assets
1,487
-
(1,133)
354
Capitalized losses and tax
credits
Losses
10,567
(8,321)
2,246
Investment tax credit
46,763
310
1,072
7,815
55,960
Hedging derivatives
474
(705)
244
13
Other
Temporary tax differences
24,912
(1,765)
23,146
Other consolidation
adjustments
1,757
820
359
(94)
(325)
2,517
Total deferred tax assets
92,325
(7,343)
(530)
978
7,488
92,919
Intangible assets
Brands
(6,628)
842
(137)
(5,923)
Other intangible assets
(1,173)
674
(499)
Tax credit
(25,675)
(6,141)
(31,816)
Other
(3,920)
(6,181)
(88)
(754)
(10,943)
Total deferred tax liabilities
(37,396)
(10,804)
-
(225)
(754)
(49,181)
Total net deferred taxes
54,929
(18,148)
(530)
753
6,734
43,738
Deferred tax assets
Expiry of deferred tax assets as at March 31, 2013:
- Short-term: €17,115 thousand
- Long-term: €75,804 thousand
Taxes on capitalized/non-capitalized losses:
03/31/13
03/31/12
in thousands of euros
Capitalized
losses
Non-
capitalized
losses
TOTAL
Capitalize
d losses
Non-
capitalized
losses
TOTAL
Tax group France
(1)
-
441
441
8,537
629
9,166
Ubi Workshop Inc.
-
-
35
35
Hybride Technologies Inc.
63
63
230
230
Ubisoft Music Publishing Inc.
82
82
-
-
Shanghai Bi Han
-
-
249
249
Ubisoft Nordic A/S
60
60
60
60
Ubisoft Motion Pictures
97
97
73
73
Ubisoft SA (Spain)
327
327
170
170
Ubisoft SPA( Italy)
398
398
Ubisoft GmbH
1,203
1,203
1,214
1,214
Autres
16
16
-
-
TOTAL
2,246
441
2,687
10,568
629
11,197
(1)
Deferred tax on accelerated depreciation has been reclassified under loss carryforwards.