Ubisoft 2013 Annual Report Download - page 151
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Financial Statements
2013
146
CASH FLOW STATEMENT
3.4
In thousands of euros
Notes
03/31/13
03/31/12
Cash flows from operating activities
Earnings
(30,462)
(63,817)
Net depreciation and amortization of property, plant and equipment
and intangible assets
19
-21
351,866
270,651
Changes in provisions
22
-23
74,335
90,726
(Gains) losses on disposal of non
-current assets
(6,401)
(23,655)
Net cash generated by operating activities
389,338
273,905
Trade receivables
5
(3,862)
15,148
Advances and prepayments made *
(1,773)
7,735
Other assets
(6,326)
11,024
Trade payables *
14,823
(9,956)
Other liabilities
(7,395)
16,333
Total changes in working capital
(4,533)
40,284
Net cash from operating activities
384,805
314,189
Cash flows from investment activities
Acquisitions of intangible assets *
1
(383,687)
(358,137)
Acquisitions of property, plant and equipment
2
(2,082)
(380)
Acquisitions of equity investments
3
295
(46,470)
Acquisitions of other non
-current financial assets
3
(7,462)
(9,505)
Disposals
of non-current assets
135
18,632
Disposal of Gameloft shares
10,730
13,701
Repayment of loans and other non
-current financial assets
3
7,046
9,843
Net cash used by investment activities
(375,025)
(372,316)
Cash flows from financing activities
Capital increase
13
64
7
Increase in issue premium
13
5,529
440
New medium
-term borrowings
23,246
-
Deferred expenses
(2,095)
(100)
Change in current accounts
3,977
15,662
Net cash generated by financing activities
30,721
16,008
Change in cash and cash equivalents
40,501
42,118
Net cash position at beginning of financial year
10
(18,076)
24,042
Net cash position at end of financial year
10
22,425
(18,076)
* Including a change of €(1,253) thousand linked to commitments guaranteed but not paid under trade payables, €327 thousand in
intangible assets and €926 thousand in advances and prepayments made