Ubisoft 2013 Annual Report Download - page 159

Financial Statements
2013
154
The change in equity investments is essentially due to the price adjustment following the completion of
estimates of future results used in the acquisitions of Nadeo and Owlient subsidiaries.
The change in other non-current investments reflects purchases and sales of own shares held under the
liquidity agreement.
Provisions
Opening
balance
Increase
Decrease
Closing
balance
Equity investments
1,126
1
74
1,053
Other non-current investments
-
TOTAL at 03/31/13
1,126
1
74
1,053
TOTAL at 03/31/12
2,227
10
1,111
1,126
Note 4. Advances and prepayments made
These consist primarily of guaranteed advances on license agreements.
03/31/13
03/31/12
Net at opening
5,562
22,238
New guarantees
12,393
7,858
Reclassifications
-
-
Depreciation and
amortization
12,126
24,534
Net at year-end
5,829
5,562
Note 5. Trade receivables
At 03/31/13
At 03/31/12
Gross
Provision
Net
Net
Trade receivables
42,423
-
42,423
38,561
TOTAL
42,423
-
42,423
38,561
Trade receivables basically consist of intra-group receivables.
Note 6. Other receivables
At 03/31/13
At 03/31/12
Gross
Provision
Net
Net
Suppliers
– credit notes receivable
10,735
-
10,735
9,514
Government (VAT credit, tax)
11,226
-
11,226
10,474
Associated current account advances
17,540
222
17,318
6,038
Receivable relating to the equity swap
(1)
5,100
-
5,100
14,643
Other miscellaneous debtors
243
-
243
9,675
TOTAL
44,844
222
44,622
50,344
(1)
Receivable on CACIB valued at the closing share price of the Gameloft shares for remaining shares at March 31, 2013, as part of the
equity swap. The unrealized gain on the sale of Gameloft shares is “stored” in the balance sheet in other liabilities.