Ubisoft 2014 Annual Report Download - page 146
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Financial statements
2014
141
Note 20. Operating expenses by type
Personnel costs
03/31/14
03/31/13
Salaries
403,319
386,829
Payroll taxes
95,668
88,082
Wage subsidies
(76,418)
(79,095)
Stock-based-compensation*
7,121
4,927
Portion of stock-based-compensation capitalized
-
(3,614)
TOTAL
429,690
397,129
* See breakdown in Note 13
In the 2013/2014 financial year, €2.6 million in share-based payments previously capitalized were
amortized for the year.
The Group had total expenses of €15,139 thousand on its defined contribution plans.
Grants and tax credits presented as a reduction in personnel costs are as follows:
Country
Type
03/31/14
03/31/13
Canada
Multimedia credit
49,693
45,499
Research tax credit*
7,039
9,534
Other*
5,629
11,839
France
Research tax credit
2,055
2,326
Video game tax credit
1,934
2,011
Tax credit for competitiveness and employment **
1,124
253
Audiovisual tax credit
494
360
Other
1,631
1
Singapore
Economic Development Board tax credit
4,401
5,325
Abu Dhabi
Two Four 54
1,872
1,502
Other
546
445
TOTAL
76,418
79,095
* The payment of certain grants and tax credits is contingent upon the generation of taxable income.