Ubisoft 2014 Annual Report Download - page 171

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Financial statements
2014
166
The change in equity investments is essentially due to:
- the subscription to capital increase of 2 subsidiaries,
- the price adjustment following the completion of estimates of future results used in the
acquisitions of Nadeo and Owlient.
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
1,053
3,201
19
4,235
TOTAL at 03/31/14
1,053
3,201
19
4,235
TOTAL at 03/31/13
1,126
1
74
1,053
Note 4. Advances and prepayments made
These consist primarily of guaranteed advances on license agreements.
03/31/14
03/31/13
Net at opening
5,829
5,562
New guarantees
17,012
12,393
Depreciation and
amortization
10,674
12,126
Net at year-end
12,167
5,829
Note 5. Trade receivables
At 03/31/14
At 03/31/13
Gross
Provision
Net
Net
Trade receivables
69,816
-
69,816
42,423
TOTAL
69,816
-
69,816
42,423
Trade receivables basically consist of intra-group receivables.
Note 6. Other receivables
At 03/31/14
At 03/31/13
Gross
Provision
Net
Net
Suppliers – credit notes to receive
16,369
16,369
10,735
Government (VAT credit, tax)
14,836
14,836
11,226
Associated current account advances
18,208
125
18,083
17,318
Receivable relating to the equity swap*
-
-
5,100
Other miscellaneous debtors
1,706
1,706
243
TOTAL
51,119
125
50,994
44,622
*
Following the sale of Gameloft shares, receivable and liabilities related to the equity swap (note 16) were balanced from the
balance sheet. A gain was recorded as non-recurring income (note 23).