Ubisoft 2014 Annual Report Download - page 180

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Financial statements
2014
175
3.5.6 NOTES TO INCOME STATEMENT
Note 18. Production for the period
Production for the period comprises:
- Revenue, essentially made up of intra-group invoicing of royalties,
- Capitalized production reflecting development costs outsourced to subsidiaries and
external developers.
03/31/14
03/31/13
Revenue
377,545
548,202
Capitalized production costs for commercial software
382,038
362,006
Capitalized production costs for external software developments
27,150
23,390
Production for the period
786,733
933,598
The breakdown of revenue by geographic region was as follows:
03/31/14
03/31/13
In thousands
of euros
Percentage
In thousands
of euros
Percentage
Europe
158,677
42%
214,432
39%
North America
205,651
55%
302,225
55%
Asia
8,061
2%
19,008
4%
Rest of the world
5,156
1%
12,537
2%
Revenue
377,545
100%
548,202
100%
Note 19. Other operating income and reinvoiced costs
03/31/14
03/31/13
Reversals of provisions on commercial software developments*
253,106
204,977
Reversals of provisions on external software developments
2,293
-
Reversals of provisions for risks and charges
-
970
Reinvoiced costs
9,771
7,303
Income from other ordinary revenue transactions
37
13
TOTAL
265,207
213,263
* See details in Note 21
Reinvoiced costs essentially include overheads, travel and similar costs reinvoiced to Group
companies.
Note 20. Other purchases and external expenses
03/31/14
03/31/13
Production services subcontracted to subsidiaries
434,648
421,333
Production services subcontracted to external developers
27,359
24,086
Other purchases and external expenses
92,467
101,238
TOTAL
554,474
546,657
Other purchases and external expenses consist mainly of advertising expenses, royalties and property
and equipment lease payments.