Ubisoft 2014 Annual Report Download - page 9

Management Report
2014
4
1.1.3 KEY FIGURES
The consolidated financial statements for the financial year ended March 31, 2014, have been
prepared in accordance with the International Financial Reporting Standards (IFRS) applicable at
March 31, 2014, as adopted by the European Union.
Only those standards approved by the European Commission and published in its official journal prior
to March 31, 2014, and which have been mandatory since April 1, 2013, have been applied by the
Group to its consolidated financial statements for the financial year ended March 31, 2014. No
standards or interpretations which only become mandatory after March 31, 2013, have been applied
early to the consolidated financial statements for the financial year ended March 31, 2014.
The IFRS standards as adopted by the European Union differ in certain ways from the IFRS standards
published by the IASB. However, the Group has made sure that the financial information presented
would not have been substantively different if it had applied the IFRS standards as published by the
IASB.
In thousands of euros
03/31/14
03/31/13
Sales
1,007,064
1,256,164
Gross margin
721,813
913,509
R&D expenses
(426,061)
(428,226)
SG&A expenses
(361,359)
(384,988)
Non-IFRS current operating income
(65,607)
100,294
Stock-based compensation
(9,706)
(8,098)
Other non-current operating income and expenses
(22,627)
(4,293)
Operating income
(97,940)
87,904
Net financial income
10,334
3,999
Share in profit of associates
-
12
Income tax (credit)
22,081
(27,083)
Net income (Group share)
(65,525)
64,831
Equity
810,048
838,227
Investment expenditure on internal game production
410,351
383,015
Staff
9,281
8,277