Ubisoft 2016 Annual Report Download - page 107

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Financial statements
5
Consolidated fi nancial statements asatMarch31, 2016
❙ 5.1.2 CONSOLIDATED INCOME STATEMENT
(in €thousands) Notes 03/31/16 %03/31/15
restated* %
Sales 18 1,393,997 100% 1,463,753 100%
Cost of sales (305,065) (337,073)
Gross profi t 1,088,932 78% 1,126,680 77%
R&D costs 19 (509,779) (580,554)
Marketing costs 19 (305,735) (284,965)
Administrative and IT costs 19 (117,296) (100,311)
Operating profi t (loss) from continuing operations
156,122 11% 160,850 11%
Current operating income before stock-based
compensation 169,040 170,459
Stock-based compensation (12,918) (9,609)
Operating profi t (loss) from continuing operations
156,122 160,850
Other non-current operating income and expenses 21 (19,334) (21,717)
Operating profi t (loss) 136,788 10% 139,133 10%
Interest on borrowings (8,429) (5,322)
Income from cash 989 556
Net borrowing cost (7,440) (4,766)
Result from foreign-exchange operations (5,168) 1,159
Other fi nancial expenses (3,666) (1,764)
Other fi nancial income 2,548 6,085
Net fi nancial income 22 (13,726) -1% 712 0%
Total income tax 23 (29,654) -2% (52,996) -4%
INCOME FOR THE PERIOD** 93,408 7% 86,849 6%
Earnings per share– Continuing operations 24
Basic earnings per share (in €) 0.86 0.81
Diluted earnings per share (in €) 0.82 0.77
* The consolidated fi nancial statements at March31, 2015 were restated for the impacts of IFRIC21 (See section5.1.6 “Comparability of fi nancial statements”)
** The profi t (loss) for the period is entirely attributable to equity holders
❙ 5.1.3 STATEMENT OF COMPREHENSIVE INCOME
(in €thousands) 03/31/16 03/31/15
restated*
Net income for the period 93,408 86,849
Items reclassifi ed subsequently under profi t or loss** (11,688) 54,871
Foreign exchange gains and losses on foreign operations (26,127) 61,244
Effective part of the change in fair value of cash fl ow hedges 22,663 (10,279)
Tax on other comprehensive income reclassifi ed subsequently under profi t or loss (8,225) 3,906
Items not reclassifi ed subsequently under profi t or loss - (850)
Actuarial gains and losses on post-employment obligations (39) (1,109)
Tax on other comprehensive income 5 375
Other income not subject to tax 34 (116)
Total other comprehensive income (11,688) 54,021
INCOME FOR THE PERIOD*** 81,720 140,870
* The consolidated fi nancial statements at March31, 2015 were restated for the impacts of IFRIC21 (See section5.1.6 “Comparability of fi nancial statements”)
** See details in Note10
*** The profi t (loss) for the period is entirely attributable to equity holders
- Registration Document 2016 105