Ubisoft 2016 Annual Report Download - page 11
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2.1 GROUP PROFILE
ANDSTRATEGY 10
2.2 HISTORY 10
2.3 SUBSIDIARIES AND
EQUITY INVESTMENTS 11
Investments during the fi nancial year
11
Business activities of subsidiaries 11
Simplifi ed organization chart 12
2.4 RESEARCH AND
DEVELOPMENT,
INVESTMENT
ANDFINANCING POLICY 13
2.4.1
Research and development policy
13
2.4.2
Investment expenditure policy
13
2.4.3 Financing policy 14
2.5 2015/2016 FINANCIAL YEAR 15
2.5.1 Financial year highlights 15
2.5.2
Changes in the income statement
15
2.5.3
Change in WCR and debt levels
16
2.6 OUTLOOK 18
2Group presentation
- Registration Document 2016 99