Ubisoft 2016 Annual Report Download - page 141

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Financial statements
5
Consolidated fi nancial statements asatMarch31, 2016
(in €millions) Factoring agreement
on trade receivables– Germany Factoring Agreement
on trade receivables– United Kingdom
Nature of the assets transferred Trade receivables relating to the subsidiary
in Germany
Trade receivables relating to the subsidiary
in the United Kingdom
Nature of continued involvement Collection service on behalf of the counterparty Collection service on behalf of the counterparty
Nature of representative assets/
liabilities in continued involvement N/A N/A
Carrying amount of representative
assets/liabilities in continued
involvement
N/A N/A
Fair value of representative assets/
liabilities in continued involvement N/A N/A
Maximum exposure under continued
involvement N/A N/A
Compensation received under
thecollection service N/A N/A
Remaining commitment related to
continuing involvement on receivables
transferred at the closing date
€37.5M €24.9M
Maturity of assets representing
continued involvement N/A N/A
Reconciliation by accounting class and category
Notes IFRS7
hierarchy
03/31/16 03/31/15
Amortized
cost Fair value Amortized
cost Fair value
Assets recognized at fair value
Foreign exchange derivatives 8 2 13,780 3,870
Stock futures 8 - 1,049
Equity investments in non-consolidated companies 4 2 - 3
Net investment securities 9 1 39,252 232,692
Assets recognized at amortized cost
Trade receivables 6 419,577 23,904
Other trade receivables 7 100,985 113,855
Current tax assets 41,464 12,380
Deposits and sureties 4 4,232 4,053
Other non-current receivables 4 107 106
Cash 9 422,123 423,969
Liabilities recognized at fair value
Foreign exchange derivatives 14 2 (2,541) (13,625)
Liabilities recognized at amortized cost
Borrowings 14 (503,059) (445,341)
Trade payables 16 (206,246) (94,919)
Other operating liabilities 17 (213,807) (149,874)
Current tax liabilities (13,511) (7,623)
No changes in the fair value hierarchy have been carried out in the measurement of assets and liabilities at fair value over the past year.
- Registration Document 2016 139