Ubisoft 2016 Annual Report Download - page 142

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Financial statements
5Consolidated fi nancial statements asatMarch31, 2016
NOTE16 TRADE PAYABLES
Trade payables At 03/31/15
Gross
Cash fl ows from
operating
activities (result)
Reclassifi cations
Changes
in scope
Foreign
exchange gains
and losses
At 03/31/16
Gross
Suppliers 93,609 118,145 - (2,115) (4,500) 205,139
Amounts due to suppliers
ofnon-current assets 1,310 (202) - - (1) 1,107
TOTAL AT 03/31/16 94,919 117,943 - (2,115) (4,501) 206,246
TOTAL AT 03/31/15 93,643 (6,277) - 14 7,539 94,919
“Trade payables” includes commitments made under license
agreements including the portion not yet paid.
At March 31, 2016, these outstanding commitments stood at
€17,611 thousand compared with €16,120 thousand the previous year.
As these debts are short-term and do not bear interest, a change
in interest rates does not represent a signifi cant interest-rate risk.
NOTE17 OTHER LIABILITIES
Other liabilities mainly include:
♦ earn out to be paid for the following acquisitions: €3.9 million
for Related Designs Software GmbH, €7.8 million for Future
Games of London Ltd;
♦
incentive rental income and rental debt at Ubisoft
Entertainment Inc. for €10.1 million.
Deferred income mainly comprises €34 million in deferred income
on revenue from digital sales recognized from the moment that the
digital content is made available on download platforms.
NOTES TO INCOME STATEMENT
NOTE18 SALES
03/31/16 03/31/15*
Advances and prepayments received 194 -
Employee-related liabilities 99,819 95,044
Other tax liabilities 47,677 16,106
Other liabilities 24,125 21,555
Deferred income 41,992 17,169
TOTAL 213,807 149,874
* Restated for the impacts of IFRIC21 (See section5.1.6 “Comparability of fi nancial statements”)
(in €millions) 03/31/16 03/31/15
Retail 947 1,081
Digital 447 383
TOTAL 1,394 1,464
At current exchange rates, sales have fallen by 4.8%; at constant exchange rates, the drop is 10.7%.
- Registration Document 2016
140