Ubisoft 2016 Annual Report Download - page 149

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Financial statements
5
Consolidated fi nancial statements asatMarch31, 2016
NOTE24 EARNINGS PER SHARE
NET EARNINGS FROM CONTINUING OPERATIONS AT MARCH31, 2016 93,408
Weighted average number of shares in circulation 108,131,113
Dilutive shares 6,067,116
Stock options 1,418,690
Free share grants 4,648,426
Weighted average number of shares after exercise of the rights on dilutive instruments 114,198,228
DILUTED EARNINGS PER SHARE FROM ORDINARY SHARES AS AT MARCH31, 2016 0.82
OTHER NOTES
NOTE25 SEGMENT REPORTING
In accordance with IFRS 8, the Group produces segment reports.
The operating segments reported correspond to (i) the publishing/
production activities (ii) the geographical areas of distribution at
which operational decisions are made. The breakdown by geographic
region is given for two segments, according to the distribution of
the Group’s assets:
♦
EMEA distribution zone (corresponding to APAC zone and
Europe);
♦ North America distribution zone (including Central and Latin
America).
03/31/16 03/31/15(1)
Publishing/
Production Distribution
EMEA
Distribution
North
America Group Publishing/
Production Distribution
EMEA
Distribution
North
America Group
Sales 64,352 671,503 658,142 1,393,997 52,257 743,512 667,984 1,463,753
Cost of sales (2,382) (160,659) (142,024) (305,065) (2,783) (188,765) (145,525) (337,073)
Gross profi t 61,970 510,844 516,118 1,088,932 49,474 554,747 522,459 1,126,680
R&D costs (499,008) (1,167) (161) (500,336) (572,106) (1,329) (98) (573,533)
Marketing costs (22,432) (132,085) (149,929) (304,446) (19,415) (137,188) (127,453) (284,056)
Administrative and IT costs (61,307) (27,355) (26,448) (115,110) (50,321) (25,932) (22,379) (98,632)
Cross-sectoral(2) 656,615 (334,361) (322,254) 734,098 (378,963) (355,135) -
Current operating income
before stock-based
compensation 135,838 15,876 17,326 169,040 141,730 11,335 17,394 170,459
Stock-based compensation(3) (12,918) - - (12,918) (9,609) - - (9,609)
OPERATING PROFIT (LOSS)
FROM CONTINUING
OPERATIONS 122,920 15,876 17,326 156,122 132,121 11,335 17,394 160,850
(1) 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”)
(2) The parent company invoices subsidiaries for a contribution in the form of royalties to defray development costs (amortization of commercial software and external software
development, royalties,etc.)
(3) Expenses linked to stock-based compensation are recognized by the parent company but relate to employees in all geographic regions
Other items in the income statement, particularly other operating income and expenses, fi nancial income and expenses and taxes, and
in the balance sheet are not monitored segment by segment and are considered to relate to the Group as a whole and in a general way.
- Registration Document 2016 147