Ubisoft 2016 Annual Report Download - page 165

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Financial statements
5
Separate fi nancial statements of Ubisoft EntertainmentSA for the year ended March31, 2016
NOTE4 ADVANCES AND PREPAYMENTS MADE
NOTE3 NON-CURRENT FINANCIAL ASSETS
(in €thousands) Gross Impairment
03/31/16 03/31/15
Net Net
Equity investments 332,945 6,975 325,970 324,576
Other non-current investments 80,518 - 80,518 1,372
Deposits and sureties 1,026 - 1,026 966
TOTAL 414,489 6,975 407,514 326,914
Non-current assets (Gross value) Opening balance Increase Decrease Closing balance
Equity investments 332,536 409 - 332,945
Other non-current investments 1,377 134,840 (55,699) 80,518
Deposits and sureties 966 65 (5) 1,026
TOTAL 03/31/16 334,879 135,314 (55,704) 414,489
TOTAL 03/31/15 334,694 41,112 (40,927) 334,879
The change in other non-current investments refl ects purchases and sales of own shares held under the liquidity agreement and share
buyback programs (See breakdown in 5.3.4.1).
Provisions Opening balance Increase Decrease Closing balance
Equity investments 7,960 - (985) 6,975
Other non-current investments 5 - (5) -
TOTAL 03/31/16 7,965 - (990) 6,975
TOTAL 03/31/15 4,235 3,844 (114) 7,965
The increase in the provisions for impairment of equity investments is due to the decline in the value in use of the companies’ securities.
The sum of €15,820 thousand in “Advances and prepayments made” is primarily comprised of guaranteed advances on license agreements
which break down as follows:
(in €thousands) 03/31/16 03/31/15
Net at opening 20,809 12,167
New guarantees 7,597 17,300
Reclassifi cations (5,948) -
Depreciation and amortization 7,088 8,658
NET AT YEAR-END 15,370 20,809
- Registration Document 2016 163