Ubisoft 2016 Annual Report Download - page 175

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Financial statements
5
Separate fi nancial statements of Ubisoft EntertainmentSA for the year ended March31, 2016
NOTES TO INCOME STATEMENT
NOTE18 PRODUCTION FOR THE PERIOD
NOTE19 OTHER OPERATING INCOME AND REINVOICED COSTS
03/31/16 03/31/15
Reversals of provisions for impairment of commercial software developments* 333,063 256,586
Reversals of provisions for impairment of external developments 1,572 541
Reversals of provisions for risks and charges -13
Reinvoiced costs 33,288 28,165
Income from other ordinary revenue transactions -15
TOTAL 367,923 285,320
* See details in Note21
Reinvoiced costs essentially correspond to the rebilling of development kits, cash received under agreements with third parties, general
expenses, etc.
Production for the period comprises:
♦ sales, essentially made up of intra-group invoicing of contributions;
♦ capitalized production refl ecting development costs outsourced to subsidiaries and external developers.
03/31/16 03/31/15
Sales 664,395 755,288
Capitalized production costs for commercial software 514,592 327,444
Capitalized production costs for external software developments 20,883 17,585
Production for the period 1,199,870 1,100,316
The breakdown of sales by geographic region was as follows:
03/31/16 03/31/15
(in €thousands) % (in €thousands) %
Europe 303,103 46% 345,460 46%
North America 321,415 48% 369,906 49%
Asia 27,177 4% 21,731 3%
Rest of the world 12,700 2% 18,191 2%
SALES 664,395 100% 755,288 100%
- Registration Document 2016 173