Ubisoft 2008 Annual Report Download - page 170

168
UBISOFTANNUAL REPORT 2009
Note 17. Trade payables
Trade payables break down as follows:
TRADE PAYABLES
As March31,
2008
Gross
Cash flows
from operating
activities
(income)
Changes in
scope
Translation
adjustments
As March 31,
2009
Gross
Trade payables 174,537 -42,206 1,042 3,100 136,473
Amounts due to suppliers of non-current assets 3,366 -3,174 - - 1 191
Total 03.31.09 177,903 -45,380 1,042 3,099 136,664
Total 03.31.08 118,950 60,714 3,349 -5,110 177,903
Trade payables include commitments made under licence agreements for the amount specied in the agreement including the portion
not yet paid.
As of March 31, 2009, these unpaid commitments amounted to €68,335 thousand. They were €80,316 thousand the previous year.
All trade payables fall due within a year, except for €16,862 thousand for licensee commitments which have a fall due more than one year.
As these debts are short-term and do not bear interest, a change in interest rates does not represent a signicant interest-rate risk.
Note 18. Other liabilities
Other liabilities break down as follows:
03.31.09 03.31.08
Advances and prepayments received 61 725
Employee-related liabilities 41,342 38,972
Other tax liabilities 20,579 32,687
Other liabilities 8,827 15,529
Deferred income 6,060 7,592(1)
Total 76,867 95,505
(1) Deferred income includes €725 thousand in Canadian grants and €5.0 million in prepaid revenue.
Other liabilities fall due in under a year, except for a sum of €1 million relating to the acquisition of Hybride Technologies Inc.
2.1.5.8 Notes to the income statement
Note 19. Sales
The Group generated sales of €1,058 million in 2008/09.
At current exchange rates, sales increased by 14% on the €928 million generated in 2007/08. At constant exchange rates,
sales were up 18.4%.
The breakdown of sales is as follows:
03.31.09 03.31.08
Sales of goods 1,027,668 907,628
Licences 20,817 15,658
Services 9,441 5,019
Total 1,057,926 928,307