Ubisoft 2008 Annual Report Download - page 177
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175
UBISOFT ANNUAL REPORT 2009
fI n a n c I a l s t a t e m e n t s 02
2.1.5.9 Other notes
2.1.5.9.1 Income statement by destinations
IN THOUSANDS OF EUROS 03.31.09 03.31.08
Net income 1,057,926 928,307
Cost of sales -418,659 -315,696
Gross margin 639,267 612,611
R&D costs -258,538 -266,790
Marketing costs -205,718 -158,578
Administrative and IT costs -63,118 -62,665
Operating profit (loss) from continuing operations 111,894 124,578
Other operating income and expenses 1,570 6,942
Operating profit (loss) 113,464 131,520
Net borrowing cost 929 -1,340
Foreign-exchange income -5,343 -13,742
Other financial income 8,846 42,869
Other financial expenses -9,272 -793
Financial income -4,840 26,994
Share in profit of associates 15 568
Income tax -39,791 -49,238
Gain (loss) on the disposal of discontinued operations - -
Profit (loss) for the period 68,848 109,844
Attributable to minority interests - -
Earnings attributable to equity holders of the parent 68,848 109,844
Earnings per share
Basic earnings per share (in euros) (1) 0.74 1.20
Diluted earnings per share (in euros) (1) 0.71 1.14
Continuing operations
Basic earnings per share (in euros) (1) 0.74 1.20
Diluted earnings per share (in euros) (1) 0.71 1.14
(1) Following the two-for-one stock split on November 14, 2008.
Main aspects:
Income: this contains all parts of income, namely sales of games, provisions for returns and services rendered.
Cost of sales: this contains all purchasing, reception, storage and delivery costs, as well as after-sales service costs including
payroll.
R&D costs: this contains all costs relating to production equipment, including salaries and training costs as well as other signicant
production costs (royalties, depreciation, etc.).
Marketing costs: this covers all marketing costs with the exception of editorial spending, which is attached to R&D costs.
Administrative and IT costs: this includes all staff costs and spending (general management, human resources, communications)
by administrative and IT teams.