Ubisoft 2009 Annual Report Download - page 123
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119
Note 21. Operating expenses by nature
Employee benefits expense
03.31.10 03.31.09
Salaries and payroll taxes 308,158 254,747
Wage subsidies -52,944 -39,163
Share-based payments
(*)
18,455 16,855
Portion of share-based payments capitalized -8,377 -
TOTAL 265,292 232,439
(*)See breakdown in note 14.
For the 2009/2010 financial year, €8.3 million was capitalized, of which €2 million was amortized.
The Group had total expenses of €8,656 thousand on its defined contribution plans.
Grants break down as follows:
Canada:
• Crédit Multimédia, €28,362 thousand: this grant accounts for 37.5% of wages on production activities,
• €9,626 thousand Research and Development tax credit, representing 50% of R&D costs;
• €1,538 thousand for a portion of training costs,
• €5,332 thousand in assorted other grants.
France:
• €3,933 thousand in research tax credits;
• €2,337 thousand in video game tax credits;
Amounts corresponding to research and video game tax credits are now booked in operating income.
Other countries: €1,816 thousand.
Certain grants are contingent upon the generation of taxable income.
Amortization and provisions
03.31.10
TOTAL Cost of
sales
R&D costs Marketing
costs
Administrative
and IT costs
Amortization of intangible assets 295,483 12 293,913 465 1,054
Released commercial software 203,014 - 203,014 - -
External developments 86,404 - 86,404 - -
Office software 5,908 59 4,379 453 1,017
Other 157 2 116 12 27
Amortization of property, plant and equipment 10,995 98 8,547 728 1,621
Buildings 93 1 69 7 16
Fixtures and fittings 2,235 23 1,658 172 382
Computer hardware and furniture 7,054 73 5,233 541 1,206
Development kits 1,512 - 1,512 - -
Transport equipment 101 1 75 8 17
TOTAL Amortization 03.31.10 306,478 159 302,460 1,193 2,675
TOTAL Amortization 03.31.09 235,370 125 230,245 930 4,069