Ubisoft 2012 Annual Report Download - page 10

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Management Report
2012
5
1.1.3 KEY FIGURES
The consolidated financial statements for the year ended March 31, 2012 have been prepared in
accordance with the International Financial Reporting Standards (IFRS) applicable at March 31, 2012,
as adopted by the European Union.
Only the standards approved by the European Commission and published in its official journal before
March 31, 2012, and whose application was mandatory as of April 1, 2011, have been applied by the
Group to the consolidated financial statements for the year ended March 31, 2012. No standard or
interpretation whose application has become mandatory since March 31, 2012 has been applied early
to the consolidated financial statements for the year ended March 31, 2012.
The IFRS standards as adopted by the European Union differ in certain ways from the IFRS standards
published by the IASB. However, the Group has made sure that the financial information presented
would not have been substantively different if it had applied IFRS standards as published by the IASB.
In thousands of euros
03/31/12
03/31/11
Sales
1,061,296
1,038,826
Gross margin
718,134
673,618
R&D costs
(348,407)
(363,505)
SG&A expenses
(313,694)
(280,748)
Operating profit (loss) from continuing operations*
56,033
29,365
Non-recurring restructuring expenses
-
(95,942)
Operating profit (loss)
45,623
(80,486)
Net financial income
2,466
(3,679)
Share in profit of associates
10
-
Income tax (credit)
(10,778)
32,045
Net income (group share)
37,321
(52,120)
Equity
762,707
713,995
Capital expenditure on internal production
301,763
287,470
Staff
6,927
6,331
*excluding share-based payments.