Ubisoft 2016 Annual Report Download - page 158
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Financial statements
5Separate fi nancial statements of Ubisoft EntertainmentSA for the year ended March31, 2016
❙ 5.3.3 CASH FLOW STATEMENT
(in €thousands) Notes 03/31/16 03/31/15
Cash fl ows from operating activities
Earnings (105,306) 150,700
Net depreciation and amortization of property, plant and equipment
andintangibleassets 19-21 397,852 444,920
Changes in provisions 22-23 166,193 (52,461)
(Gains) losses on disposal of non-current assets 20 -
Net cash from operation 458,759 543,159
Trade receivables 5 (264,711) (58,374)
Advances and prepayments made (2,053)(1) (4,966)
Other assets (34,474) (46,600)
Trade payables 126,534(2) (25,442)
Other liabilities (14,236) 8,931
Total changes in working capital (188,940) (126,451)
Net cash generated by operating activities 269,819 416,708
Cash fl ows from investment activities
Acquisitions of intangible assets 1 (532,543)(3) (347,270)
Acquisitions of property, plant and equipment 2 (2,762) (1,351)
Acquisitions of equity investments 3 (309) (66)
Acquisitions of other non-current fi nancial assets 3 (134,905) (41,046)
Proceeds from the d isposal of non-current assets - 3,238
Repayment of loans and other fi nancial assets 3 55,699 40,927
Net cash used by investment activities (614,820) (345,568)
Cash fl ows from fi nancing activities
Capital increase 13 222 229
Increase in issue premium 13 21,702 17,825
New medium-term borrowings 234,014 623,088
Repayment of medium-term borrowings (229,863) (466,300)
Deferred expenses (43) (1,991)
Change in current accounts 64,765 148,830
Net cash generated by financing activities 90,797 321,681
NET CHANGE IN CASH AND CASH EQUIVALENTS (254,204) 392,821
Net cash position at beginning of the fi scal year 10 412,140 19,319
Net cash position at end of the fi scal year 10 157,936 412,140
1) Including €(1,166)thousand linked to commitments guaranteed but not paid in advance and prepayments made
(2) Including €1,823thousand linked to commitments guaranteed but not paid in trade payables
(3) Including €2,989thousand linked to commitments guaranteed but not paid in intangible assets
- Registration Document 2016
156