An "intangible asset" is an asset that has a significant value but no physical presence and provides a company with long-term financial value. Intangible assets that can be individually marketed by the business can be separated from other assets and can be identified are known to as identifiable intangible assets. Intellectual property, such as patents, trademarks, and copyrights, as well as non-cash government grants, like airport landing rights or broadcasting licenses, are examples of identifiable intangible assets. A trademark is a sign that can be used to distinguish one company's goods or services from those of other businesses. For trademarks, intellectual property rights offer protection. Intangible assets are capitalized at fair value as of the date of acquisition rather than cost when acquired separately.
Based on the company's evaluation of the fair value of identified intangible assets, brands & operating licenses, and commercial software developments accounted for EUR14.6 million and EUR1,632.9 million, respectively. In FY2022, the company's net value of intangible assets was EUR1,882.0 million. Ubisoft Entertainment’s gross intangible asset value increased by 20.6%, from EUR2,524.9 million in FY2021 to EUR3,045.8 million in FY2022. The company's amortization expense for intangible assets was EUR1,191.0 million in FY2022.
The company’s released commercial software developments grew from EUR1,195.1 million in FY2021 to EUR1,369.6 million in FY2022, an increase of 14.6%. Ubisoft’s amortization expense for intangible assets was EUR1,109.4 in FY2020 respectively. The company is constantly focusing on strategic acquisitions to grow and promote its portfolio of software solutions. As of March 2022, Ubisoft operated offices and studios in 31 countries.
Ubisoft Entertainment SA (Ubisoft) is a provider of gaming services. The company publishes and distributes video games for portable and home consoles, the PC, smartphones, and tablets in both physical and online formats. Its product portfolio includes Assassin’s Creed, The Crew, Far Cry, For Honor, Just Dance, Prince of Persia, Tom Clancy's Splinter Cell, Rayman, Star War, Immortals Fenyx Rising, Mario+ Rabbidas, Tom Clancy’s Ghost Recon, and Tom Clancy’s Rainbow Six brand names. The company also designs and sells clothes, accessories, collectables, and art through its e-commerce site.
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