Ubisoft 2004 Annual Report Download - page 136

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134
UBISOFT > 2005 FINANCIAL REPORT
To the best of my knowledge, the data contained in this Reference document is true and correct. It includes all the information
needed by investors to form an opinion concerning the assets, activity, financial position, performance and outlook of
Ubisoft Entertainment SA and contains no omissions that might affect its scope.
Mr. Yves Guillemot
Chairman and Chief Executive Officer
In our capacity as the statutory auditors for Ubisoft Entertainment SA, and in accordance with Articles 211-1 to 211-42 of
the AMF's internal regulations and with the accounting standards applicable in France, we have verified the information
concerning the financial position and past and present accounts providedin this Reference document.
This Reference document was prepared under the supervision of Mr. Yves Guillemot. It is our task to express an opinion on
the accuracy of the information contained therein concerning the financial position and financial statements. This warning
is in keeping with the general regulations of the AMF currently in effect (under review at this time), for the sole purpose of
the registration of this document, while awaiting the French adaptation of the “Prospectus” directive.
In accordance with the accounting standards applicable in France, our mission consisted of assessing the accuracy of the
information concerning the financial position and accounts and verifying the consistency of this information with the
financial statements on which we issued a report. Our mission also consistedof reading the other information contained in
the Reference document in order to identify any significant inconsistencies with the information concerning the financial
position and accounts and point out any clearly erroneous information that we may have noted on the basis of our general
knowledge of the company acquired during the performance of our mission. The forecast data presented represent the
objectives of company management rather than isolated projections resulting from a structured process of data preparation.
The year-end and consolidated financial statements for the fiscal years ended March 31, 2003, 2004 and 2005 approved by
the Board of Directors were audited by Mr. André Métayer and the “Compagnie Consulaire d'Expertise Comptable
Jean Delquié” (fiscal year ended March 31, 2003), by Mr. André Métayer and KPMG Audit (fiscal year ended March 31, 2004),
and by Audit AMLD and KPMG Audit (fiscal year ended March 31, 2005) in accordance with the accounting standards
applicable in France.
The year-end financial statements for the fiscal years ended March 31, 2003 and 2004 were certified without reservation
or observation. The year-end financial statements for the fiscal year ended March 31, 2005 were certified without
reservation and with an observation drawing the reader's attention to the change in the accounting method related to the
recording of development expenses invoiced by Ubisoft Entertainment's subsidiaries and the resulting change in the
presentation of the financial statements.
The consolidated financial statements for the fiscal year ended March 31, 2003 were certified without reservation and with
the following observation: starting with the fiscal year ended March 31, 2003, the company decided to create a provision
for retirement commitments for the most significant subsidiaries and recorded a provision in the amount of €300,000 in this
respect. The consolidatedfinancial statements for the fiscal years ended March 31, 2004 and 2005 were certified without
reservation or observation.
On the basis of this due diligence, we haveno observations to make with regard to the accuracy of the information concerning
the company's financial position and accounts, as presented in this Reference document.
Rennes on September 13, 2005
By the statutory auditors
KPMG Audit SARL Audit AMLD
Adivision of KPMG SA
Laurent Prévost André Métayer
Partner Partner
Declaration of the person responsible
for the Reference document
7.1
Declaration of the statutory auditors regarding
the financial position and the past and present accounts provided in this
Reference document
7.2