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Financial Statements
2012
99
1.6.7 NOTES TO THE BALANCE SHEET
Note 1. Goodwill
Goodwill
Opening
balance
Increase
Decrease
Changes in
scope
Translation
adjustments
Closing
balance
Gross
108,125
147
1,132
37,525
3,108
147,773
Depreciation
-
-
-
-
-
-
Net at 03/31/12
108,125
147
1,132
37,525
3,108
147,773
Net at 03/31/11
106.498
(1,354)
-
4,679
(1,698)
108,125
* Increases and decreases in goodwill related to price adjustments on the Nadeo and Quazal acquisitions for financial year 2011
The increase in goodwill attributable to the entries into the consolidation scope over the financial year
is described in paragraph 1.6.3.
Net goodwill broke down as follows as at March 31, 2012:
Company
At 03/31/11
Net
Increase
Decrease
Translation
adjustments
At 03/31/12
Net
Ubisoft Inc.
178
178
Ubisoft Ltd
820
5
825
Ubisoft GmbH
12,805
12,753
25,558
Red Storm Entertainment Inc.
38,693
2,464
41,157
Ubisoft Spa
3,215
3,215
Ubisoft Canada Inc.
1,948
60
2,008
Ubisoft Montpellier SAS
760
760
Ubisoft Divertissements Inc.
485
18
503
Blue Byte GmbH
3
3
Ubisoft France SAS
10,103
10,103
Ubisoft BV
2,294
2,294
Ubisoft Warenhandels GmbH
442
442
Ubi Games SA
1,587
126
1,713
Ubisoft Entertainment Ltd
1,484
67
1,551
Ubisoft Nagoya KK
1,176
1,176
Sunflowers Entertainment GmbH
12,753
(12,753)
-
Ubisoft Entertainment India Private Ltd
1,181
(80)
1,101
Hybride Technologies Inc.
5,532
197
5,729
Ubisoft Entertainment Sweden Ltd
2,338
23
2,361
Nadéo SAS
5,552
147
5,699
Quazal Technologies Inc.
4,776
1,132
228
3,872
Owlient SAS
-
25,728
25,728
RedLynx Oy
-
11,797
11,797
TOTAL
108,125
37,672
1,132
3,108
147,773
Impairment tests on goodwill
The result of impairment tests on goodwill attached to the most significant CGUs is detailed in the
table below:
Type of CGU or
group of CGUs
tested
Measurement
method
Discount rate
Perpetuity growth
rate
Carrying
amount
Recoverable
value
Group
DCF
9.62%
1.50%
642
1,016
Switzerland
DCF
9.62%
1.50%
2
2
Germany
DCF
9.62%
1.50%
6
20
France
DCF
9.62%
1.50%
10
14
Netherlands
DCF
9.62%
1.50%
2
4
United States
DCF
9.62%
1.50%
15
244
Canada
DCF
9.62%
1.50%
2
40
As at March 31, 2012, no impairment tests led to the recognition of any impairment.