Ubisoft 2012 Annual Report Download - page 140
Download and view the complete annual report
Please find page 140 of the 2012 Ubisoft annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
 |
 |
Financial Statements
2012
135
3.5.2 COMPARABILITY OF FINANCIAL STATEMENTS
Change in consolidation, valuation and presentation methods
N/A
Change in estimation
N/A
Items affecting comparability
The Group has reclassified the sale of Gameloft shares in the cash flow statement at March 31, 2012
and March 31, 2011 from cash flow from operating activities to cash flow from investing activities.
The impact of the restatement at March 31, 2011 relates to the following aggregates:
- Net cash generated by operating activities: €(4,787) thousand
- Change in WCR: €(5,695) thousand
- Cash flows from investment activities: €+10.482 thousand
In financial year 2011/2012, provisions for litigation are recognized under provisions for risks. A
litigation provision of €700 thousand recognized in March 2011 under “Other debts” has been
reclassified under “Provisions” at March 31, 2012.
In financial year 2011/2012, profitability bonuses awarded to studio staff were fully recognized directly
in expenses, whereas they were capitalized as development costs in previous years. The impact on
operating income is not significant given the pace of depreciation and amortization of internal software.
3.5.3 ACCOUNTING PRINCIPLES
General accounting conventions were applied in accordance with the principle of financial prudence
and the following basic rules:
- Going-concern assumption;
- Matching principle;
- Fair presentation, consistency and accuracy;
- Conservatism;
and in accordance with the general rules governing the preparation and presentation of annual
financial statements.
The basic method used to measure items in the financial statements was historical cost.
The accounting methods applied are consistent with industry practice. Ubisoft Entertainment SA’s
annual financial statements comply with the provisions relating to separate financial statements in
Regulation CRC no. 99-03, as ratified by the Decree of June 22, 1999.
3.5.4 ACCOUNTING RULES AND METHODS
Intangible assets
Intangible assets include:
- Commercial software;
- Engines;
- External developments;
- Information system costs;
- Office software;
- Acquired brands;
- Logo.