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Financial Statements
2012
84
Standards
Option utilized
IFRS 2
Share-based Payment
The Group has chosen to apply IFRS 2 only for equity instruments
granted after November 7, 2002 whose rights had not yet vested at
December 31, 2004. Similarly, liabilities arising from transactions where
payment is based on shares and which had been settled before
December 31, 2004 have not been restated.
IFRS 3
Business Combinations
The Group has not made any retrospective adjustments for businesses
combined before January 1, 2004.
IAS 19
Pension Commitments and
Related Benefits
Total unrecognized actuarial differences linked to the corridor existing on
the transition date have been fully recognized under balance sheet
liabilities by writing off against equity.
IAS 21
Foreign Currency Translation
Adjustments Related to Foreign
Operations
Total translation adjustments at January 1, 2004 relating to the
conversion of financial statements for foreign operations have been
reposted under consolidated reserves in the transitional balance sheet.
IAS 39
Financial Instruments
Certain financial instruments have been classified as “available-for-sale
financial assets” or “financial assets at fair value through profit or loss”
from the application date of IAS 39 and not from their initial recognition.
Standards published but whose application is not yet mandatory
Ubisoft has not opted for early application of the new standards, amendments or interpretations
published at March 31, 2012 (adopted or being adopted by the European Union) and presented below:
Standards
Consequences for the Group
IFRS 7
(amended)
Transfers of Financial Assets
(applicable to financial years
starting from July 1, 2011)
The changes are meant to provide a better understanding of financial
asset transfer operations and the potential effects of any risk that would
remain in the company that has transferred the assets.
This text will have no effect on the Group’s consolidated financial
statements.
IAS 1
(amended)
Presentation of OCI (applicable
to financial years from July 1,
2012)
The changes are intended to separate the other comprehensive income
into two subcategories according to whether or not they can be
reclassified in profit or loss.
1.6.5 ACCOUNTING PRINCIPLES AND VALUATION METHODS
1.6.5.1 COMPARABILITY OF FINANCIAL STATEMENTS
Change in consolidation, valuation and presentation methods
N/A
Change in estimation
N/A
Items affecting comparability of financial statements
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 flows from investment activities.
The impact of the restatement in the cash flow statement at March 31, 2011 is as follows:
- Impact on cash flows from operating activities: €(5,915) thousand
- Impact on change in WCR: €(4,567) thousand
- Impact on 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.