Atari 2009 Annual Report Download - page 82

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ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
82
NOTE 4 – INTANGIBLE ASSETS
Changes in intangible assets for the year ended March 31, 2009 can be analyzed as follows:
(€ millions) Gam es Trade mark s Licenses Softw are Othe r Total
Gross value
April 1, 2008 69.7 13.5 42.2 44.6 3.5 173.5
Changes in scope of consolidation 16.9 0.7 - 0.3 0.8 18.7
Acquisitions/Increase 29.3 - 17.0 0.6 - 46.9
Disposals/Decrease - - - - - -
Reclassification of assets held for sale - - - (2.3) - (2.3)
Other changes (31.0) 2.5 (4.2) (10.5) 0.5 (42.7)
March 31, 2009 84.9 16.7 55.0 32.7 4.8 194.1
Amortization and provisions for impairment in value
April 1, 2008 (46.7) (6.1) (31.7) (42.4) (3.5) (130.4)
Changes in scope of consolidation - - - (0.2) - (0.2)
Charges to amortization and provisions (39.6) (6.1) (22.9) (1.0) (0.1) (69.7)
Reversals of amortization and provisions - - 1.5 - - 1.5
Disposals/Decrease - - - - - -
Reclassification of assets held for sale - - - 1.7 - 1.7
Other changes 33.4 (1.6) 5.7 10.8 (0.7) 47.6
March 31, 2009 (52.9) (13.8) (47.4) (31.1) (4.3) (149.5)
Net value -
April 1, 2008 23.0 7.4 10.5 2.2 - 43.1
Changes in scope of consolidation 16.9 0.7 - 0.1 0.8 18.5
Acquisitions/Charges to amortization and provisions (10.3) (6.1) (5.9) (0.4) (0.1) (22.8)
Disposals/Reversals of amortization and provisions - - 1.5 - - 1.5
Reclassification of assets held for sale - - - (0.6) - (0.6)
Other changes 2.4 0.9 1.5 0.3 (0.2) 4.9
March 31, 2009 32.0 2.9 7.6 1.6 0.5 44.6
The increase in games recognized under intangible assets for the year ended March 31, 2009 primarily reflects:
the capitalization of €10.9 million worth of in-house development expenditure subsequent to the completion of
the pre-production phase;
the capitalization of €18.4 million in costs relating to development projects outsourced by the Group.
“Changes in scope of consolidation” mainly corresponds to the recognition of Cryptic Studios‟ game development engine
(€8.0 million), as well as the capitalization of games developed by Cryptic Studios whose technical feasibility has been
demonstrated (€5.9 million).
At March 31, 2009, capitalized games-in-progress amounted to €22.9 million (€17.4 million for in-house development
expenditure and €5.5 million for costs relating to outsourced development), compared with €19.0 million one year earlier.
The €17.0 million increase in Licenses reflects the acquisition of licenses by the Group‟s main US subsidiaries.
Other changes during the period primarily correspond to translation adjustments, retirements and reclassifications.
Charges to amortization and provisions for impairment in value of intangible assets recorded in the consolidated income
statement amounted to €69.9 million for the year ended March 31, 2009 compared with €40.1 million for the previous
fiscal year.
The table below shows changes in intangible assets during the year ended March 31, 2008: