Atari 2010 Annual Report Download - page 134

ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
134
STATUTORY AUDITORS' REPORT ON THE FINANCIAL STATEMENTS
Year ended March 31, 2010
This is a free translation into English of the Statutory Auditors’ report issued in French and is provided solely for the convenience of
English speaking readers. The Statutory Auditors’ report includes information specifically required by French law in such reports,
whether qualified or not. This information is presented below the opinion on the financial statements and includes an explanatory
paragraph discussing the auditors’ assessments of certain significant accounting and auditing matters. These assessments were
considered for the purpose of issuing an audit opinion on the financial statements taken as a whole and not to provide separate
assurance on individual account captions or on information taken outside of the financial statements.
This report should be read in conjunction with, and construed in accordance with, French law and professional auditing standards
applicable in France.
To the Shareholders,
In accordance with the terms of our appointment by your shareholders' meetings, we hereby submit to you our report for
the fiscal year ended March 31, 2010 on:
- our audit of Atari’s annual financial statements, as appended to this report;
- the grounds for our opinion;
- the specific verifications and information required by law.
The annual financial statements have been approved by the board of directors. Our responsibility consists of expressing
an opinion on those financial statements, based on our audit.
I. OPINION ON THE ANNUAL FINANCIAL STATEMENTS
We have conducted our audit in accordance with the professional standards applicable in France. Those standards
require that we plan and perform examinations to obtain a reasonable assurance that the financial statements are free
from material misstatements. An audit includes an examination, on a test basis and using other sampling methods, of
evidence supporting the information and amounts reflected in the annual financial statements. It also requires assessing
the accounting principles used and significant estimates made in the preparation of the financial statements, as well as
evaluating their overall presentation. We believe that our audit provides a reasonable basis for the opinion hereunder.
We hereby certify that, based on generally accepted accounting standards in France, the annual financial statements are
consistent and fair and present a true picture of the year’s transactions and of the company’s financial position and
assets at the close of the period.
Without qualifying the above opinion, we wish to call to your attention the uncertainty regarding the going concern
assumption, referred to in note 2.1 to the financial statements.
II. GROUNDS FOR OUR OPINION
Accounting estimates used when preparing the financial statements for March 31, 2010 were conducted in a climate of
high market volatility, at a time when economic forecasts were difficult to make. Those conditions are described in note
2.2 to the financial statements. They were the circumstances in which we conducted our own assessments, as
prescribed by article L.823-9 of the Commercial Code, which form the basis of the opinion expressed herein:
1 Going concern
As indicated in the first part of this report, note 2.1 to the financial statements explains uncertainties regarding the
continued operation of the company. We have examined the measures contemplated in this regard.
Based on our audit and the information that we have received to date and as part of our assessment of the
accounting rules and principles applied by your company, we believe that the note provides proper information
regarding the position of the company in terms of the aforementioned uncertainty concerning its continued operation.
1 Valuation of interests in subsidiaries, receivables from subsidiaries and provisions for losses by subsidiaries
Note 2.2 to the financial statements explains the rules and methods used for measuring and writing down interests in
and receivables from subsidiaries and for recognizing provisions for losses by subsidiaries.
Our audit consisted of assessing the appropriateness of those accounting rules and methods and of examining the
data and assumptions underlying those valuations, as well as of verifying the calculations made and the information
provided in the note.
The above procedures form part of our audit of the annual financial statements as a whole, and accordingly contributed
to our opinion stated in the first part of this report.