Atari 2011 Annual Report Download - page 152

ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
152
The standards of our profession require that we carry out examinations to assess the fairness of the information
on internal control and risk management procedures as they pertain to the preparation and treatment of the
accounting and financial data contained in the chairman’s report. These examinations include:
• reviewing internal control and risk management procedures as they pertain to the preparation and treatment
of accounting and financial data underlying the information presented in the chairman’s report, as well as
existing documents;
• reviewing the process by which the information and existing documents were prepared;
• determining whether any major shortcomings in internal control pertaining to the preparation and treatment of
accounting and financial data detected by us in the course of our assignment are appropriately disclosed in
the chairman’s report.
Based on our examinations, we have no observation to make regarding the information concerning the company’s
internal control and risk management procedures pertaining to the preparation and treatment of accounting and
financial data, as contained in the chairman of the board of directors’ report prepared pursuant to article L.225-37
of the Commercial Code.
Other information
We hereby certify that the chairman of the board of directors’ report contains the other information required by
article L.225-37 of the Commercial Code.
Lyon and Villeurbanne, July 27, 2011
The Auditors
M
AZARS
SA
Jean-Paul Stévenard
D
ELOITTE
&
A
SSOCIÉS
Dominique Valette
RECENT DEVELOPMENTS
PRESS RELEASE OF JULY 18, 2011
REVENUE FOR THE FIRST QUARTER OF FISCAL YEAR 2011/2012
Atari, S.A. announces its consolidated first quarter net revenue for Fiscal Year 2011/2012 (ended June 30,
2011) at €9.2 million, a 36.1% decline at current exchange rates and a 40.3% decline at constant exchange rate.
This decrease was mainly due to the Company’s continued shift toward digital (online, mobile) revenues, fewer
and more profitable retail releases and the strategic exit from the third-party distribution business.
Net revenue breakdown by segment was as follows:
Q1 2011/2012
Q1 2010/2011
Change
Change
M€ % of
revenues M€ % of revenues M€ %
Revenues
9.2
100.0%
14.4
100.0%
-
5.2
-
36.1%
Digital 5.5 59.8% 3.5 24.3% +2.0 +57.1%
Retail 3.7 40.2% 10.9 75.7% -7.2 -66.1%
Note: The net income of Cryptic Studios business, in the process of being disposed as of March 31, 2011, is reported on the line
“discontinued operations” as of April 1, 2009. 2010/2011 and 2011/2012 Group revenues exclude Cryptic Studios business.
Digital revenue, comprised primarily of digital distribution revenues, online, mobile and licensing, was €5.5
million – an increase of €2.0 million over the prior year as the Company continues to expand its business in the
digital space. Digital revenue was 59.8 % of total net revenue as compared to 24.3% in the first quarter of the
prior Fiscal Year.
Retail revenue, comprised primarily of sales to retail stores, decreased by €7.2 million to €3.7 million as
compared to the prior year first quarter primarily due to continued focus on fewer but more profitable products and
the strategic exit from the third-party distribution business. Retail and other revenues were 40.2 % of total net
revenue as compared to 75.7 % in the first quarter of the previous Fiscal Year.
Outlook for 2011/2012
The Company confirms its guidance and expects to report continued improvement in Actual Current Operating
Income in semester 1 and maintain profitability in semester 2 of Fiscal Year 2011/2012, as compared to the