Atari 2011 Annual Report Download - page 85
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ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
85
NOTE 22 – DISCONTINUED OPERATIONS
22.1. PROFIT (LOSS) FROM DISCONTINUED OPERATIONS
As described in Note 1.5, Atari declared their intent to sell Cryptic within semester 1 of Fiscal Year 2011/2012. In
accordance with IFRS 5, profit (loss) from discontinued operations includes the results of Cryptic Studios both for the
period ended March 2010 and 2011 and the results all of the Group’s video game retail distribution activities in Europe,
Asia, Africa, the Middle East and South America only for the year ended March 31, 2010. The income statements of
these activities are included in "Profit (loss) from discontinued operations" in Atari SA's consolidated income statement
and break down as follows:
(€ million) Year ended
March 31, 2011 Year ended
March 31, 2010
Net income (loss) for the year attributable to equity holders of the parent (6.2) (19.4)
Income tax (0.7) 0.7
Minority interests - (3.8)
Share of profit of associates - -
Profit (loss) from discontinued operations (5.3) 9.1
Pre-tax profit (12.2) (13.4)
Theoretical income tax benefit (expense) 4.1 4.5
Impairment of goodwill -
Other permanent differences (1.2) (5.6)
Use of deferred tax assets on prior-year losses 0.4 -
Deferred tax assets recognized on prior-year losses - -
Deferred tax assets not recognized for the period and restriction of recognition of deferred
tax assets (3.2) (9.4)
Effect of variations in tax rates betw een countries 0.6 0.8
Effect of changes in tax rates - -
Use of previously unrecognized deferred tax assets and tax loss carryforw ards - -
Share-based payments - 0.5
Other (tax credits, etc.) - 8.5
Actual income tax expense 0.7 (0.7)
(€ million) Year ended
March 31, 2011 Year ended
March 31, 2010
Revenue from discontinued operations 15.9 30.8
Cost of goods sold (3.9) (22.2)
Gross profit 12.0 8.6
Research and development expenses (15.3) (18.1)
Marketing and selling expenses - (8.0)
Overhead and administrative expenses (1.4) (8.3)
Current operating income (loss) - Discontinued operations (4.6) (25.9)
Gains (losses) from disposals of assets* - 13.3
Restructuring costs - (0.1)
Other income (expenses) - (0.2)
OPERATING INCOME (LOSS) - Discontinued operations (4.6) (12.9)
Cost of debt - (0.4)
Other financial income (expense) (0.6) (0.3)
Income tax (0.1) 4.5
PROFIT (LOSS) FROM DISCONTINUED OPERATIONS (5.3) (9.1)