Atari 2012 Annual Report Download - page 84

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ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
84
semester 1 of Fiscal Year 2011/2012. In accordance with IFRS 5, profit (loss) from discontinued operations includes the
results of Eden and Cryptic Studios both for the period ended March 2011 and March 2012. 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:
A discontinued operation is defined as such when the entity that was sold or is classified as held for sale:
- Represents a separate major line of business or a distinct geographical area of operations,
- Is part of a coordinated plan to dispose of a separate major line of business or geographical area of operations, or
- Is a subsidiary acquired exclusively for resale IFRS 5 § 32.
Eden is now the only development studio within the group, and therefore meets the criteria for representation of a
separate business. In addition, the group has communicated its willingness to sell the company. See Note 1 on
significant events.
The group's strategy of focusing on more profitable activities had already been responsible for the sale of Cryptic
development studio, already classified under IFRS 5 for the year 2010/2011. The result of the sale of Cryptic is also
classified in income from discontinued operations.
22.2. ASSETS AND LIABILITIES HELD FOR SALE
In March 2012, the company decided to begin the process of divesting itself of Game One. The €1.9 million which was
the value as of March 31, 2012 corresponds to the Company’s joint venture stake in Game One’s shares. See Note 27.1
for the Company’s disposition of this asset.
For more information, please refer to Note 27,Subsequent Events.
(€ million)
Year ended
March 31, 2012
Year ended
March 31, 2011
Revenue from discontinued operations
4,5 15,9
Cost of goods sold (1,5) (3,9)
Gross profit 3,0 12,0
Research and development expenses (4,4) (16,8)
Marketing and selling expenses - -
Overhead and administrative expenses (2,6) (1,7)
Current operating income (loss) - Discontinued operations (4,0) (6,5)
Gains (losses) from disposals of assets* 2,8 -
Restructuring costs (3,2) -
Other income (expenses) -
OPERATING INCOME (LOSS) - Discontinued operations (4,4) (6,5)
Cost of debt -
Other financial income (expense) (0,1) (0,7)
Income tax 0,7
PROFIT (LOSS) FROM DISCONTINUED OPERATIONS (4,5) (6,5)
(€ million)
Year ended
March 31, 2012
Year ended
March 31, 2011
Goodw ill, net
- 19,7
Intangible assets
- 20,1
Property, plant and equipment
0,1 0,4
Non-current financial assets, net
1,9 0,6
Other non-current assets
- -
Deferred tax-assets, net
- -
Non-current assets 2,0 40,8
Inventories, net
- -
Trade receivables
- 0,4
Current tax assets
- -
Other current assets
1,1 0,4
Cash and cash equivalents
0,1 0,7
Current assets 1,2 1,5
Assets held for sale 3,2 42,3