Atari 2012 Annual Report Download - page 91

ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
91
STATUTORY AUDITORS' REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
Year ended March 31, 2012
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 users. The statutory auditors’ report includes information specifically required by French law in such reports, whether
modified or not. This information is presented below the opinion on the consolidated 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 consolidated financial statements taken as a whole and not to provide
separate assurance on individual account captions or on information taken outside of the consolidated financial statements. This report
should be read in conjunction and construed in accordance with, French law and professional auditing standards applicable in France.
To the Shareholders,
In accordance with our appointment as Statutory Auditors at your Annual General Meeting, we hereby report to you for
the year ended March 31, 2012 on:
 the audit of the accompanying consolidated financial statements of ATARI;
 the justification of our assessments;
 the specific verification required by law.
The consolidated financial statements have been approved by the Board of Directors. Our role is to express an opinion
on these consolidated financial statements, based on our audit.
I. OPINION ON THE CONSOLIDATED FINANCIAL STATEMENTS
We conducted our audit in accordance with professional standards applicable in France. These standards require that
we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are
free of material misstatement. An audit includes examining, using sample testing techniques or other selection methods,
evidence supporting the amounts and disclosures in the consolidated financial statements. An audit also includes
assessing the accounting principles used and significant estimates made, as well as evaluating the overall financial
statement presentation. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
reasonable basis for our opinion.
In our opinion, the consolidated financial statements of the fiscal year, as per IFRS adopted in the European Union, give
a true and fair view of the financial position and the assets and liabilities of the Group and of the results of the group
composed by the consolidated persons and entities.
Without qualifying the above opinion, we draw your attention to:
 the uncertainty in respect of the going concern principle mentioned in Note 2.1.2 to the financial statements:
- describing the main assumptions on which the Company’s Senior Management relied to apply this principle, and
- stating that, should the Company’s financial resources be insufficient, Senior Management believes that the Blue Bay
credit line would be renewed beyond December 31, 2012.
 Also, we draw your attention to the change in accounting method in terms of « Digital» revenues and cost of sales
presentation. This change is described in note 2.1.1 and 2.22.
II. JUSTIFICATION OF ASSESSMENTS
We have conducted our own assessments in accordance with article L. 823-9 of the French Commercial Code (Code de
Commerce), which we bring to your attention:
Going concern principle
As mentioned in the first part of this report, Note 2.1.2 to the financial statements describes the uncertainties surrounding
the Company’s ability to continue as a going concern. We have been led to review the provisions being considered in this
respect. On the basis of our procedures and the information provided to us to date and as part of our assessment of the
accounting methods and principles used by the Company, we believe that the Note to the financial statements provides
relevant information on the Company's position in regard of the above-mentioned uncertainty surrounding the Company’s
ability to continue as a going concern.
Goodwill
The Company tests goodwill for impairment under the methods described in Note 2.12 to the financial statements. The
criteria used and the results of these tests are set out in Note 3.3 to the financial statements. We have reviewed these
methods, the cash flow forecasts and the criteria used, and have verified that Notes 2.12 and 3.3 to the financial
statements provided relevant disclosure.
Intangible assets having an indefinite useful life
The Company tests intangible assets having an indefinite useful life for impairment under the methods described in
Note 2.12 to the financial statements. The results of these tests are set out in Note 4 to the financial statements. We
have reviewed these methods, the cash flow forecasts and the criteria used, and have verified that Notes 2.12 and 4 to
the financial statements provided relevant disclosure.
These assessments were performed as part of our audit approach for the consolidated financial statements taken as a
whole and contributed to the expression of our opinion in the first part of this report.
III. SPECIFIC PROCEDURES
We have also performed the other procedures required by law on the information on the Group given in the management
report, in accordance with professional standards applicable in France.
Except the potential impact of the facts described in part I of this report, we have no matters to report as to its fair
presentation and its consistency with the consolidated financial statements.
Villeurbanne, July 30, 2012
The Statutory Auditors
MAZARS
Christine Dubus
DELOITTE & ASSOCIÉS
Dominique Valette