Ubisoft 2002 Annual Report Download - page 83

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2003
83
FINANCIAL
REPORT
Report by the Statutory Auditors
3. Report by the Statutory
Auditors
3.1
Report on the Consolidated Accounts for the
Fiscal Year Ending March 31, 2003
Dear Sir, Madam,
Pursuant to the assignment vested in us by your General Meeting, we have audited the consolidated accounts of Ubisoft
Entertainment SA for the fiscal year ending March 31, 2003,as appended to this report.
The consolidated accounts have been closed by the Board of Directors.It is our duty to express an opinion on these accounts in
the light of our audit.
We have performed our audit according to the professional standards applicable in France.These standards entail the obligation
of due diligence with a view to obtaining reasonable assurance that these consolidated accounts do not contain any significant
anomalies.An audit consists of the examination,on a sampling basis,of evidence relevant to the amounts and to the disclosures
made in the financial statements. It also involves an assessment of the accounting principles applied, of the significant
estimates made in the preparation of the financial statements and of their overall presentation. It is our view that the audit we
have carried out forms a true and fair basis for the opinion expressed below.
We hereby certify that in accordance with generally accepted accounting principles applicable in France, the consolidated financial
statements give a true and fair view of the results obtained for the period in question and of the financial situation and assets
of the consolidated corporate entity at the end of the accounting period.
Without calling into question the opinion expressed above,we draw your attention to the following point set forth in section 2.1
of the explanatory notes to the consolidated accounts,relative to the accounting principles applied.Your company has decided,
beginning with the fiscal year ended March 31,2003,to fund its retirement commitments for its most significant subsidiaries. In
this regard,it has recorded an allocation to a provision in the amount of 300,000 for this fiscal year.
We have also verified the information given in the Group management report.With the exception of the effects of the facts set
forth above,we have no other observation to make on its veracity and agreement with the consolidated accounts.
Rennes and Paris, August 1, 2003
BY THE STATUTORY AUDITORS
André METAYER COMPAGNIE CONSULAIRE
D’EXPERTISE COMPTABLE JEAN DELQUIE
Benoît FLECHON