Ubisoft 2004 Annual Report Download - page 100

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98
UBISOFT > 2005 FINANCIAL REPORT
Ladies and Gentlemen:
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, 2005, as appended to this report.
The annual accounts have been prepared by the Board of Directors. It is our task to express an opinion on these accounts on
the basis of our audit.
I - Opinion regarding the consolidated accounts
We conducted our audit in accordance with accepted professional standards in France. These standards require due diligence
in order to ascertain with reasonable certainty that the consolidated accounts contain no material anomalies. An audit
consists of the examination, on a sampling basis, of evidence relevant to the amounts and disclosures made in the financial
statements. It alsoinvolves an assessment of the accounting principles applied, the significant estimates made in the
preparation of the financial statements and their overall presentation. It is our view that the audit we have carried out forms
atrue and fair basis for the opinion expressed below.
We hereby certify that, from the standpoint of accounting rules and principles in France, the 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.
II - Basis for assessment
Pursuant to the provisions of Article L. 225-235 of France's Commercial Code regarding the basis for an assessment, we
call your attention to the following items:
Goodwill and brands
The note relating to “Goodwill/Brands” in the section of the explanatory notes titled “Accounting principles” describes the
amortization procedures used for goodwill as well as trademarks and patents posted to assets in the balance sheet.
Our task was to evaluate the data and premises on which these estimates were based and to review the calculations performed
by the company.
As part of our assessment, we verified that these estimates could be considered reasonable.
Commercial software and advances and installments paid
The notes relating to “Commercial software” and “Advances and installments paid” in the section titled “Accounting principles”
describes the procedures used to record additional amortization at the close of the fiscal year.
Our task was to evaluate the data and premises on which these estimates were based and to review the calculations performed
by the company.
As part of our assessment, we verifiedthat theseestimates could be considered reasonable.
Our evaluations were conductedwithin the context of our audit of the consolidated accounts as a whole and in part, and provided
abasis for the opinion that we expressed in the initial portion of this report.
III - Specific audit
We havealso verifiedthe information on the group given in the management report. We have no criticism to make regarding
the accuracy of this information and its consistency with the consolidated accounts.
September 2, 2005
By the statutory auditors
KPMG Audit SARL Audit AMLD
Adivision of KPMG SA
Laurent Prévost André Métayer
Partner Partner
Report on the consolidated account statements
for the fiscal year ending March 31, 2005
3.1