Ubisoft 2006 Annual Report Download - page 124

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UBISOFT • FINANCIAL REPORT 2007
General report on the fiscal year
ending March 31, 2007
Dear Shareholders,
Pursuant to the assignment entrusted to us by your General Meeting, we hereby present our report for the fiscal year ended
March 31, 2007, with regard to the following:
• the audit of the annual financial statements of Ubisoft Entertainment S.A., as attached to this report;
• the basis for our assessment;
• the specific verifications and information required by law.
The annual financial statements have been prepared by the Board of Directors. It is our task to express an opinion on these
financial statements on the basis of our audit.
I - Opinion regarding the annual financial statements
We have 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 annual financial statements contain no material anomalies.
An audit consists in examining, on a test basis, evidence relevant to the information contained in the financial statements.
It also involves assessing the accounting principles applied, the significant estimates made in preparing the financial
statements and their overall presentation. It is our view that the audit we conducted forms a true and fair basis for the opi-
nion expressed below.
We hereby certify that, from the standpoint of French accounting rules and principles, the annual financial statements give
a true and fair view of the results obtained for the fiscal year in question and of the company’s financial position and assets
at the end of this year.
II - Basis for assessment
Pursuant to the provisions of Article L. 823-9 of the French Commercial Code regarding the basis for an assessment,
we call your attention to the following items:
Securities
The note relating to “Financial assets” in the section of the notes entitled “Accounting rules and methods” describes the
accounting principles for the valuation and depreciation of securities.
As part of our assessment of the accounting rules and principles applied by your company, we have verified the appropriateness
of the accounting methods indicated above and of the information provided in the notes, and have ensured their
correct application.
Commercial software
The note relating to “Commercial software” in the section of the notes entitled “Accounting rules and methods” describes
the accounting principles for the recognition and amortization of commercial software.
As part of our assessment of the accounting rules and principles applied by your company, we have verified the appropriateness
of the accounting methods indicated above and of the information provided in the notes, and have ensured their correct
application.
Our assessments were made within the context of our audit of the annual financial statements as a whole, and therefore
provided a basis for the opinion expressed in the first part of this report.
3.7