Ubisoft 2008 Annual Report Download - page 152
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150
UBISOFTANNUAL REPORT 2009
2.1.5.7 Notes to the balance sheet
Note 1. Goodwill
GOODWILL
Opening Increases Decreases Changes in scope Translation
adjustments
Closing
Gross 84,471 3,298 - 6,152 5,737 99,658
Impairment 95 - - - 18 113
Net at March 31, 2009 84,376 3,298 - 6,152 5,755 99,545
Net at March 31, 2008 77,374 - - 13,929 -6,927 84,376
The increase in goodwill over the period is attributable to the entries into the consolidation scope described in paragraph 2.1.5.3.
Net goodwill broke down as follows as of March 31, 2009:
COMPANY
03.31.08
Net
Increases Translation
adjustments
03.31.09
Net
Ubisoft Inc 178 178
Ubisoft Ltd 896 -111 785
Ubisoft GmbH 12,805 12,805
Red Storm Entertainment Inc 34,766 6,539 41,305
Ubisoft Spa 3,215 3,215
Ubisoft Canada Inc 1,655 -45 1,610
Tiwak SAS 760 760
Ubisoft Divertissements Inc 412 -11 401
Blue Byte GmbH 3 3
Ubisoft France SAS 10,103 10,103
Ubisoft BV 2,294 2,294
Ubisoft Warenhandels GmbH 442 442
Ubi Games SA 1,311 51 1,362
Ubisoft Entertainment Ltd 1,607 -179 1,428
Ubisoft Nagoya KK 1,176 1,176
Sunflowers Entertainment GmbH 12,753 12,753
Ubisoft Entertainment India Private Ltd - 1,144 -16 1,128
Hybride Technologies Inc - 4,760 -212 4,548
Ubisoft Entertainment Sweden Ltd - 2,123 -177 1,946
Ubisoft Entertainment Ltda - 1,107 -105 1,002
Ubisoft Vancouver Inc - 316 -15 301
84,376 9,450 5,719 99,545
As of March 31, 2009, no impairment tests had led to the recognition of any impairment.
Sensitivity of recoverable amounts
On the basis of predictable events to date, the Group considers that potential changes in the assumptions described above would
not lead to a surplus in the carrying amount compared to the recoverable value.
A 210 points change in the discount rate would lead to depreciation as a result of loss in the recoverable value of goodwills.
A 218 points change in the discount rate would lead to depreciation as a result of loss in the recoverable value of business assets.