Ubisoft 2008 Annual Report Download - page 194

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UBISOFTANNUAL REPORT 2009
2.3.5.3 Accounting principles
General accounting conventions were applied in accordance with the principle of conservatism and the following basic rules:
• Going-concern assumption,
• Matching principle,
• Fair presentation, consistency and accuracy,
• Conservatism,
and in accordance with the general rules governing the preparation and presentation of annual nancial statements.
The basic method used to measure items in the nancial statements was historical cost.
The accounting methods applied are consistent with industry practice. Ubisoft Entertainment SA’s annual nancial statements comply
with the provisions on separate nancial statements in Regulation CRC n°99-03, as ratied by the Decree of June 22, 1999.
2.3.5.4 Accounting rules and methods
Intangible assets
Intangible assets include:
• Logos,
• Acquired brands,
• Ofce software,
• Information system costs,
• Commercial software,
• External developments.
Accounting and later evaluation
Brands:
Any brands acquired are recognised at cost.
Commercial software and external developments:
Commercial software is that developed by the Group's own studios, while external software developments are those of studios
from outside the Group.
Commercial software and external developments are capitalised when they meet the denition of an asset as per CRC regulation
2004-06, and are measured at production cost.
Development costs subcontracted to Group subsidiaries are recognised as subcontracting expenses and transferred to non-current
assets via a capitalised production costs account.
On release date, development costs of commercial software and external developments recognised in “intangible assets in progress”
as development progresses, are transferred to "released software" or "external developments".