Ubisoft 2008 Annual Report Download - page 210

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UBISOFTANNUAL REPORT 2009
2.4 Auditor’s General report on the scal year ending
March 31, 2009
Sir, Madam,
Pursuant to the assignment entrusted to us by your General Meeting, we hereby present our report for the scal year ended March
31, 2008, with regard to the following:
• the audit of the annual nancial statements of Ubisoft Entertainment S.A., as attached to this report;
• the basis for our assessment;
• the specic verications and information required by law.
The annual nancial statements have been prepared by the Board of Directors. It is our task to express an opinion on these nancial
statements on the basis of our audit.
1 - Opinion regarding the annual nancial 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 nancial statements contain no material anomalies. An audit consists
in verifying, on a test basis or by means of other methods of selection, elements to the amounts and information contained in the
nancial statements. It also involves assessing the accounting principles applied, the signicant estimates reserves and the global
presentation of the nancial statements. It is our view that the elements that we collected are sufcient and adapted to base our
opinion.
We hereby certify that, from the standpoint of French accounting rules and principles, the annual nancial statements give a true
and fair view of the results obtained for the scal year in question and of the company’s nancial position and assets at the end
of this year.
Without contesting our opinion above, we draw your attention to the note relating to "Comparability of nancial statements” which
describes changes in accounting processing of engagements concluded within the framework from the license agreements.
2 - 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:
Comparability of nancial statements
As part of our assessment of the accounting rules and principles applied by your company, we ensured ourselves of the base of
the change in accounting processing of engagements concluded within the framework from the license agreements.
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.
Our work consisted to assess the information and assumptions on which are based these estimates, to check the calculations made
by the rm, to compare the accounting estimates of the last periods with the reality. As part of our assessment, we have ensured
the appropriateness of these estimates.
Equity investments
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 veried the appropriateness of
the accounting methods indicated above and of the information provided in the notes, and have ensured their correct application.
This is a free translation into English of the statutory Auditors’ general report issued in the French language and is provided solely for the convenience
of English speaking readers. This report should be read in conjunction with, and construed in accordance with, French law and professional auditing
standards applicable in France.