Ubisoft 2009 Annual Report Download - page 135

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2.2 Report for the consolidated account statements for the
fiscal year ending March 31, 2010
This is a free translation into English of the statutory Auditors’ report on the consolidated account
statements 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.
Dear Shareholders,
Pursuant to the assignment entrusted to us by your Board of Directors, we hereby present our report
for the fiscal year ended March 31, 2010 with regard to the following:
• the consolidated financial statements of Ubisoft Entertainment S.A, as attached to this report;
• the basis for our assessment ;
• the specific verification required by law.
The consolidated 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.
1-Opinion regarding the consolidated 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 consolidated
financial 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
financial statements. It also involves assessing the accounting principles applied, the significant
estimates reserves and the global presentation of the financial statements. It is our view that the
elements that we collected are sufficient and adapted to base our opinion
We hereby certify that, from the standpoint of IFRS standards as adopted in the European Union, the
consolidated financial statements give a true and fair view of the assets, financial position and results
of the group comprising the consolidated persons and entities.
Without contesting our opinion above, we draw your attention to the note “Comparability of financial
statements” to the consolidated financial statements which describe:
- The change on accounting methods referring the use of the new standards IFRS 8 and IAS 1
revised, and the changes on presentation method of the income statement according to destination;
- The method of measurement referring to integration of cost of share-based payments in the
development cost of in-house software.
2 - Basis for assessment
The actual economic crisis impacts firms on their activity. The accounting measurements concerning
the achievement of the consolidated financial statements as 31st March, 2010 were made in that
context.
Pursuant to the provisions of Article L. 823-9 of the French Commercial Code regarding the basis for
assessment, we call your attention to the following items:
Changes in accounting methods
- The note « declaration of conformity » of the consolidated financial statements detailed the change in
accounting method further the application of the new standards IFRS 8 about operating segments
and the standard IAS 1 (revised) about the presentation of Financial Statements