Ubisoft 2009 Annual Report Download - page 136
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132
As part of our assessment of the accounting principles applied by your company, we have examined
the correct last fiscal year application and of the information provided in the note « declaration of
conformity ».
- The note “Comparability of financial statements” of the consolidated financial statements describes
the changes in the presentation of income statement according to destination. Pursuant IAS 8, the
comparative information referring the last fiscal year and presented in the consolidated financial
statements, was restated to take into account, in a retrospective way, this change of method of
presentation. Therefore, the comparative information is different to the consolidated financial
statements published for last fiscal year.
As part of our assessment of the accounting principles applied by your company, we have examined
the correct last fiscal year income statement restatement.
Accounting estimates
• The note of the consolidated financial statements « Comparability of financial statements”
describes the method of measurement referring to integration of cost of share-based payments in
the development cost of in-house 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
The company proceeds systematically, at the end of each fiscal year, to an impairment tests on
goodwill and on undefinite useful life assets and also evaluates if there is an indication of loss in value
of other intangible assets, according to the methods described in the explained note “Non-current-
assets impairment tests”. We have reviewed the procedures for conducting these impairment tests, as
well as the cash flow forecasts and assumptions used, and verified that the above note provide
appropriate information.
• Our assessments were made within the context of our audit of the consolidated financial
statements as a whole, and therefore provided a basis for the opinion expressed in the first part of this
report.
3- Specific verification
We have also carried out the specific verification required by law of the information provided in the
Management report of the Group.
We have no comments regarding the accuracy of this information and its consistency with the
consolidated financial statements.
By the statutory auditors
Nantes, June 11, 2010 Rennes, June 11, 2010
KPMG Audit Audit AMLD
A division of KPMG S.A.
Franck Noël Jean-Marc Bresson
Partner Partner