Ubisoft 2009 Annual Report Download - page 144
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140
For purposes of the hedging thus established, income and expenses on financial derivatives are
recognized as financial income and are offset against the income and expenses arising on the hedged
items.
The transactions attached to hedging derivatives (mostly USD) are recognized in operating income at
the hedge rate. The difference between the historical rate of the hedged transaction and the relevant
hedging rate is recognized in financial income.
Provisions for risks and charges
Provisions for risks and charges are recognized where risks and charges that have a clearly defined
object, but that are not certain to arise, are made likely by events that have occurred or are in
progress.
At March 31, 2010, provisions for risks and charges exclusively concern unrealized losses on non-
hedge transactions.
Regulated provisions
The regulated provisions correspond:
‐ to the acquisitions costs incorporated in the cost price of the non-voting shares. These costs
are deducted in tax terms over 5 years by means of accelerated tax depreciation.
‐ to the development expenditure of software. The company decides to adopt the tax option and
the immediate deductibility of the expenditure for the development of software according to
article 236 of the CGI.