Ubisoft 2012 Annual Report Download - page 105

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Financial Statements
2012
100
Sensitivity of recoverable amounts
On the basis of foreseeable events to date, the Group considers that potential changes in the
assumptions described in note 1.6.5.3 “Impairment tests on non-current assets” would not lead to a
surplus in the carrying amount compared with the recoverable value.
Discount rate that would lead to a depreciation of a goodwill assigned to each CGU "distribution activity present in
the country" is
Nature of tested CGU or groupe of
CGU
Discount rate 03/31/12
Discount rate that would lead to a
depreciation
Germany
9.62%
18.86%
Canada
9 .62%
253%
United States
9 .62%
142.03%
France
9 .62%
17.73%
Netherlands
9 .62%
10.50%
Switzerland
9 .62%
10.02%
Discount rate that would lead to a depreciation of goodwill of companies whose games are distributed
by all subsidiaries of distribution of the Group (tested at the level of the UGT "Group") is 13.70%, a
higher rate of 400 bp to the rate adopted by the Direction for the implementation of the impairment test
as at 03/31/2012 (9.62%).
Note 2. Other intangible assets
Non-current assets
At 03/31/12
At 03/31/12
At 03/31/11
Gross
Depreciation
and
amortization
Net
Net
Released commercial software
604,575
541,357
63,218
48,856
Released external developments
230,161
222,056
8,105
4,706
Commercial software and external developments in progress
362,465
21,100
341,365
296,662
Office software
41,956
25,322
16,634
9,117
Other intangible assets in progress
1,511
-
1,511
6,454
Brands
86,956
-
86,956
85,587
Movies
2,601
-
2,601
223
Other
331
269
62
96
TOTAL
1,330,556
810,104
520,452
451,701
Non-current assets
Opening
balance
Increase
Decrease
Reclassification
of software in
progress
Reclassifications
Changes
in scope
Translation
adjustments
Closing
balance
Released commercial
software
601,270
304,665
223,876
(77,811)
-
148
179
604,575
Released external
developments
236,094
32,096
73.723
35,695
-
-
(1)
230,161
Commercial software and
external developments in
progress
317,662
-
-
42,116
-
2,687
-
362,465
Office software
40,611
6,163
11,886
6,009
44
1,015
41,956
Other intangible assets in
progress
6,454
3,190
-
-
(8,132)
-
(1)
1,511
Brands*
85,587
10
-
-
-
-
1,359
86,956
Movies
223
2,378
-
-
-
-
-
2,601
Other
331
-
-
-
-
-
-
331
Total at 03/31/12
1,288,232
348,502
309,485
-
(2,123)
2,879
2,551
1,330,556
Total at 03/31/11
1,313,634
325,228
352,394
-
3,408
177
(1,822)
1,288,232
* All brands have an indefinite useful life
The increase of €304,665 thousand in released commercial software is due to capitalized production costs of
€301,359 thousand, adding acquisitions amounting to €300 thousand, repayments of €2,109 thousand, translation adjustments
amounting to €(166) thousand and capitalization for share-based payments costs to R&D staff in the amount of
€5,281 thousand.
Reclassifications between accounts result from the transfer of intangible assets in progress.