Ubisoft 2012 Annual Report Download - page 141
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Financial Statements
2012
136
Subsequent accounting and valuation:
Brands:
Any brands acquired are recognized at cost.
Commercial software and external developments:
Commercial software is developed by the Group’s own studios, while external software
developments are those of studios from outside the Group.
Commercial software and external developments are capitalized when they meet the definition of an
asset as per CRC regulation 2004-06 and are valued at production cost.
Development costs subcontracted to Group subsidiaries are recognized as subcontracting expenses
and transferred to “intangible assets in progress” via a capitalized production costs account. The
same accounting method is applied to external developments.
On their release date, the development costs of Commercial software and external developments,
recognized as “intangible assets in progress” as development progresses, are transferred to
”released Commercial software” or “released external developments”.
Depreciation, amortization and value impairment methods
Amortization method
Value impairment method
Acquired brands
No amortization due to
indefinite useful life
Impairment tests are carried out on brands
at the end of each fiscal year or more often if
there are indications of loss in value. The
recoverable value of brands is defined using
the royalty method to forecast sales
associated with the brand tested (taking a
final value into account). Impairment is
recognized when this value is below the net
accounting value.
Office software
1 year, straight-line
No impairment test in the absence of any
index of loss in value.
Information system
costs
5 years, straight-line
No impairment test in the absence of any
index of loss in value.
Commercial software
2 or 3 years, straight-line,
starting on the commercial
release date
At the end of each year and for each
software program, expected cash flows are
calculated (over a maximum period of 2
years). When these flows are below the net
accounting value of the software, impairment
is recognized.
Engines
Straight-line over the useful
life between 3 and 5 years
No impairment test in the absence of any
indication of impairment
External developments
According to the sold
quantities and the royalty
rates specified in the
contracts.
At the end of each year and for each
software program, expected cash flows are
calculated (over a maximum period of 2
years). When these flows are below the net
accounting value of the software, impairment
is recognized.
According to the regulations on depreciation and impairment of assets, the Group is requested to
periodically revise its depreciation periods based on the observed useful life.