Ubisoft 2012 Annual Report Download - page 161

Financial Statements
2012
156
4 AUDITOR’S GENERAL REPORT ON THE FISCAL YEAR
ENDING MARCH 31, 2012
This is a free translation into English of the statutory Auditors’ general report 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 General Meeting, we hereby present our report for
the fiscal year ended March 31, 2012, with regard to the following:
 the audit of the annual financial statements of Ubisoft Entertainment S.A., as attached to this
report;
 the basis for our assessment;
 the specific verifications and information required by law.
The annual 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 annual 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 annual 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 French accounting rules and principles, the annual
financial statements give a true and fair view of the results obtained for the fiscal year in question and
of the company’s financial position and assets at the end of this year.
2- Basis for assessment
Pursuant to the provisions of Article L. 823-9 of the French Commercial Code regarding the basis for
an assessment, we call your attention to the following items:
Commercial software and external developments.
The note relating to « intangible assets » in the section entitled “Accounting rules and methods”
describes the accounting principles for the valuation and the depreciation of commercial software and
external developments.
Our work consisted to assess the information and assumptions on which are based these estimates,
to check the calculations made by the company, to compare the accounting estimates of the last
periods with the reality. As part of our assessment, we have ensured the appropriateness of these
estimates and reviewed the procedures for approval of these assumptions by the management.