Ubisoft 2013 Annual Report Download - page 101
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Financial Statements
2013
96
ACCOUNTING PRINCIPLES AND VALUATION METHODS
1.6.5
COMPARABILITY OF FINANCIAL STATEMENTS 1.6.5.1
Change in consolidation method, evaluation and presentation
Anticipated application of the revised IAS 19:
March 31, 2013, the Ubisoft Group early adopted the revised IAS 19. The only related change is the
booking of remeasurement impacts from employee benefits under defined contribution plan, in other
comprehensive income, which was previously booked on result. Regarding the marginal impact on
result and comprehensive income from March 2012 closing, no comparativ information has been
done.
Change in estimation:
N/A
Items affecting comparability of financial statements
Business combinations in FY2011-2012 (Owlients SAS and Redlynx Oy) and the business
combination of FY2012-2013 (THQ Montreal) have no significant impact on the financial statements of
the Group. Therefore no pro forma financial information is required.
PREPARATION BASIS 1.6.5.2
Measurement bases
The consolidated financial statements have been prepared using the historical cost method, with the
exception of the following assets and liabilities, which are measured at fair value: derivatives, financial
instruments held for trading and available-for-sale financial assets.
Operating and presentation currency
The consolidated financial statements are presented in euros, which is the parent company's
operating currency. All financial data presented in euros are rounded to the nearest thousand.
Use of estimates
Preparation of consolidated financial statements in accordance with IFRS requires the Group’s
management to make estimates and assumptions that affect the application of the accounting
methods and the amounts recognized in the financial statements.
These estimates and the underlying assumptions are established and reviewed continuously on the
basis of past experience and other factors considered reasonable in light of the circumstances. They
therefore serve as a basis for the calculation of the carrying amounts of assets and liabilities that
cannot be obtained from other sources. Actual values may differ from estimates.
Both the estimates presenting a significant risk of changes in future years and the judgments made by
the management when applying IFRS, and likely to have a significant impact on the financial
statements, are presented in the following notes: