Ubisoft 2013 Annual Report Download - page 146

Financial Statements
2013
141
REPORT FOR THE CONSOLIDATED ACCOUNT STATEMENTS
2
FOR THE FISCAL YEAR ENDING MARCH 31, 2013
This is a free translation into English of the statutory Auditors’ report on the consolidated account statements
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, 2013 with regard to the following:
x the audit of consolidated financial statements of Ubisoft Entertainment S.A, as attached to this report;
x the basis for our assessment ;
x the specific verification required by law.
The consolidated financial statements were approved 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 consolidated 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 consolidated 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 IFRS standards as adopted in the European Union, the
consolidated financial statements give a true and fair view of the assets, financial position and results of the
group comprising the consolidated persons and entities.
Without qualifying our opinion above, we draw your attention to paragraph "Change in consolidation method,
evaluation and presentation" in note 1.6.5.1 to the consolidated financial statements describes a change in
accounting method related to the application of the revised IAS 19 "Employee Benefits".
2- Basis for assessment
Pursuant to the provisions of Article L. 823-9 of the French Commercial Code regarding the basis for
assessment, we call your attention to the following items:
Commercial software and external developments
The note relating to « other intangible assets » and “Tests of depreciation of fixed assets - Fixed assets with
a finite useful life” in the section entitled “Accounting principles and valuation 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.