Ubisoft 2013 Annual Report Download - page 153

Financial Statements
2013
148
COMPARABILITY OF FINANCIAL STATEMENTS
3.5.2
Change in consolidation, valuation and presentation methods
N/A
Change in estimation
N/A
Items affecting comparability
N/A
ACCOUNTING PRINCIPLES 3.5.3
General accounting conventions were applied in accordance with the principle of financial prudence and the
following basic rules:
- going-concern assumption;
- matching principle;
- fair presentation, consistency and accuracy;
- conservatism;
and in accordance with the general rules governing the preparation and presentation of annual financial
statements.
The basic method used to measure items in the financial statements was historical cost.
The accounting methods applied are consistent with industry practice. Ubisoft Entertainment SA’s annual
financial statements comply with the provisions relating to separate financial statements in Regulation CRC
no. 99-03, as ratified by the Decree of June 22, 1999.
ACCOUNTING RULES AND METHODS
3.5.4
Intangible assets
Intangible assets include:
- Commercial software
- Engines
- External developments
- Information system costs
- Office software
- Acquired brands
- Logo
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.