Ubisoft 2014 Annual Report Download - page 126
Download and view the complete annual report
Please find page 126 of the 2014 Ubisoft annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
 |
 |
Financial statements
2014
121
1.6.7 NOTES TO THE BALANCE SHEET
Note 1. Goodwill
Goodwill
Opening
balance
Increase
Decrease
Changes in scope
Translation
adjustments
Closing
balance
Net
145,919
-
(19,110)
16,581
(5,055)
138,335
Net at 03/31/14
145,919
-
(19,110)
16,581
(5,055)
138,335
Net at 03/31/13
147,773
831
(4,774)
-
2,089
145,919
The change in goodwill, at constant exchange rates, can be attributed to the acquisition of Related
Designs Software GmbH, Future Games of London Ltd and Digital Chocolate Inc. These effects are
offset by the price adjustment following the completion of estimates of future results at the level of the
“Edition/Production” CGU and by a partial write-off following a review of operating activities on March
31, 2014(see note 21).
The net carrying amount of goodwill as at March 31, 2014, is allocated as follows:
CGU
At 03/31/13
Increase
Decrease
Translation
adjustments
At 03/31/14
Net
Net
Edition/Production
112,357
16,581
(9,260)
(3,975)
115,703
Distribution Germany
6,231
6,231
Distribution France
10,103
10,103
Distribution Netherlands
2,294
2,294
Distribution Switzerland
1,692
1,692
Total distribution EMEA
20,320
20,320
Distribution Canada
1,840
(266)
1,574
Distribution United States
11,402
(9,850)
(814)
738
Total distribution North America
13,242
(9,850)
(1,080)
2,312
TOTAL
145,919
16,581
(19,110)
(5,055)
138,335
Impairment tests of goodwill
The result of impairment tests on goodwill attached to the most significant CGUs is detailed in the
table below:
Type of CGU or group of CGUs
tested
Measurement
method
Discount rate
Perpetuity
growth rate
Carrying
amount
Recoverable
value
Distribution Germany
DCF
8.89%
1.50%
6
21
Distribution France
DCF
8.89%
1.50%
10
21
Distribution Netherlands
DCF
8.89%
1.50%
2
7
Distribution Switzerland
DCF
8.89%
1.50%
2
2
Distribution Canada
DCF
8.89%
1.50%
2
62
Distribution United States
DCF
8.89%
0%
1
1
The discounted value from Edition/Production’s cash flows is more than twice the accounted value
from assets tested.
Sensitivity of recoverable amounts
On the basis of foreseeable events to date, the Group considers that potential changes in the
assumptions described in Note 1.6.5.3 “Impairment testing of non-current assets” would not lead to a
surplus in the carrying amount compared with the recoverable value.