Ubisoft 2014 Annual Report Download - page 127

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Financial statements
2014
122
The discount rate that would lead to a depreciation of a goodwill assigned to each CGU is as follows:
Type of CGU or group of CGUs tested
Discount rate 03/31/14
Discount rate leading to a
depreciations
Distribution Germany
8.89%
48.21%
Distribution France
8.89%
26.16%
Distribution Netherlands
8.89%
25.89%
Distribution Switzerland
8.89%
9.74%
Distribution Canada
8.89%
N/A
A discount rate of 17.3% would lead to a depreciation of others tested goodwill.
Note 2. Other intangible assets
Non-current assets
At
03/31/14
At
03/31/14
At
03/31/13
Gross
Depreciation and
amortization
Net
Net
Released commercial software
623,107
(561,296)
61,811
94,614
Released external software developments
148,107
(145,576)
2,531
2,916
Commercial software in production
418,503
(32,673)
385,830
293,628
External software developments in progress
50,270
(10,248)
40,022
46,430
Office software
45,067
(34,660)
10,407
12,494
Other intangible assets in progress
9,076
-
9,076
3,390
Brands
84,565
(5,681)
78,884
87,240
Movies
15,831
(6,161)
9,670
6,474
Other
797
(505)
292
29
TOTAL
1,395,323
(796,800)
598,523
547,215
Non-current assets
Opening
balance
Increase
Decrease
Reclassification
of software in
progress
Reclassifications
Changes
in scope
Translation
adjustments
Closing
balance
Released commercial
software
607,716
10,016
(250,146)
255,066
-
595
(140)
623,107
Released external
software developments
235,781
7,829
(121,408)
25,965
-
7
(67)
148,107
Commercial software in
production
316,525
354,410
-
(253,472)
-
1,002
38
418,503
External software
developments in progress
46,430
32,815
(28,861)
-
-
(114)
50,270
Office software
45,663
4,161
(5,851)
3,006
20
(1,932)
45,067
Other intangible assets in
progress
3,390
8,461
-
-
(2,766)
-
(9)
9,076
Brands
87,921
-
(1,580)
-
(104)
-
(1,672)
84,565
Movies
6,474
9,357
-
-
-
-
-
15,831
Other
331
332
-
-
104
37
(7)
797
Total at 03/31/14
1,350,231
427,381
(378,985)
(1,302)
240
1,661
(3,903)
1,395,323
Total at 03/31/13
1,330,556
382,444
(367,061)
-
-
2,535
1,757
1,350,231
* The change in scope relates to the acquisition of the company Future Games of London Ltd & the company Digital Chocolate Inc.
The increase in commercial software in production of €354,410 thousand and in released commercial software of €10,016
thousand can be explained by the capitalized production costs of €365,613 thousand to which are added acquisitions of €75
thousand, repayments of €1,787 thousand and translation adjustments of €525 thousand. Reclassifications between accounts
result mainly from the transfer of intangible assets in progress.