Ubisoft 2016 Annual Report Download - page 125

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Financial statements
5
Consolidated fi nancial statements asatMarch31, 2016
Impairment tests of goodwill
The result of impairment tests on goodwill attached to the most signifi cant CGUs is detailed in the table below:
Type of CGU or group of CGUs tested
Measurement
method Discount rate Perpetuity
growth rate
Carrying amount
as at 03/31/16
(in €millions)
Recoverable
value
(in€millions)
Publishing/production DCF 8.14% 1.5% 58 384
Distribution
Distribution Germany DCF 8.14% 1% 6 6
Distribution France DCF 8.14% 1% 10 9
Distribution Canada DCF 8.14% 1% 2 21
Production/distribution DCF 8.14% [1% to 1.5%] 43 96
Sensitivity of recoverable amounts
On the basis of foreseeable events to date, the Group considers that potential changes in the assumptions described in Note 5.1.6
“Impairment testing of non-current assets” would not lead to a surplus in the carrying amount compared with the recoverable value.
The table below shows the discount rate and EBIT changes required for an impairment to be recognized for material CGUs not impaired
at March 31, 2016:
Type of CGU or group of CGUs tested
Discount rate
leading to an
impairment
EBIT growth rate
leading to an
impairment
Publishing/production 10.16% -11.0%
Production/distribution 57.47% -83.7%
NOTE2 OTHER INTANGIBLE ASSETS
Non-current assets
At 03/31/16 Depreciation
and
amortization
At 03/31/16 At 03/31/15
NetGross Net
Released commercial software 813,715 700,243 113,472 63,988
Released external software developments 72,646 64,354 8,292 10,996
Commercial software in production 397,318 29,992 367,326 351,560
External software developments in progress 28,977 6,017 22,960 28,494
Offi ce software 64,017 45,785 18,232 19,665
Other intangible assets in progress 5,121 - 5,121 5,667
Brands 77,675 1,538 76,137 81,124
Released movies 15,922 13,922 2,000 1,196
Movies in production 34,009 - 34,009 9,353
Other 467 414 53 182
TOTAL 1,509,867 862,265 647,602 572,225
- Registration Document 2016 123