Ubisoft 2016 Annual Report Download - page 154

Financial statements
5Statutory Auditors’ report on theconsolidated fi nancial statements
5.2 Statutory Auditors’ report on theconsolidated
financial statements
This is a free translation into English of the statutory auditors’ report on the consolidated fi nancial 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 fi nancial year ended March 31, 2016,
with regard to:
♦ the audit of the consolidated fi nancial statements of Ubisoft Entertainment SA, as attached to this report;
♦ the basis for our assessment;
♦ the specifi c verifi cation required by law.
The consolidated fi nancial statements were approved by the Board of Directors. It is our task to express an opinion on these fi nancial
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 fi nancial statements contain no material misstatements. 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 fi nancial statements. It also involves assessing the accounting principles applied, the signifi cant estimates used and the overall
presentation of the fi nancial statements. It is our view that the elements that we collected are suffi cient and adapted to base our opinion.
We hereby certify that, from the standpoint of IFRS standards as adopted in the European Union, the consolidated fi nancial statements
give a true and fair view of the assets, fi nancial position and results of the group comprising the consolidated persons and entities.
Without calling into question the opinion expressed above, we wish to draw your attention to the “Comparability of fi nancial statements”
note in the Accounting principles and measurement methods section of the notes to the consolidated fi nancial statements which sets
out the impacts of IFRIC 21 on levies.
❙ 2. BASIS FOR ASSESSMENT
Pursuant to the provisions of Article L. 823-9 of the French Commercial Code regarding the basis for our assessment, we call to your
attention the following items.
Commercial software and external software developments (commercial software)
The section relating to “Other intangible assets” in the “Accounting principles and measurement methods” note to the consolidated fi nancial
statements describes the accounting principles for the valuation and depreciation of commercial software and external developments.
Our work consisted of assessing the information and assumptions on which these estimates are based, checking the calculations made
by the Group, comparing the accounting estimates of previous periods with reality and reviewing the approval procedures of these
estimates by the management.
- Registration Document 2016
152