Ubisoft 2016 Annual Report Download - page 155

Financial statements
5
Statutory Auditors’ report on theconsolidated fi nancial statements
Goodwill and other intangible assets with indefi nite lives
At the end of each period, the Company systematically performs impairment tests on goodwill and assets with indefi nite useful lives and
also assesses whether there is any indication of impairment losses in respect of other intangible assets, in accordance with the methods
described in the “Goodwill” and “Brands” sections of the “Accounting principles and measurement methods” note to the consolidated
fi nancial statements. We have examined the procedures for conducting these impairment tests, as well as the assumptions used, and
verifi ed that the note mentioned above provide appropriate information.
Provisions and contingent liabilities
The “Provisions and contingent liabilities” section of the notes to the consolidated fi nancial statements describes disputes between the
Group and certain tax administrations, in France or abroad.
As part of our assessment of the signifi cant estimates used by your Group, we have examined the position of the Group, and where
appropriate, consultations with lawyers and tax advisors and we are confi dent that the “Provisions and contingent liabilities” section of
the notes to the consolidated fi nancial statements provides appropriate information.
Deferred tax assets
The “Deferred tax assets” section of the notes to the consolidated fi nancial statements describes the accounting principles for the
recognition and measurement of deferred tax assets whose recoverability is dependent on the existence of future profi ts.
Our work consisted in assessing the data and assumptions on which management estimates are based, to discuss the modalities of
implementation of these estimates and verify that the note mentioned above provides appropriate information.
Our assessments were made within the context of our audit of the consolidated fi nancial statements as a whole, and therefore provided
a basis for the opinion expressed in the fi rst part of this report.
❙ 3. SPECIFIC VERIFICATION
We have also carried out the specifi c verifi cation required by law of the information provided in the Management report of the Group.
We have no matters to report regarding the accuracy of this information and its consistency with the consolidated fi nancial statements.
Statutory Auditors
Rennes, June 20, 2016
KPMG Audit
Division of KPMG S.A.
MB Audit
Vincent Broyé
Partner
Roland Travers
Partner
- Registration Document 2016 153