Ubisoft 2009 Annual Report Download - page 87

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83
2.1.6 Notes to the consolidated financial statements
The notes and tables that follow are presented in thousands of euros, unless expressly stated otherwise.
2.1.6.1 Company presenting the consolidated financial statements
Ubisoft Entertainment is domiciled in France.
The consolidated financial statements for the year ended March 31, 2010 cover Ubisoft Entertainment and its
subsidiaries (collectively referred to as "the Group") together with interests in associates.
The consolidated financial statements were approved by the Board of Directors on May 18, 2010 and will be
presented to the General Shareholders' Meeting on July 2, 2010.
2.1.6.2 Highlights of the financial year
N/A
2.1.6.3 Changes in the consolidation scope
October 2009: Acquisition of the video games developer Nadeo in France
This new studio represents a major step in Ubisoft’s development in the field of online games. It is wholly owned
by Ubisoft Entertainment SA.
The goodwill amounts to €5,552 million and mainly represents human capital, which could not be identified
separately. The following assets and liabilities were included on the date when the company was consolidated (in
€ thousand):
03.31.10
Net assets and liabilities acquired 2,331
Goodwill 5,552
Identifiable assets 2,000
Deferred taxes on identifiable assets -667
Consideration paid in cash 9,216
Cash acquired 399
Opening of subsidiaries:
- July 2009: creation of the studio Ubisoft Design Montpellier SARL
- July 2009: creation of the studio Ubisoft Toronto Inc.
- November 2009: creation of the subsidiary Ubisoft Talent Management SARL
- December 2009: creation of the subsidiary Ubisoft IT Project Management SARL
- January 2010: creation of the studio Ubisoft Innovation SARL
- March 2010: creation of the studio Ubisoft Créa SARL