Ubisoft 2012 Annual Report Download - page 93
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Financial Statements
2012
88
equity. However, for a consideration classified as liabilities, subsequent changes in the fair value of the
contingent consideration are recorded in profit or loss.
When share-based payment rights (replacement rights) are to be given in exchange for rights held by
the acquiree’s employees (rights granted by the acquired company) and these are attributable to pre-
combination service, either all or a portion of the acquirer’s replacement rights is included when
measuring the consideration transferred in the business combination. In order to measure this amount,
the Group compares, at the acquisition date, the market-based values of the replacement rights and
the rights granted by the acquiree, and determines the proportion of services rendered at the
combination date in relation to future services still to be rendered.
Acquisitions completed between January 1, 2004 and January 1, 2010
For acquisitions completed between January 1, 2004 and January 1, 2010, goodwill represents the
excess of the cost of acquisition in relation to the Group’s share in the recognized amounts (usually at
fair value) for assets, liabilities and contingent liabilities.
When the difference is negative, a bargain purchase gain is immediately recognized in profit or loss.
Costs relating to the acquisition, other than those relating to the issuance of debt or equity securities,
that the Group bears due to a business combination are recognized in the acquisition cost.
If an entity is disposed of, related goodwill will be taken into account when determining the loss or gain
resulting from this sale.
Goodwill is not amortized but is subject to impairment tests at least once a year. The methods used in
impairment tests are detailed in the note entitled “Impairment tests on non-current assets”.
Brands
All brands are recognized at their fair value in accordance with the revised version of IFRS 3 on
business combinations or IAS 38 on the acquisition of intangible assets.
Regarding the development policy of the Group’s brands, brands operated by the Group have an
indefinite life. They are not amortized but are subject to impairment tests at least once a year. The
methods used in impairment tests are detailed in the note entitled “Impairment tests on non-current
assets”.
Other intangible assets
Other intangible assets include:
- Office software;
- Information system development costs;
- Commercial software;
- Engines;
- External developments.