Ubisoft 2014 Annual Report Download - page 158

Financial statements
2014
153
2 REPORT FOR THE CONSOLIDATED ACCOUNT
STATEMENTS FOR THE FISCAL YEAR ENDING MARCH 31,
2014
This is a free translation into English of the statutory Auditors’ report on the consolidated account
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 fiscal year ended March 31, 2014 with regard to the following:
 the audit of consolidated financial statements of Ubisoft Entertainment S.A, as attached to this
report;
 the basis for our assessment ;
 the specific verification required by law.
The consolidated financial statements were approved by the Board of Directors. It is our task to
express an opinion on these financial 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
financial statements contain no material anomalies. 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
financial statements. It also involves assessing the accounting principles applied, the significant
estimates reserves and the global presentation of the financial statements. It is our view that the
elements that we collected are sufficient and adapted to base our opinion.
We hereby certify that, from the standpoint of IFRS standards as adopted in the European Union, the
consolidated financial statements give a true and fair view of the assets, financial position and results
of the group comprising the consolidated persons and entities.
2- Basis for assessment
Pursuant to the provisions of Article L. 823-9 of the French Commercial Code regarding the basis for
assessment, we call your attention to the following items:
Commercial software and external developments
The note relating to « other intangible assets » and “Tests of depreciation of fixed assets - Fixed
assets with a finite useful life” in the section entitled “Accounting principles and valuation methods”
describes the accounting principles for the valuation and the depreciation of commercial software and
external developments.
Our work consisted to assess the information and assumptions on which are based these estimates,
to check the calculations made by the company, to compare the accounting estimates of the last
periods with the reality. As part of our assessment, we have ensured the appropriateness of these
estimates and reviewed the procedures for approval of these assumptions by the management.