Ubisoft 2014 Annual Report Download - page 159
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Financial statements
2014
154
Goodwill and other intangible assets with indefinite lives
The Company carries out systematically, at the end of each fiscal year, impairment tests on goodwill
and indefinite useful life assets and also estimates if there is an indication of loss in value of the other
intangible assets, according to the methods described in the section entitled “Non-current assets with
an indefinite useful life (goodwill and brands)” in the explained note “Non-current-assets impairment
tests”. We have examined the procedures for conducting these impairment tests, as well as the
assumptions used, and verified that the note mentioned above provide appropriate information.
Provisions and contingent liabilities
Paragraph 'Provisions' of the explained note describes disputes between the Group and some tax
administrations, in France or abroad.
As part of our assessment of the significant estimates used by your group, we examined the position
of the Group, and where appropriate, consultations with lawyers and tax advisors and we are
confident that section entitled "Provisions" in the explained note provides appropriate information.
Deferred tax assets
Section "Deferred tax assets" in the explained note describes the accounting principles for the
recognition and measurement of deferred tax assets whose recoverability is dependent on the
existence of future profits.
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 financial statements
as a whole, and therefore provided a basis for the opinion expressed in the first part of this report.
3- Specific verification
We have also carried out the specific verification required by law of the information provided in the
Management report of the Group.
We have no comments regarding the accuracy of this information and its consistency with the
consolidated financial statements.
By the statutory auditors
Nantes, May 28
th
, 2014 Rennes, May 28
th
, 2014
KPMG Audit MB Audit
A division of KPMG S.A.
Franck Noël Roland Travers
Partner Partner