MEDIASET ESPAÑA
            
            
              COMUNICACIÓN, S.A.
            
            
              (FORMERLY GESTEVISIÓN
            
            
              TELECINCO, S.A.)
            
            
              AND SUBSIDIARIES
            
            
              Consolidated Financial Statements for the year ended
            
            
              31 December 2011, prepared in accordance with
            
            
              International Financial Reporting Standards (IFRS)
            
            
              as adopted by the European Union
            
            
              and Directors’ Repor t.