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MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
2. Indirect ownership through Mediacinco Cartera, S.L.
COMPANY
2011 2010 LINE OF BUSINESS
EdamAcquisition Holding I
Coöperatief U.A.
Flevolaan 41 a
1411 KC Naarden, Ámsterdam(*)
33% 33%
Holding company for the investment in the
Endemol Group, which produces and operates
content for television and other audiovisual
platforms.
(*) Transferred to “Non-current financial assets” in 2011.
These companies are accounted for using the equity method, since the Group is not a majority shareholder and does
not exercise control.
None of these companies is publicly listed.
In accordance with what is established in the Spanish Corporation Law, the Parent has duly notified the investees of its
acquisition of their share capital. It has no commitments which could lead to contingent liabilities with respect to these
companies.
2. BASIS OF PRESENTATIONAND COMPARABILITY OF THE
CONSOLIDATED FINANCIAL STATEMENTS
2.1. Fair presentation and conformity with International Financial
Reporting Standards
The Group’s consolidated financial statements for 2011 were formally prepared:
• By the directors, at the Board of Directors Meeting held on 22 February 2012.
• In accordance with International Financial Repor ting Standards (IFRSs) as adopted by the European Union, in
conformity with Regulation (EC) no. 1606/2002 of the European Parliament and of the Council.
• Taking into account all the mandatory accounting policies and rules and measurement bases with a material effect
on the consolidated financial statements, as well as the alternative treatments permitted by the relevant standards
in this connection, which are specified in these Notes to the consolidated financial statements.
• The consolidated financial statements have been prepared on a historical cost basis, except for derivative financial
instruments and available for sale financial assets that have been measured at fair value.
• So that they present fairly the Group’s consolidated equity and financial position at 31 December 2011 and the
results of its operations, the changes in consolidated equity and the consolidated cash flows in the year then ended.
• On the basis of the accounting records kept by the Company and by the other Group companies.
The company is the parent company of a Group and in accordance with International Financial Repor ting Standards
adopted by the European Union it is required to prepare a set of consolidated financial statements under IFRS-EU as it
is a listed group.