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145
FINANCIAL STATEMENTS, MANAGEMENT AND CORPORATE GOVERNANCE REPORT.
2011
ACCUMULATEDAMORTISATION
Audiovisual
property rights
(175,040) (71,234)
66,094
-
-
(180,180) (126,534) 99,576 (45,833) (252,971)
Master copies
(11)
(1)
4
-
-
(8)
(0)
1
-
(7)
Dubbing
(6,527)
(950)
273
-
-
(7,204)
(714)
89
-
(7,829)
Co-production
rights
(104,664) (14,995)
-
-
-
(119,659)
(6,021)
-
-
(125,680)
In-house rights
(900,953) (68,249)
-
-
-
(969,202) (86,691)
8,755 (96,938) (1,144,076)
Distribution rights
(11,496)
-
-
-
-
(11,496)
-
-
-
(11,496)
Other ancillary
work
(745)
(3)
-
-
-
(748)
-
-
-
(748)
Start-up costs
(153)
(1)
-
-
-
(154)
-
1
-
(153)
Total accumulated
depreciation
(1,199,589) (155,433) 66,371
-
-
(1,288,651) (219,960) 108,422 (142,771) (1,542,960)
Provisions
(12,689)
(360)
11,271
-
-
(1,778)
(8,341)
1,100 (8,522) (17,541)
Total Audiovisual
rights
193,988 (10,849)
7,902
-
74,301
265,343 (2,188)
(1,716)
(479)
260,960
Of the total amount recognised under “Non-current assets - Audiovisual rights” in the consolidated statement of
financial position at 31 December 2011, the Group estimates a slightly higher percentage than that estimated for the 12
months subsequent to year-end 2010 of 35%.
Provisions at the end of 2011 relate to the net carrying amount of rights which, although they expire after 31 December
2011, are not included in the Group’s future broadcasting plans at the date of authorisation for issue of these consolidated
financial statements. Should one of the Group’s networks exercise these broadcasting rights, the provision would be
reversed and the right would be amor tised for the amount of the reversal. This would not have an impact on the
consolidated separate income statement.
Therefore, the balance of this provision relates basically to the adjustment required to determine the carrying amount
of the library.The provision recognised in the consolidated separate income statement at 31 December 2011 and 2010
amounted to EUR 8,341 thousand and EUR 360 thousand, respectively.
At 31 December 2011, there were firm commitments to acquire audiovisual proper ty rights commencing on or after
1 January 2012 for a total amount of USD 153,587 thousand and EUR 139,836 thousand. The commitments at 2010
year-end amounted to USD 135,858 thousand and EUR 235,628 thousand.
At 31 December 2011, advances of EUR 4,587 thousand had been paid in connection with these firm commitments to
purchase audiovisual property rights.The advances paid in 2010 amounted to EUR 4,969 thousand.
At the statement of financial position date there were commitments to purchase co-production rights, available from
1 January 2012, for a total amount of EUR 34,347 thousand. The commitments at 2010 year-end amounted to EUR
36,577 thousand.
At 31 December 2011, advances of EUR 31,532 thousand had been paid in connection with these firm commitments
to purchase co-production rights.The advances paid in 2010 amounted to EUR 28,836 thousand.
The Group had firm commitments to purchase distribution rights commencing on or after 1 January 2012 for a total
amount of EUR 2,800 thousand. At 31 December 2010, firm commitments to purchase distribution rights amounted
to EUR 125 thousand.
(Continued)