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MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
Judging by recent developments in this process (e.g. the creditors’ agreement signed which entails the allocation of the
Group to senior bondholders or its sale to third par ties) and its outlook based on the agreements made once the
need for restructuring was decided, the Company’s directors reversed the debit balance of the “Recyclable reserves in
associates” arising from movements recognised directly in Endemol’s consolidated reserves.This resulted in a loss of EUR
30,414 thousand in the income statement, but did not have any overall effect on the Group’s equity.
This led a change in the accounting treatment of the investment, which was reclassified from“Equity method investments”
to “Other financial assets”.
The breakdown by company of investments accounted for by the equity method is as follows:
COMPANY
Investments accounted
for using the equity
method
Results of companies
accounted for using the
equity method
2011
2010
2011
2010
Premiere Megaplex, S.A.
-
24
-
EdamAcquisition Holding I Cooper. U.A.
-
-
(178,701)
Pegaso Television, Inc.
3,540
3,952
-
(1,531)
Producciones Mandarina, S.L.
1,876
1,311
1,327
1,088
La Fábrica de la Tele, S.L.
3,367
3,116
1,866
2,118
BigBang Media, S.L.
871
334
484
228
DTS Distribuidora de Tv Digital, S.A. (*)
473,433 487,988
3,783
-
Total
483,087 496,725
7,460 (176,798)
Impact of Edam’s removal from the consolidation scope
(30,415)
-
(22,955)
-
(*) Audited by Deloitte
a) Key financial highlights of companies accounted for using the equity method in 2011 and 2010:
(Thousands of euros)
2011
ASSETS EQUITY LIABILITIES INCOME OUTCOME
Pegaso Televisión, Inc. (1)
13,305
(30)
13,335
25
(1,970)
BigBang Media, S.L. (1)
4,991
2,904
2,087
15,911
1,615
Producciones Mandarina, S.L.
11,482
6,255
5,227
33,364
4,423
La Fábrica de la Tele, S.L. (1)
22,482
11,223
11,259
34,364
6,221
DTS Distribuidora de TV Digital,
S.A. (**)
1,423,340 956,226
458,114
984,603
49,806
(**) Audited by Deloitte, S.L.
(1) Unaudited