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151
FINANCIAL STATEMENTS, MANAGEMENT AND CORPORATE GOVERNANCE REPORT.
2011
(Thousands of euros)
2010
ASSETS EQUITY LIABILITIES INCOME OUTCOME
Premiere Megaplex,S.A. (1)
53
48
5
-
-
EdamAcquisition Holding I
Cooper.U.A.
2,218,300
(729,900)
(*)
3,011,200 1,245,900 (1,329,200)
Pegaso Television, Inc.(1)
23,824
2,814
21,010
843
(2,494)
BigBang Media, S.L.
2,144
1,114
1,030
1,085
761
Producciones Mandarina, S.L.
11,123
4,370
6,753
17,454
3,627
La Fábrica de la Tele, S.L.
19,280 10,385
8,895
35,258
7,061
DTS Distribuidora de TV Digital,
S.A. (**)
1,497,229 1,000,401 496,828 1,027,900 169,251
(**) Audited by Deloitte, S.L.
(1) Unaudited
Changes in the investments accounted for using the equity method are described in Note 1 under changes in the
consolidation scope.
b) Acquisition of DTS, Distribuidora de TV Digital, S.A.
As part of the Prisa TV deal in 2010, the company acquired 22% of DTS, Distribuidora de TV Digital, S.A. (Note 9).
The value of the 22% stake acquired by the Parent in DTS, Distribuidora deTV Digital, S.A was EUR 487,988 thousand.
This value was established in the agreements signed between Mediaset España Comunicación and PRISA TV (see
Note 9) based on the sale transaction of another 22% stake in this company acquired by the Telefónica Group. DTS,
Distribuidora de TV Digital, S.A. and its subsidiaries make up the Digital+ Group.
The par ties involved signed a shareholders’ agreement setting the bases for managing the Digital+ Group once Mediaset
España Comunicación had the ownership interest and the Telefónica Group also held a 22% stake.
The main characteristics of the agreement are:
• The shareholders’ agreement regulates the relationship between Prisa TV, Mediaset España Comunicación and
Telefónica regarding par tners of the Digital+ Group, and specifically, questions regarding the management of the
Digital+ Group as well as its basic governing principles or regulations regarding the ownership and transfer of
shares. It also sets out the composition and operations of the Board of Directors pursuant to this agreement and
the terms of the Option Agreement, under the terms described in Note 11.
• The shareholders also agreed upon a series of increased majorities in the Annual General Meeting and the Board
of Directors’ meeting for cer tain questions considered especially relevant, such as, amendments to the corpo-
rate purpose, bylaws or registered office abroad of the company of its subsidiaries; the acquisition or sale of any
minimum amount of assets outside the Group’s ordinary business, proposed capital increases, mergers, spin-offs,
dissolutions, etc. of any kind; approvals of transactions with related par ties; the appointment and/or change of the
Company’s auditors or those of its subsidiaries; proposals for public offerings or public subscriptions of shares of
the Company or its subsidiaries; the granting of loans or guarantees in favour of third par ties for activities that
are not related to those of the Company or its subsidiaries; and the subscription, modification or termination of
financing agreements of the Company or its subsidiaries.