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FINANCIAL STATEMENTS, MANAGEMENT AND CORPORATE GOVERNANCE REPORT.
2011
12. OTHER CURRENT ASSETS
The breakdown of other current assets at 31 December 2011 and 31 December 2010 is as follows:
31/12/2011
31/12/2010
Prepaid expenses
65,525
13,654
Advance commissions
30
12
Total
65,555
13,666
Prepaid expenses relate mainly to retransmission rights for programs which have yet to be broadcast.
13. OTHER CURRENT FINANCIAL ASSETS
The breakdown of other current financial assets at 31 December 2010 and 31 December 2011 is as follows:
31/12/2011
31/12/2010
Short-term investments securities
53,931
25,411
Loans to associates
117
809
Other financial assets
1,742
2,269
Total
55,790
28,489
“Shor t-term investment securities” includes time deposits maturing in 2011 earning market interest rates.
“Other financial assets” mainly includes legal deposits for pending litigation.
14. CASH AND CASH EQUIVALENTS
The breakdown of Cash and cash equivalents at 31 December 2010 and 31 December 2009 is as follows:
31/12/2011
31/12/2010
Cash on hand and at bank
58,574
87,900
Total
58,574
87,900
No restrictions to the availability of balances exist.