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MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
The balance of the loan was classified as current due to its maturity.
Accrued interest on this loan in 2011 amounted to EUR 602 thousand. Accrued interest in 2010 amounted to EUR
497 thousand.
•
Bank borrowings
This heading includes two bank loans that mature in 2012 and bear interest at Euribor plus a market spread, in keeping
with the borrower’s solvency.The credit limits on the non-current borrowings are EUR 333 million for 2011, of which
no amounts were drawn down, and EUR 118 million for 2010.
18. SHORT-TERM PROVISIONS
This detail of “Shor t-Term Provisions” is as follows:
Balance at
31/12/10
Additions Applications Reversions Transfers
Inclusion in
consolidated
scope
(Note 9)
Balance
at
31/12/11
Provisions for
sales volume
rebates
57,407
56,866
(56,567)
-
(49)
57,657
Provisions for
contingences
19
(11)
-
8
57,426
56,866
(56,578)
(49)
57,665
Balance at
31/12/09
Additions Applications Reversions Transfers
Inclusion in
consolidated
scope
Balance at
31/12/10
Provisions for
sales volume
rebates
27,226
38,665
(26,992)
-
-
18,508
57,407
Provisions for
contingences
30,244
16,353
(8,105)
(33,363)
(5,110)
-
19
57,470
55,018
(35,097)
(33,363)
(5,110)
18,508
57,426
Shor t-term provisions for liabilities were reduced considerably in 2010, due to the following:
On 31 May Mediaset signed an agreement withAIE (Spanish Management Company ofActors,Musicians and Performers)
resolving the differences between them regarding the remuneration of publicly broadcast audiovisual recordings. The
of reversals in 2010 mostly related to this agreement.With this settlement agreement, with effect from 1 January 1995
to 31 December 2010, the parties agreed to terminate the various lawsuits and appeals they had initiated, respectively.