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MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
23.7 Exchange differences
The breakdown of the exchange differences in 2011 and 2010 is as follows:
(Thousands of euros)
2011
2010
Exchange gains
4,061
135
Exchange losses
(2,505)
(528)
Total
1,556
(393)
The foreign currency transactions, which related to the acquisition of audiovisual proper ty rights and distribution rights,
amounted to USD 116 million in 2011 (2010: USD 35 million).
In addition, the balance of the trade payables for purchases of audiovisual proper ty rights includes EUR 49,137 thousand
denominated in US dollars in 2011 (2010: EUR 12,951 thousand).
Trade receivables for sales and services includes EUR 80 thousand denominated in US dollars in 2011 (2010: EUR 57
thousand).
23.8. Operating leases
The breakdown of “Operating Leases” in 2011 and 2010 is as follows:
(Thousands of euros)
2011
2010
Minimum lease payments under operating leases
recognised in profit or loss
1,492
474
1,492
474
The future operating lease obligations assumed by the Group fall due at one year and are for amounts similar to those
for 2011.
24. EARNINGS PER SHARE
The calculation of the weighted average number of shares outstanding and diluted at 31 December 2011 and 2010 is
as follows:
31/12/11
31/12/10
Total shares issued
406,861,426
406,861,426
Less: treasury shares
(6,419,259)
(3,567,996)
Total shares outstanding
400,442,167
403,293,430
Dilutive effect of share options and free delivery of shares
1,171,096
(2,189,138)
Total number of shares for calculating diluted earnings per share
401,613,263
405,482,568