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MEDIASET ESPAÑA COMUNICACIÓN, S.A.
Transactions in foreign currency
The financial statements are presented in thousands of euros, which is the Company’s functional currency.
Monetary items
Transactions in foreign currency are initially recognised at the exchange rate prevailing at the date of the transaction.
Monetary assets and liabilities denominated in foreign currency are translated at the exchange rate prevailing at the
balance sheet date. All exchange gains or losses arising from translation as well as those arise when balance sheet items
settled are recognised in the income statement.
Non-monetary items
Non-monetary items measured at historical cost are translated at the exchange rate prevailing on the date of the
transaction.
Non-monetary items measured at fair value are translated at the exchange rate prevailing when the fair value is
determined.When a gain or loss on a non-monetary item is recognised directly in equity, any exchange component of
that gain or loss is recognised directly in equity. Conversely, when a gain or loss on a non-monetary item is recognised
in profit or loss, any exchange component of that gain or loss is recognised in the income statement.
Income tax
Since 1999, the Company has filed its income tax return on a consolidated basis with two of its subsidiaries: Grupo
Editorial Tele 5, S.A.U. and Estudios Picasso Fábrica de Ficción, S.A.U. In 2000, Agencia de Televisión Latinoamericana de
Servicios y Noticias España, S.A.U., Agencia de Televisión Latinoamericana de Servicios y Noticias Andalucía S.A. and
Agencia deTelevisión Latinoamericana de Servicios y Noticias Levante S.A. were included in the consolidated tax group.
In 2001, Digitel 5 Media, S.A.U. was included.
In 2002, Agencia de Televisión Latinoamericana de Servicios y Noticias Galicia, S.A. and Agencia de Televisión
Latinoamericana de Servicios y Noticias Cataluña, S.A.U. were included.
In 2004, Micartera Media, S.A.U. was included.
In 2004, due to the merger by absorption of Agencia deTelevisión Latinoamericana de Servicios y Noticias Andalucía S.A.,
Agencia de Televisión Latinoamericana de Servicios y Noticias Levante S.A. and Agencia de Televisión Latinoamericana
de Servicios y Noticias Galicia, S.A. into Agencia de Televisión Latinoamericana de Servicios y Noticias Cataluña, S.A.U.,
which subsequently changed its business name to Atlas Media, S.A.U., the acquirees ceased to exist.
In 2005 Publiespaña, S.A.U., Publimedia Gestión, S.A.U. and Advanced Media, S.A.U. were included.
In 2006, Digitel 5 Media, S.A.U. was excluded, since a resolution had been passed in July 2006 to dissolve and liquidate it.
In 2007 Mediacinco Car tera, S.L. was included and Estudios Picasso Fábrica de Ficción, S.A.U. changed its company name
toTelecinco Cinema, S.A.U.
In 2008, Conecta 5 Telecinco, S.A.U. was included.
In 2009, Canal Factoria de Ficción, S.A.U. was included.
In 2010 Advanced Media, S.A.U. was excluded as on 26 March 2010 it was agreed to dissolve and liquidate the company.