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FINANCIAL STATEMENTS, MANAGEMENT AND CORPORATE GOVERNANCE REPORT.
2011
When the carrying amount of the assets provided by the acquirer as compensation is not the same as their fair value, if
applicable, the related difference is recognised in the income statement.
Related-party transactions
Related-party transactions are measured according to the valuation methods described above.
The prices of related-party transactions are adequately documented; hence the Company’s directors consider there to
be no risk of significant liabilities arising from these.
In mergers, the acquiree’s assets and liabilities are measured at the related amount in the Group’s consolidated financial
statements.
Classification of current and non-current assets and liabilities
Assets and liabilities are classified in the balance sheet as current and non-current. Accordingly, assets and liabilities are
classified as current when they are associated with the Company’s operating cycle and it is expected that they will be
sold, consumed, realised or settled within the normal course of that cycle; if they differ from the aforementioned assets,
and are expected to mature, to be sold or settled within one year ; if they are held for trading or are cash and cash
equivalents whose use is not restricted to one year.
Audiovisual rights, classified as intangible assets, are included in full as non-current assets. Note 6 details those which the
Company expects to use within a period of less than 12 months.
Environmental issues
In view of the business activities carried out by the Company, it does not have any environmental liability, expenses, assets,
provisions or contingencies that might be material with respect to its equity, financial position or results.Therefore, no specific
environmental disclosures have been included in these notes to the financial statements.
Termination benefits
In accordance with prevailing labour legislation, the Company is required to pay indemnities to employees who are
dismissed under cer tain circumstances. Reasonably quantifiable indemnity payments are recognised as an expense in
the year in which the Company creates a valid expectation on the par t of the affected third par ties that the dismissals
will occur.
5. PROPERTY, PLANT AND EQUIPMENT
The breakdown and movements in property, plant and equipment in 2011 and 2010 were as follows: