Basic HTML Version
43
FINANCIAL STATEMENTS, MANAGEMENT AND CORPORATE GOVERNANCE REPORT.
2011
A breakdown of the loans extended to the group companies at 31 December 2011 and 31 December 2010 are as
follows:
Thousands of euros
2011
2010
Mediacinco Cartera, S.A.
-
111,644
Conecta 5 Telecinco, S.A.
2,626
-
Telecinco Cinema. S.A.U.
973
4,153
Sogecable Media, S.L.U.
136
-
3,735
115,797
Interest rates on these loans are EURIBOR plus a market spread.
The breakdown of “Loans to associates” at 31 December 2011 and 2010 is as follows:
Thousands of euros
2011
2010
PegasoTelevisión Inc
3,410
-
3,410
-
Interest rates on these loans are EURIBOR plus a market spread.
7.2 Significant movements
7.2.1. Equity instruments
a) Main changes in the year ending 31 December 2011
Mediacinco Cartera, S.L. capital increase
In 2011, in order to a restore its equity, the Company under took the following transactions:
• A share capital reduction of EUR 236,996 thousand to offset losses.
• A share capital increase for a nominal EUR 47 thousand with a share premium of EUR 189,953 thousand in
compensation of par ticipating loans.
Mediaset España Comunicación, S.A., owner of 75% of Mediacinco Car tera, S.L., assumed its share of the previous
transactions, as did the other shareholder, Mediacinco Cartera, S.L.
The par ticipating loans held by Mediaset España Comunicación, S.A. and conver ted into equity amounted to EUR
142,500 thousand before conversion.
Acquisition of the remaining 50% of Premiere Megaplex, S.A.
On 28 November 2011, the Company acquired the 50% of Premiere Megaplex, S.A. it did not already own for EUR 24
thousand.This gave it 100% ownership of Premiere Megaplex, S.A.