Page 11 - MEDIASET ESPAÑA / 2012. Financial Statements, Management and Corporate Governance Report

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FINANCIAL STATEMENTS, MANAGEMENT AND CORPORATE GOVERNANCE REPORT. 2012
Thousands of euros
Notes 2012 2011
OPERATING PROFIT (16,986) 89,439
Finance Income 74,044 70,420
From equity investments 68,272 63,541
In group companies and associates 19 68,272 63,541
From marketable securities and other financial instruments 5,772 6,879
Of group companies and associates 19 5,073 5,486
Of third parties 699 1,393
Finance Cost (3,991) (4,839)
Borrowing from group companies and associates 19 (1,644) (1,654)
Third-party borrowings (2,347) (3,185)
Change in fair value of financial instruments 8 (5,000) -
Trading portfolio and other securities (5,000) -
Exchange gains (losses) (144) 936
Impairment and gains (losses) on disposal of financial instruments 4,622 (7,674)
Impairment losses and losses 4,622 (8,517)
Gains (losses) on disposal and other gains and losses 7 - 843
FINANCIAL RESULT 69,531 58,843
PROFIT BEFORE TAX 52,545 148,282
Income tax 15 11,947 (11,018)
PROFIT FOR THE PERIOD FROM CONTINUING OPERATIONS 64,492 137,264
DISCONTINUED OPERATIONS
Profit/(loss) after tax for the year from discontinued operations - -
PROFIT FOR THEYEAR 64,492 137,264
Read with the accompanying explanatory notes.
Madrid, February 27, 2013.
(Continued)