Page 117 - MEDIASET ESPAÑA / 2012. Financial Statements, Management and Corporate Governance Report

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FINANCIAL STATEMENTS AND MANAGEMENT. ANNUAL CORPORATE GOVERNANCE REPORT. BALANCE SHEETS 2012
The accompanying Notes 1 to 26 are an integral part of this consolidated financial statement at December 31, 2012.
(Continued)
12/31/12 12/31/11
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in property, plant, and equipment (Note 6) (6,603) (12,739)
Investment in intangible assets (Note 7) (2,296) (2,828)
Investments in audiovisual property rights (207,990) (166,270)
Disposals of audiovisual rights 2,715 2,816
Disposals of non-current financial assets 45,983 (5,049)
Investments in subsidiaries (9,044) -
Investment in other non-current financial assets 53,725 (27,301)
Dividend received (Note 10) 22,101 35,093
Interest received 2,669 7,268
Net cash flows from investing activities (B) (98,740) (169,010)
CASH FLOW USED IN FINANCING ACTIVITIES
Long term financing 1,258 (23,107)
Interest paid (2,825) (2,887)
Dividends paid (Note 15.2) (55,260) (140,160)
Short term financing (61,718) 16,482
Acquisition of treasury shares (Note 15.4) - -
Net increase in equity - -
Net cash flows used in financing activities (C) (118,545) (149,672)
NET INCREASE/DECREASE IN CASH AND CASH EQUIVALENTS [D=A+B+C] 32,057 (27,770)
Net foreign exchange difference 61 (1,556)
Net change in cash and cash equivalents 32,118 (29,326)
Cash and cash equivalents at beginning of the year (Note 14) 58,574 87,900
Cash and cash equivalents at end of the year (Note 14) 90,692 58,574