Page 150 - MEDIASET ESPAÑA / 2012. Financial Statements, Management and Corporate Governance Report

150
MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
Other current financial assets
This heading primarily reflected the option that Prisa TV granted to Mediaset España whereby, once a year has elapsed
from the date of acquisition of its share in DTS, Distribuidora de Televisión Digital, S.A., it might recognize certain rights
over the management of Digital+.
The price of granting the option was 5,000 thousand euros, which Mediaset paid to PrisaTV at the same time it acquired
its shares.
Mediaset España Comunicación may exercise this option within three months after the first anniversary of the closing of
the transaction. In 2012, the Group chose not to exercise the option, and therefore the above amount was recognized
in the separate income statement.
The stake in Edam Acquisition Holding, Coop. is recognized under “Other financial assets” (Note 10). The carrying
amount of this investment was zero in 2012 and 2011.
12. OTHER CURRENT ASSETS
The breakdown of “Other current assets” at December 31, 2012 and December 31, 2011 is as follows:
12/31/2012 12/31/2011
Prepaid expenses 10,940 65,525
Advance commissions 16 30
Total 10,956 65,555
Prepaid expenses relate mainly to retransmission rights for programs which have yet to be broadcast.
13. OTHER CURRENT FINANCIAL ASSETS
The breakdown of “Other current financial assets” at December 31, 2012 and December 31, 2011 is as follows:
12/31/2012 12/31/2011
Short-term investments securities - 53,931
Loans to associates 313 117
Other financial assets 1,752 1,742
Total 2,065 55,790