Page 156 - MEDIASET ESPAÑA / 2012. Financial Statements, Management and Corporate Governance Report

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MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
• As regards commitment (iii), Mediaset España was careful to ensure that positions in Publimedia and Publiiespaña
were not duplicated. Likewise, there has been no indication whatsoever of a failure to meet the obligation to
guarantee the functional or commercial independence of both companies.
• With respect to commitment (vi), Mediaset España has been charged with delay in granting suppliers the right to
reduced contracts, and renouncing extension or preferential acquisition rights which never really existed, considering
the deadlines established to that effect as well as legal suspension periods, as a result of Mediaset’s legitimately filed
appeals. No effect would have been felt on the market, as no suppliers exercised any of the granted rights.
• With respect to commitment (xii), Mediaset España renounced all the pertinent option rights included in contracts
with producers, while fulfilling its other related obligations; thus, it did not fail to comply with any of the stated
conditions.
Mediaset España provided information in conformance with the Action Plan, responded to CNC requirements, and took
all the necessary steps expected of it. None of the supposed delays or problems in delivering information represents a
material failure to comply with the established commitments.
Therefore, Mediaset España plans to file an appeal and prepare a resolution before the National Court of Justice,
to request the suspension of the fine, in accordance with articles 46 and 129 and Law 29/1998, dated July 13, which
regulates the Federal Court of Appeals on Commercial Matters.
As in the previous dossier, the accompanying consolidated balance sheet does not include a provision for this contingency,
as the directors and legal advisors do not consider it likely that this risk will arise.
As explained in Note 19.2, the Group is open to inspection of certain tax returns; however, the parent’s directors and
tax advisors consider that no significant tax contingencies will materialize, and if they do, they will not have a significant
effect on the accompanying consolidated statement of financial position.
17. OTHER NON-CURRENT LIABILITIES
The breakdown of “Other non-current liabilities” is as follows:
Balance at 12/31/12 Balance at 12/31/11
Advances received on loans - 94
Other payables 240 189
Total 240 283