Page 126 - MEDIASET ESPAÑA / 2013. Financial Statements, Management and Corporate Governance Report

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MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
The accompanying Notes 1 to 26 are an integral part of this consolidated financial statement at December 31, 2013.
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12/31/13 12/31/12
CASH FLOWS FROM OPERATING ACTIVITIES
Net profit before tax -2,284 52,332
Adjustment for:
Amortization of audiovisual property rights (Note 8) 173,927 210,469
Depreciation and amortization charge (Note 6 and 7) 18,076 15,929
Result of companies accounted for using the equity method ( Note 10) 70,745 (8,452)
Change in provisions for contingencies and charges (14,994) (4,989)
Proceeds from disposal of non-current assets - (64)
Net finance income (Note 23.6) 3,111 3,907
Net exchange differences (Note 23.7) 154 61
Disposals of other assets 338 7,308
Impairment of other financial assets 94 1,019
Profits from operations before changes in working capital 249,167 277,520
Change in operating assets and liabilities net of the impact of acquisition of new investments
Inventories 1,276 1,743
Accounts receivable (12,931) 28,960
Other current assets (4,183) 50,631
Accounts payable (20,638) (87,597)
Other current liabilities 12,886 (2,121)
Change in provisions (15,849) (7,242)
Cash flows from operating activities 209,728 261,894
Taxes paid at sources 1,976 (12,552)
Net cash flows from operating activities (A) 211,704 249,342
(Expressed in thousand of euros)
CONSOLIDATED STATEMENT OF CASH FLOWAT 31 DECEMBER 2013 AND 2012
(Expressed in thousand of euros)