Page 127 - 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.
(Continued)
12/31/13 12/31/12
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in property, plant, and equipment (Note 6) (4,355) (6,603)
Investments in audiovisual property rights (188,192) (207,990)
Disposals of audiovisual rights 462 2,715
Investment in intangible assets (Note 7) (2,273) (2,296)
Disposals of non-current financial assets (101) 45,983
Investments in associates (492) (9,044)
Investment in other current and non-current financial assets 1,313 53,725
Dividend received 2,826 22,101
Interest received 415 2,669
Net cash flows from investing activities (B) (190,397) (98,740)
CASH FLOW USED IN FINANCING ACTIVITIES
Long term financing 3,222 1,258
Interest paid (2,998) (2,825)
Dividends paid (Note 15.2) - (55,260)
Short term financing 397 (61,718)
Net cash flows used in financing activities (C) 621 (118,545)
NET INCREASE/DECREASE IN CASH AND CASH EQUIVALENTS
[D=A+B+C] 21,928 32,057
Net foreign exchange difference 154 61
Net change in cash and cash equivalents 22,082 32,118
Cash and cash equivalents at beginning of the year (Note 14) 90,692 58,574
Cash and cash equivalents at end of the year (Note 14) 112,774 90,692
(Expressed in thousand of euros)
CONSOLIDATED STATEMENT OF CASH FLOWAT 31 DECEMBER 2013 AND 2012
(Expressed in thousand of euros)