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MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
NOTES TOTHE CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2013
(Expressed in thousand of euros)
At the date of authorization for issue of these consolidated financial statements, the Group had applied all the mandatory
IFRSs and interpretations adopted by the European Union (IFRS-EU) and in force for annual periods beginning on or
after January 1, 2013.
In accordance with mercantile legislation, for comparative purposes, figures for both 2013 and 2012 are presented
for each of the captions included in the consolidated statement of financial position, consolidated separate income
statement, consolidated statement of changes in equity and consolidated cash flow statement. In the explanatory
notes quantitative information for 2012 is also included, unless an accounting standard specifically states that this is not
required.
2.2. Changes in accounting policies
a)  EU-approved standards and interpretations applicable for the first time in 2013
The accounting policies used to prepare the accompanying consolidated financial statements are the same as those
used to prepare the consolidated financial statements for the year ended December 31, 2012, as no new accounting
principles, interpretation, or amendments applicable for the first time this year has had an effect on the Group.
b)  Standards and interpretations published by the IASB, but not yet applicable
in this period
The Group intends to adopt these standards, interpretations, and amendments thereof published by the IASB
but not considered mandatory in the European Union at the date these consolidated financial statements were
prepared. However, they will be applied when they come into force. Based on the information available to date,
the Group believes that their first-time application will not have a material impact on the consolidated financial
statements.
2.3. Responsibility for the information and use of estimates
The information in these financial statements is the responsibility of the Company’s directors.
In preparing the Group’s consolidated financial statements for 2013, certain estimates and assumptions were made on
the basis of the best information available at December 31, 2013 on the events analyzed. However, events that take place
in the future might make it necessary to change these estimates (upwards or downwards) in coming years. Changes
in accounting estimates would be applied prospectively, in accordance with the requirements of IAS 8, recognizing the
effects of the change in estimates in the related consolidated income statements.
Estimates and assumptions are reviewed on an ongoing basis.The impact of changes in accounting estimates is recognized
in the period in which the estimates are changed if they affect only that period or in the period of the changes and future
periods if they affect both current and future periods.The main hypothesis and assumptions regarding future events and
other uncertain sources of estimates at the date of preparation of the financial statements that may cause corrections
to assets and liabilities are as follows.
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