Page 14 - MEDIASET ESPAÑA / 2013. Financial Statements, Management and Corporate Governance Report

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MEDIASET ESPAÑA COMUNICACIÓN, S.A.
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Read with the accompanying explanatory notes.
Madrid, February 26, 2014.
Notes 2013 2012
CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax (32,592) 52,545
Adjustments to profit 204,826 127,373
Depreciation and amortization 5,6 188,735 207,489
Impairment losses 6,7 76,832 (10,067)
Changes in provisions (7,579) (4,996)
Gains/(losses) from derecognition and disposal of financial instruments 8 - 5,000
Finance income (57,531) (74,044)
Finance costs 4,369 3,991
Change in working capital (31,546) 11,944
Inventories 9 1,304 1,771
Trade and other receivables (19,314) 38,495
Other current assets (1,026) 54,653
Trade and other payables (13,851) (82,867)
Other current liabilities 1,341 (108)
Other cash flows from operating activities 47,870 57,500
Interest paid (4,369) (3,991)
Dividends received 19 53,095 68,272
Income tax receipts (payments) 4,436 5,772
Other payments (collections) (5,292) (12,553)
CASH FLOWS FROM OPERATING ACTIVITIES 188.558 249.362
(Thousands of euros)
CASH FLOW STATEMENT FOR THEYEAR ENDED DECEMBER 31, 2013 AND 2012
(Thousands of euros)