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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)
In the free-to-air window, the amortization of the rights is recognized in the separate income statement under
“Amortization of audiovisual property rights” in the same way as in the case of audiovisual property rights, as detailed
in the related note to these consolidated financial statements.
4.7.5. Master copies and dubbing
These items relate to the material supporting the audiovisual property rights and the cost of dubbing original versions,
respectively.
They are measured at cost and the related amortization is recognized at the same rate as the amortization of the
audiovisual property rights with which they are associated.
4.7.6. Retransmission rights
The costs for the rights to broadcast sport are recognized under “Procurements” in the separate income statement at
the cost stipulated in the agreement. The costs are recognized when each event is broadcast. Advance payments are
recognized in the statement of financial position under other current assets.
4.8. Business combinations and goodwill
Business combinations are accounted for using the acquisition method. The cost of the business combination is
determined by measuring the identifiable assets acquired and liabilities assumed at their acquisition-date fair values. For
each business combination, the acquirer measures the non-controlling interest in the acquiree either at fair value or at
the proportionate share of the acquiree’s identifiable net assets.The acquirer shall account for acquisition-related costs
as expenses in the income statement, as incurred.
When the Group acquires a business, it assesses the identifiable assets acquired and liabilities assumed for appropriate
classification and designation in accordance with the contractual terms, economic conditions, its operating or accounting
policies, and other pertinent conditions at the acquisition date.
If the business combination is achieved in stages, the Group remeasures its previously held equity interest in the acquiree
at its acquisition-date fair value and recognizes the resulting gain or loss, if any, in profit or loss.
Any contingent consideration the Group transfers is recognized at fair value at the acquisition date. Subsequent changes
in the fair value of contingent consideration classified as an asset or liability will be recognized in accordance with IAS
39, with any resulting gain or loss recognized either in profit or loss or in other comprehensive income. If the contingent
consideration is classified as equity, it should not be remeasured and its subsequent settlement is accounted for within equity.
Goodwill is initially measured at cost, being the excess of the aggregate of the consideration transferred and the amount
recognized for non-controlling interests over the fair value of the identifiable assets and liabilities measured as such in
the acquiree. If this consideration is lower, the difference is recognized in the separate income statement.
After initial recognition, goodwill is measured at cost less any accumulated impairment losses. Goodwill is reviewed for
impairment annually or more frequently if events or changes in circumstances indicate that the carrying amount may
be impaired.
For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date,
allocated to each of the Group’s cash-generating units or groups of cash-generating units expected to benefit from the
combination’s synergies, irrespective of whether other Group assets or liabilities are assigned to those units or groups
of units.
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