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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)
If, in a subsequent period, the amount of the impairment loss decreases and the decrease can be related objectively
to an event occurring after the impairment was recognized, the previously recognized impairment loss is reversed,
to the extent that the carrying value of the asset does not exceed its amortized cost at the reversal date. Any
subsequent reversal of an impairment loss is recognized in profit or loss.
In relation to trade receivables, a provision for impairment is made when there is objective evidence (such as the
probability of insolvency or significant financial difficulties of the debtor) that the Group will not be able to collect all
of the amounts due under the original terms of the invoice.The carrying amount of the receivable is reduced through
use of an allowance account. Impaired debts are derecognized when they are assessed as uncollectible.
•
Available-for-sale financial investments
If an available-for-sale asset is impaired, an amount comprising the difference between its cost (net of any principal
payment and amortization) and its current fair value, less any impairment loss previously recognized in profit or loss,
is transferred from equity to profit or loss. Reversals of impairment losses on debt instruments are reversed through
profit or loss; if the increase in fair value of the instrument can be objectively related to an event occurring after the
impairment loss was recognized in the separate income statement.
4.12. Inventories
The cost of producing in-house productions is determined taking into account all the costs allocable to the product
incurred by the Group. Advances paid for programs are also included.
The production costs are expensed when the related programs are broadcast.
4.13. Cash equivalents
The cash equivalents comprise mainly short-term deposits,short-termmarketable bills and notes,short-term government
bonds and other money market assets maturing at three months or less.
4.14. Grants
The amounts received are recognized where there is reasonable assurance that the grant will be received and all
attached conditions will be complied with.
The difference between the nominal value and the fair value of the loan is deducted from the carrying amount of the
related asset and is allocated to the separate income statement according to financial criteria.
4.15. Treasury shares
Own equity instruments which are reacquired (treasury shares) are recognized at cost and deducted from equity. No
gain or loss is recognized in the separate income statement on the purchase, sale, issue or cancellation of the parent’s
own equity instruments. Voting rights related to treasury shares are nullified for the Group and no dividends are
allocated to them.
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