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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)
Of the total amount recognized under “Non-current assets - Audiovisual rights” in the consolidated statement of
financial position at December 31, 2013, the Group estimates that their consumption over the upcoming year will be
approximately 75%, which is the same as the previous year.
Provisions at the end of 2013 relate to the net carrying amount of rights which, although they expire after December
31, 2013, are not included in the Group’s future broadcasting plans at the date of authorization for issue of these
consolidated financial statements. Should one of the Group’s networks exercise these broadcasting rights, the provision
would be reversed and the right would be amortized for the amount of the reversal.This would not have an impact on
the consolidated separate income statement.
Therefore, the balance of this provision relates basically to the adjustment required to determine the carrying amount
of the library.The provision recognized in the consolidated separate income statement at December 31, 2013 and 2012
amounted to 5,260 thousand euros and 1,833 thousand euros, respectively.
At December 31, 2013, there were firm commitments to acquire audiovisual property rights commencing on or after
January 1, 2014 for a total amount of $21,607 thousand and 182,713 thousand euros. The commitments at year end
2012 amounted to $83,939 thousand and 186,814 thousand euros.
Advances were paid in respect of these firm audiovisual purchase commitments, which at December 31, 2013, totaled
2,016 thousand euros, as well as $352 thousand. Advances paid in 2012 amounted to 2,254 thousand euros.
At the statement of financial position date there were commitments to purchase co-production rights, available from
January 1, 2014, for a total amount of 28,340 thousand euros (2012: 9,811 thousand euros).
At December 31, 2013, advances of 1,176 thousand euros had been paid in connection with these firm commitments
to purchase co-production rights (2012: 380 thousand euros).
The Group had firm commitments to purchase distribution rights commencing on or after January 1, 2014 for a total
amount of 3,500 thousand euros. At December 31, 2012, firm commitments to purchase distribution rights amounted
to 1,303 thousand euros.
Advances of 2,925 thousand euros had been paid in connection with firm distribution right purchase commitments at
December 31, 2013 (2012: 130 thousand euros).
Advances were also paid for fiction-based series amounting to 5,025 thousand euros during 2013 (2012: 190 thousand
euros).
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