Page 159 - MEDIASET ESPAÑA / 2013. Financial Statements, Management and Corporate Governance Report

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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)
10. EQUITY METHOD INVESTMENTS
The amounts and changes in 2013 and 2012 in the items composing “Equity method investments” are as follows:
Equity method investment
Balance at December 31, 2011 483,087
Increases / decreases -
Equity method investments 8,452
Dividends received (22,101)
Other non-comprehensive income -
Other movements (1,495)
Balance at December 31, 2012 467,943
Increases / decreases 491
Equity method investments (70,745)
Dividends received (2,826)
Other non-comprehensive income -
Other movements -
Balance at December 31, 2013 394,863
2013 dividends corresponded to the La Fábrica de la Tele subsidiary, and share in profit (loss) of associates includes the
results of the Digital+ impairment test.
During 2012, dividends received mainly related to those from DTS Distribuidora de Televisión Digital, S.A. During the
year, an ordinary dividend from 2011 amounting to 8,933 thousand euros was distributed, while another extraordinary
dividend amounting to 11,000 thousand euros was distributed against voluntary reserves, which was recognized as a
reduction of the value of the investment.
In 2012, the Group acquired 34% of Economic Interest Group “Furia de Titanes II” As a result of this investment, tax
deductions and unused tax losses totaling 10,538 thousand euros were generated under the fiscal transparency system
and transferred to “Deferred tax assets”.