Page 182 - 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)
(Thousands of euros)
Bank borrowings
Bonds and other
marketable debt
securities
Payables, derivatives
and other financial
assets
Total
2013 2012 2013 2012 2013 2012 2013 2012
Current financial liabilities
Trade and other payables 678 226 - - 215,727 246,851 216,405 247,077
Liabilities at fair value
through profit or loss
Held for trading - - - - - - - -
Others - - - - - - - -
Derivatives - - - - 777 417 777 417
TOTAL 678 226 - - 216,504 247,268 217,182 247,494
TOTAL 678 226 - - 216,689 247,508 217,367 247,734
In 2013, existing credit facilities were renewed and extended up to a total of 360,000 thousand euros. These bear
interest at IBOR plus a market spread in line with Company solvency. At the end of 2013, no amounts had been drawn
down on the existing credit lines, which is a great boost to the Company’s year-end working capital.
360,000 thousand euros of these lines of credit fall due between 2014, 2015, and 2016.
At year-end 2012, the Company had credit facilities amounting to 345,000 thousand euros; no amounts had been drawn
down.
These financial liabilities are classified in the statement of financial position as follows:
2013 2012
Other non-current liabilities (Note 17) 185 240
Payable to related parties (Note 25.1) 43,068 44,427
Accounts payable for purchases and services 102,052 121,330
Accounts payable for audiovisual rights 59,749 68,866
Other non-trade payables 12,313 12,871
217,367 247,734
There are no significant differences between the fair value and the net carrying amounts of financial assets and liabilities
at December 31, 2013 and 2012.
(Continued)