Page 25 - MEDIASET ESPAÑA / 2013. Financial Statements, Management and Corporate Governance Report

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MEDIASET ESPAÑA COMUNICACIÓN, S.A.
NOTES TOTHE FINANCIAL STATEMENTS FOR THEYEAR ENDED DECEMBER 31, 2013
(Thousands of euros)
Ratio
Buildings 4 %
TV equipment 20 %
Plant 10 %
Tools 20 %
Automobile-related material 14-15 %
Furniture 10 %
Data-processing equipment 25 %
Sundry inventoriable materials 20 %
The Company reviews the assets’ residual value, useful lives and the depreciation methods of property, plant and
equipment at year end and adjusts them prospectively where applicable.
Impairment of non-current non-financial assets
The Company assesses at least at each year end whether there is an indication that a non-current asset or, where
applicable, a cash-generating unit may be impaired. If any such indication exists, and in all events when goodwill or
intangible assets have indefinite useful lives, the Company estimates the asset’s recoverable amount.
The recoverable amount is the higher of the fair value less cost to sell and the value in use.When the carrying amount
of an asset or CGU exceeds its recoverable amount, the asset is considered impaired.To assess value in use, expected
future cash flows are discounted to their present value using risk-free market rates, adjusted by the risks specific to the
asset. For those assets that do not generate cash inflows largely independent of those from other assets or groups of
assets, the recoverable amount is determined for the CGU to which the asset belongs.
Impairment loss and its reversion are recognized in the income statement. Impairment loss is reversed only if the
circumstances giving rise to it have ceased to exist, except those related to goodwill. The reversal is limited to the
carrying amount that would have been determined had no impairment loss been recognized for the asset.
Goodwill and intangibles with indefinite lives are tested for impairment by determining the recoverable amount of the
cash-generating unit to which they relate. If the recoverable amount of the cash-generating unit is less than the carrying
amount, an impairment loss is recognized
Financial instruments
Financial assets
A) Recognition and measurement
Financial instruments are classified into one of the following categories for measurement purposes:
1. Loans and receivables.
2. Held-to-maturity investments.
3. Financial assets held for trading.
4. Other financial assets at fair value through profit or loss.