Page 51 - 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)
Mediacinco Car tera, S.L.
As indicated above, Mediacinco Cartera, S.L. owns a 33% equity interest in the share capital of EdamAcquisition Holding
I Cooperative U.A., the parent company of Grupo Endemol, and has no other operating activities. The company was
sold in 2013.
In 2011, and considering Mediacinco’s capital increase subscribed to by the Company through compensation of the
participating loans to restore its equity, a provision was recognized for the shareholding in Mediacinco Cartera for the
amount of the share in the investee’s equity: this amount was set at 0 euros, and there have been no modifications in
2012 and 2013.
PegasoTelevisión Inc.
At year end 2013 and 2012, this investment’s recoverable amount was determined from the market value of the merger
with a local operator.
Sogecable Media, S.L.U.
Given that Sogecable Media, S.L.U. had negative equity at December 31, 2011, a provision for the same amount as its
negative equity was recognized for the participating loan granted to Sogecable Media, S.L.U. In 2012 and 2013, a portion
of this provision was reversed, due to the Company’s business performance during those years (Note 7.2.2.).
Conecta 5 Telecinco, S.A.U.
Given that Conecta 5 Telecinco, S.A.U. had negative equity at December 31, 2011, a provision for the same amount as
its negative equity was recognized for the participating loan granted to it. In 2012 and 2013, a portion of this provision
was reversed, due to the Company’s business performance during those years (Note 7.2.2.).