Page 55 - 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)
These figures are classified in the balance sheet as follows:
(Thousands of euros)
Total
2013 2012
Non-current financial liabilities
Borrowings 123 171
Current financial liabilities
Borrowings 61,110 71,147
Borrowings from group companies and associates (Note 19) 147,436 111,018
Trade and other payables 103,761 125,078
312,307 307,243
312,430 307,414
a) Bank borrowings
In 2013, existing credit facilities were maintained amounting to 360,000 thousand euros.These bear interest at EURIBOR
plus a market spread in line with Company solvency. At year-end 2013, no amounts had been drawn down on existing
credit facilities, which strongly bolsters its working capital at December 31, 2013.
360,000 euros of these credit facilities fall due in 2014, 2015 and 2016.
At year-end 2012, the Company had credit facilities amounting to 345,000 thousand euros, of which no amounts had
been drawn down.
b) Derivatives and other financial liabilities
b.1) Borrowings from Group companies
The interest rate on these borrowings is EURIBOR plus a market spread. Loans to Group companies consist of swap
facilities. Also included under this heading are current payables for income tax payable with Group companies stemming
from the tax consolidation. Note 19 provides the breakdown of these balances
b.2) Others
The breakdown at December 31, 2013 and 2012 is as follows:
Balance 12/31/13 Balance 12/31/12
Trade and other payables 103,761 125,078
Other financial liabilities 60,137 70,599
163,898 195,677
Other financial liabilities consist of current borrowings from suppliers of audiovisual rights.