Page 57 - 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)
The Company’s maximum exposure to credit risk at December 31, 2013 and 2012 was as follows:
(Thousand of euros)
2013 2012
Non-current receivables from Group companies and associates 15,001 13,964
Non-current financial investments 902 1,020
Trade and other receivables 169,534 150,220
Current receivables from Group companies and associates 99,857 118,395
Current investments 231 752
Cash and cash equivalents 89,548 46,593
375,073 330,944
For the purposes of credit risk management the Company differentiates between financial assets arising from operations
and those arising from investments.
Operating activities
Most of the balance of trade payables consists of operations with Group companies that, therefore, do not present
a risk.
The breakdown of trade receivables (Group and third parties) at December 31, 2013 and 2012 was as follows:
2013 2012
Number of
customers
Thousands
of euros
Number of
customers
Thousands
of euros
With a balance of more than 1,000 thousand euros 3 163,052 7 144,870
With a balance between 1,000 and 500 thousand euros 1 745 - -
With a balance between 500 and 200 thousand euros 8 2,491 7 1,682
With a balance between 200 and 100 thousand euros 16 2,051 8 1,146
With a balance of less than 100 thousand euros 215 358 146 2,470
Total 243 168,697 168 150,168
The Company constantly monitors the age of its debt, and there were no risk situations at year end.
Investing activities
A Financial Risk Management Procedures Manual sets forth the general criteria governing investments of the Company’s
Treasury surpluses, which, in broad terms, are as follows:
• The investments are made with institutions (whether domestic or foreign) of recognized financial solvency.