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CONSOLIDATED FINANCIAL STATEMENTS AND CONSOLIDATED MANAGEMENT REPORT 2015
4.7.5. Master copies and dubbing
These items relate to the material supporting the audiovisual property rights and the cost of dubbing original versions,
respectively.
They are measured at cost and the related amortization is recognized at the same rate as the amortization of the
audiovisual property rights with which they are associated.
4.7.6. Retransmission rights
The costs for the rights to broadcast sport are recognized under “Procurements” in the separate income statement at
the cost stipulated in the agreement. The costs are recognized when each event is broadcast. Advance payments are
recognized in the statement of financial position under “Other current assets”.
4.8. Business combinations and goodwill
Business combinations are accounted for using the acquisition method. The cost of the business combination is
determined by measuring the identifiable assets acquired and liabilities assumed at their acquisition-date fair values as
well as the amount of non-controlling interest in the acquired party, where applicable. For each business combination,
the acquirer measures the non-controlling interest in the acquiree either at fair value or at the proportionate share of
the acquiree’s identifiable net assets.The acquirer shall account for acquisition-related costs as expenses in the income
statement, as incurred.
When the Group acquires a business, it assesses the identifiable assets acquired and liabilities assumed for appropriate
classification and designation in accordance with the contractual terms, economic conditions, its operating or accounting
policies, and other pertinent conditions at the acquisition date.
If the business combination is achieved in stages, the Group remeasures its previously held equity interest in the acquiree
at its acquisition-date fair value and recognizes the resulting gain or loss, if any, in the income statement.
Any contingent consideration the Group transfers is recognized at fair value at the acquisition date. Subsequent changes
in the fair value of contingent consideration classified as an asset or liability will be recognized in accordance with IAS
39, with any resulting gain or loss recognized either in the income statement or in other comprehensive income. If the
contingent consideration is classified as equity, it should not be remeasured and its subsequent settlement is accounted
for within equity.
Goodwill is initially measured at cost. Goodwill is the excess of the aggregate of the consideration transferred and
the amount recognized for non-controlling interest over the net identifiable assets acquired and liabilities assumed. If
this consideration is lower than the fair value of the net assets of the subsidiary acquired, the Group conducts a news
assessment to ensure that all the acquired assets and assumed obligations have been correctly identified, and reviews
the applied procedures to perform the valuation of the amounts recognized at the acquisition date. If an excess in the
fair value of net assets acquired over the aggregate amount of the transferred consideration, the difference is recognized
as profit on the separate income statement.
After initial recognition, goodwill is measured at cost less any accumulated impairment losses. Goodwill is reviewed for
impairment annually or more frequently if events or changes in circumstances indicate that the carrying amount may
be impaired.
For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated
to each of the Group’s cash-generating units or groups of cash-generating units expected to benefit from the combination’s
synergies, irrespective of whether other Group assets or liabilities are assigned to those units or groups of units.