158 / 214
158
MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
The breakdown of the fully depreciated Audiovisual property rights in use at December 31, 2015 and 2014 is as follows:
2015
2014
Master copies
5
6
Dubbing
10,852
9,716
Co-production rights
179,856
121,538
In-house production rights
1,319,172 1,262,518
Distribution rights
10,397
18,399
Other ancillary work
748
748
Start-up costs
121
121
Total
1,521,151 1,413,046
Of the total amount recognized under “Non-current assets - Audiovisual property rights” in the consolidated statement
of financial position at December 31, 2015, the Group estimates that their consumption over the upcoming year will be
approximately 67%, a similar figure recognized during the same period the year before.
Provisions at the end of 2015 relate to the net carrying amount of rights which, although they expire after December
31, are not included in the Group’s future broadcasting plans at the date of authorization for issue of these consolidated
financial statements. Should one of the Group’s channels exercise these broadcasting rights, the provision corresponding
to the broadcast would be reversed and the right would be amortized for the amount of the reversal.This would not
have an impact on the consolidated separate income statement.
Therefore, the balance of this provision relates basically to the adjustment required to determine the carrying amount
of the library.The provision recognized in the consolidated separate income statement at December 31, 2015 and 2014
amounted to 12,572 thousand euros and 3,137 thousand euros, respectively.
At December 31, 2015, there were firm commitments to acquire audiovisual property rights commencing on or after
January 1, 2016 for a total amount of $42,113 thousand and 199,691 thousand euros. The commitments at year end
2014 amounted to $24,276 thousand and 150,850 thousand euros, respectively.
Advances were paid in respect of these firm audiovisual purchase commitments, which at December 31, 2015, totaled
2,102 thousand euros and $65 thousand. Advances paid in 2014 amounted to 1,996 thousand euros.
At the statement of financial position date there were commitments to purchase co-production rights, available from
January 1, 2016, for a total amount of 45,090 thousand euros.The commitments at year end 2013 amounted to 39,850
thousand euros.
At December 31, 2015, advances of 7,199 thousand euros had been paid in connection with these firm commitments
to purchase co-production rights. Advances paid in 2014 amounted to 10,420 thousand euros.
The Group had firm commitments to purchase distribution rights commencing on or after January 1, 2016 for a total
amount of 7,090 thousand euros. At December 31, 2014, firm commitments to purchase distribution rights amounted
to 13,265 thousand euros.
Advances of 1,223 thousand euros had been paid in connection with firm distribution right purchase commitments at
December 31, 2015. Advances paid in 2014 amounted to 3,786 thousand euros.
Advances were also paid for fiction-based series amounting to 1,614 thousand euros at December 31, 2015 (629
thousand euros at December 31, 2014).