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MEDIASET ESPAÑA COMUNICACIÓN, S.A.
CASH FLOW STATEMENT FORTHEYEAR ENDED DECEMBER 31,
2015 AND 2014
(Continue)
Read with the accompanying explanatory notes.
Madrid, February 24
th
, 2016.
Thousands of euros
Notes
2015
2014
CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax
195,380
48,009
Adjustments to profit
125,437
279,621
Depreciation and amortization (+)
5,6
198,478
207,363
Impairment losses (+/-)
6,7
7,943
67,147
Changes in provisions (+/-)
3,271
7,039
Gains/(losses) from derecognition and disposals of fixed assets (+/-)
369
Proceeds from disposals of financial instruments
(15,603)
Finance income (-)
(70,913)
(4,965)
Finance costs (+)
1,892
3,037
Change in working capital
(9,131)
(30,787)
Inventories
9
(4,988)
3,077
Trade and other receivables
(12,099)
(28,242)
Other current assets
6,030
(933)
Trade and other payables
2,118
(3,692)
Other current liabilities
(192)
(997)
Other cash flows from operating activities
41,334
46,418
Interest paid (-)
(1,892)
(3,037)
Dividends received (+)
19
67,951
56,595
Interest received (+)
2,962
4,965
Proceeds (payments) for income tax (+/-)
(19,440)
(12,105)
Other proceeds (payments) (+/-)
(8,247)
CASH FLOWS FROM OPERATING ACTIVITIES
353,020
343,261
CASH FLOWS FROM INVESTING ACTIVITIES
Payments on investments (-)
(180,844)
(198,242)
Intangible assets
(168,495)
(181,838)
Property, plant and equipment
(11,480)
(6,531)
Other financial assets
(869)
(9,873)
Proceeds from disposal (+)
25,681
327,647
Group companies and associates
14,827
325,000
Intangible assets
6
300
2,600
Property, plant and equipment
5
-
18