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MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
23. FINANCIAL INSTRUMENTS
23.1 Derivatives
The Group uses financial instruments to hedge the foreign currency risks relating to purchases of audiovisual property
rights in the year and, when necessary, to hedge those related to commercial transactions with customers, which are
recognized in the consolidated statement of financial position. As required by the corresponding measurement and
recognition policy, these derivatives are classified as “held for trading.”
The breakdown, by maturity, of the notional amounts of derivatives outstanding at the Group at December 31, 2015
and 2014 is as follows:
Derivative financial assets
2015
Notional amount/
Maturity up to one year
Amount in $
Fair value
(Note 23.2)
Dollars Year - end (€/$) exc. rate
Purchase of unmatured currency
Purchase of dollars in euros
19,336
22,082
1.0887
865
Sales of dollars in euros
-
-
-
-
Net
19,336
22,082
865
2014
Notional amount/
Maturity up to one year
Amount in $
Fair value
(Note 23.2)
Dollars Year - end (€/$) exc. rate
Purchase of unmatured currency
Purchase of dollars in euros
16,096
21,026
1.2141
1,193
Sales of dollars in euros
-
-
-
-
Net
16,096
21,026
1,193
Derivative financial liabilities
2015
Notional amount/ Maturity
up to one year
Amount in $
Fair value
Dollars
Year - end (€/$) exc. rate
Purchase of unmatured currency
Purchase of dollars in euros
-
-
-
-
Sales of dollars in euros
523
577
1.0887
(7)
Net
523
577
(7)