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MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
26. RELATED PARTY TRANSACTIONS
26.1. Transactions with associates and shareholders
Transactions between the Company and its subsidiaries, which are related parties, have been eliminated on consolidation
and are not disclosed in this note.Transactions between the Group and its associates are disclosed below.Transactions
between the Company and its subsidiaries and associates are disclosed in the Company’s individual financial statements.
Non- current loans to related companies
Note 11 includes a non-current loan granted to Pegaso Inc. In 2014, this also included loans granted to Netsonic, S.L.
which were capitalized during 2015.
Related-party balances
At year-end 2014, Note 17 included a non-current loan granted by Mediaset Investment, S.R.L.A. maturing in 2016. In
2015, the loan is included under “Non-current borrowings with related parties.”
The breakdown of the financing terms between the Group and associates and shareholders as regards the established
limits, balances drawn down, and maturities is as follows:
Credit facilities
Current
limit
Drawn down
(Dr) Cr
Non-current
limit
Drawn down
(Dr) Cr
Maturity
2015
Associates or shareholders
75,000
10,075
-
-
2016
2014
Associates or shareholders
-
-
75,000
11,144
2016
The interest rates applicable to these credit facilities, excluding those arranged as participating loans, were EURIBOR
plus a market spread for 2015 and 2014.
Financing provided to associates consists primarily of credit facilities or commercial loans.