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MEDIASET ESPAÑA COMUNICACIÓN, S.A.
The additions relate to the acquisition of audiovisual rights for future broadcasts. The retirements mainly relate to
transmission rights which have expired and which have been fully amortized; hence the Company derecognizes these
from its balance sheet. During the year, certain items of intangible assets were derecognized, mainly rights: options,
scripts, and development at a net carrying amount of 296 thousand euros, generating a loss on these transactions
which was recognized under “Cost of sales”. Also, in 2015 certain totally-amortized intangible assets were sold at a 300
thousand euro profit.
Outstanding provisions at year end 2015 and 2014 correspond to the net carrying amount of rights which, while
expiring later than December 31, 2015 and 2014, do not feature in the channel’s future broadcasting plans at the time
of these financial statements were prepared. Should one of the Company’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 income statement.
Of the total amount recognized under “Non-current assets – Audiovisual property rights” in the balance sheet at
December 31, 2015, the Company estimates a 67% percentage consumption for the 12 months subsequent to year end.
This estimate was based on the best information available at that date using the programming budget and comparable
to 2014 for the next 12 months.
At year-end 2015, there were firm commitments to acquire audiovisual property rights available starting January 1, 2016
for a total amount of $45,849 thousand and 201,226 thousand euros. At December 31, 2015, prepayments of $65
thousand and 2,102 thousand euros had been made in connection with said firm commitments to acquire audiovisual
property rights.
At year-end 2014, there were firm commitments to acquire audiovisual property rights available starting January 1, 2015
for a total amount of $29,475 thousand and 151,255 thousand euros. At December 31, 2014, prepayments of 2,003
thousand euros had been made in connection with said firm commitments to acquire audiovisual property rights.
At December 31, 2015, advances paid for fiction series totaled 1,614 thousand euros. At December 31, 2014, these
advances totaled 630 thousand euros.
At December 31, 2015 and 2014, the amounts of fully depreciated assets still in use are as follows:
2015
2014
Trademarks
13,697
13,697
Software
14,777
15,688
Coproduction rights
2,139
6,712
Distribution rights
10,397
10,397
Fiction series rights
1,319,172 1,262,518
Dubbing and other work
10,852
9,716
Master copies and Customs
6
5
Other auxiliary services
539
539
1,371,579 1,319,272
In 2015 the amounts related to intangible asset items acquired from Group companies totaled 862 thousand euros
(2014: 1,157 thousand euros).