28
FILMS
Number of showings contracted
1
2
3ormore
1st showing
100%
50%
50%
2nd showing
-
50%
30%
3rd showing
-
-
20%
SERIES
Number of showings contracted
1
2ormore
1st showing
100%
50%
2nd showing
-
50%
4.
Live broadcasting rights are measured at cost. The cost of these rights is recognised
as an expense under “Programme Amortisation and Other Procurements” in the
consolidated income statement at the time of broadcast of the event on which the
rights were acquired.
Advances on purchases of rights
Payments made to external production distributors prior to the commencement of the
term of the rights are recognised under “Programme Rights - Advances on Purchases of
Rights” in the consolidated balance sheet and if such payments are in foreign currency
they are translated to euros at the year-end exchange rate.
Write-downs
The Group recognises write-downs to reduce the unamortised value of in-house
productions and of the rights on external productions which it considers will not be shown.
When these rights expire, the valuation adjustments are recognised in profit or loss when
the cost of the rights is derecognised.
Classification of programme rights
In accordance with standard practice in the industry in which the corporate Group
operates, programme rights are classified as current assets and the portion that is
amortised overmore than one year is detailed inNote 10.
g)
Non-current assets and liabilities classified as held for sale and discontinued
operations
The Group classifies under this heading in the consolidated balance sheet the non-current
assets and disposal groups whose carrying amount is expected to be recovered through a
sale transaction or liquidation rather than through continued use.
The non-current assets of discontinued operations are recognised at the lower of carrying
amount andmarket value.
The non-current liabilities of discontinued operations include the fair value of the liabilities
associatedwith the aforementioned assets which are expected to be settled at short term.
