32
Financing activities: activities that result in changes in the size and composition of equity
and borrowings that are not operating activities.
r)
Earnings per share
Basic earnings per share are calculated by dividing the net profit attributable to the Parent
by the weighted average number of ordinary shares outstanding during the year,
excluding the number of shares of the Parent held by the Group.
The Group has not carried out transactions of any kind that have led to diluted earnings
per share differing from basic earnings per share (see Note 24).
s)
Dividends
At the Annual General Meeting held on 24 April 2013, the shareholders of the Parent
approved the proposed distribution of profit for 2012 and ratified the resolutions that were
adopted in this connection by the Board of Directors of the Parent and by its Executive
Committee, at theirmeetings held on 28 November and 11 December 2012, respectively.
Consequently, the 2012 gross dividend was eleven euro cents (EUR 0.11) for each of the
194,112,800 shares (with a par value of EUR 0.75) entitled to receive it. Since the
dividend was paid out of the profit generated by the Parent up to 31 October 2012, in
conformity with the draft terms for the merger by absorption of Gestora de Inversiones
Audiovisuales La Sexta, S.A. (“La Sexta”) into Atresmedia Corporación de Medios de
Comunicación, S.A., the shares delivered to the La Sexta shareholders were not entitled to
receive this dividend, because the dividends were paid out of profit generated by
Atresmedia Corporación de Medios de Comunicación, S.A. prior to the date on which the
merger was registered at theMadridMercantile Registry.
Pursuant to the provisions of Article 148 of the Spanish Limited Liability Companies Law,
the dividend rights inherent to treasury shares are attributed proportionately to the other
shares that are eligible to receive the dividend.
This dividend, which was paid to the shareholders as an interim dividend on 20 December
2012, totalled EUR 21,352 thousand.
4.
Business combinations
Descriptionof themerger transaction in2012
On 14 December 2011, following a resolution by its Board of Directors, Atresmedia
Corporación de Medios de Comunicación, S.A. (Atresmedia) entered into an agreement with
Gestora de Inversiones Audiovisuales La Sexta S.A. (La Sexta) and its shareholders (GAMP
Audiovisual S.A., Grupo Televisa S.A.B. and Gala Desarrollos Comerciales S.L., as well as
Imagina Media Audiovisual S.L.), to integrate the two television companies through a merger
by absorption of La Sexta into Atresmedia.
