49
h)
Other equity instruments
As indicated in Note 4, pursuant to the agreement to merge the two companies, the
Parent (Atresmedia Corporación de Medios de Comunicación, S.A.) and Gestora de
Inversiones Audiovisuales La Sexta, S.A. agreed to grant La Sexta shareholders an
additional ownership interest of 15,818,704 Atresmedia Corporación de Medios de
Comunicación, S.A. shares representing 7% of its share capital, although the delivery
thereof is conditional upon the consolidated earnings of Atresmedia from 2012 to 2016.
The delivery of these additional shares will be carried out in full through treasury shares of
the Parent and, therefore, does not constitute an additional issue.
“Other Equity Instruments” includes the measurement of the aforementioned
consideration at the fair value of the shares whose delivery was deferred, as discussed in
Note 4.
On 19 February 2014 the Parent entered into a partial novation of this agreement,
modifying the content thereof with respect to two of the three former shareholders of La
Sexta (see Note 28).
13.Provisions andother liabilities
The changes in the short- and long-term
provisions
in 2013 and 2012were as follows:
Thousands of euros
Balance at
31/12/12
Provisions
Amounts
used and
payments
Excessive
provisions
Transfers
Balance at
31/12/13
Operating provisions
35,715
49,928
(50,437)
(1,000)
-
34,206
Provisions for litigation
24,809
6,556
(1,651)
(2,212)
-
27,502
Other provisions
18,668
3,985
(514)
(1,915)
(6,582)
13,642
Total provisions
79,192
60,469
(52,602)
(5,127)
(6,582)
75,350
Thousands of euros
Balance at
31/12/11
Inclusions
due tomerger
(Note 4)
Provisions
Amounts
used and
payments
Excessive
provisions
Changes in
the scope of
consolidation
Balance at
31/12/12
Operating provisions
40,262
-
35,676
(33,776)
(6,447)
-
35,715
Provisions for litigation
31,258
-
3,447
(9,512)
(344)
(40)
24,809
Other provisions
2,081
14,079
3,664
(1,302)
(206)
352
18,668
Total provisions
73,601
14,079
42,787
(44,590)
(6,997)
312
79,192
Short- and long-term provisions in the consolidated balance sheet include, inter alia, operating
provisions relating basically to volume rebates paid yearly which accrue over the course of the
year, the period additions, use and excessive amounts of which are recognised under
“Revenue” in the consolidated income statement.
