8
At present, based on the available information, the interpretation of the aforementioned
resolutions and the fact that Atresmedia Corporación de Medios de Comunicación, S.A. has
complied with all the commitments and obligations imposed on it, a satisfactory solution is still
expected to be reached, and it was not considered necessary to make any significant adjustments
or amendments to these financial statements.
The Company is the head of a group of subsidiaries and is obliged under current legislation to
prepare, in addition to its own separate financial statements, the Atresmedia Group’s consolidated
financial statements, which also include its interests in joint ventures and investments in
associates.
The consolidated financial statements of Atresmedia for 2013 were formally prepared by the
directors at the Board of Directors Meeting held on 26 February 2014. The financial statements for
2012 were approved without any changes by the Company's shareholders at the Annual General
Meeting held on 24 April 2013. The shareholders also resolved to change the Company's name
from Antena 3 de Televisión, S.A. to Atresmedia Corporación deMedios de Comunicación, S.A.
In addition, on 14 December 2011 following a resolution by its Board of Directors, Antena 3 de
Televisión, S.A. entered into an agreement with the shareholders of Gestora de Inversiones
Audiovisuales La Sexta, S.A. tomerge the two companies, through themerger by absorption of La
Sexta into Antena 3, subject to the obtainment of the relevant authorisations from the regulatory
and competition authorities.
On 25 January 2012, the Board of Directors of Antena 3 de Televisión, S.A. and Gestora de
Inversiones Audiovisuales La Sexta, S.A. approved the draft terms for the merger of the two
companies.
The shareholders at the Annual General Meeting held on 25 April 2012 approved the merger
involving the absorption by Antena 3 de Televisión, S.A. (absorbing company) of Gestora de
Inversiones Audiovisuales La Sexta, S.A. under the draft terms of merger filed with the Madrid
Mercantile Registry on 7 February 2012.
Themerger was authorised by the Spanish anti-trust authorities on 24 August 2012, by virtue of a
resolution adopted by the Spanish Cabinet on the same date.
On 5 October 2012, the Spanish Cabinet also resolved to authorise the transfer of the audiovisual
communication licence held by La Sexta and the assignment for private use of the associated
public radioelectric domain. From that date onwards, the operations of La Sexta are deemed to be
performed for accounting purposes by Antena 3 de Televisión, S.A.
The public deed of merger of Antena 3 de Televisión, S.A. with Gestora de Inversiones
Audiovisuales La Sexta, S.A. was filed at the Madrid Mercantile Registry on 31 October 2012, and
as a result the latter was dissolved and all its assets and liabilities were transferred en bloc to the
former.
In view of the business activity carried on by the Company, it does not have any environmental
liability, expenses, assets, provisions or contingencies that might be material with respect to its
equity, financial position or results. Therefore, no specific disclosures relating to environmental
issues are included in these notes to the financial statements.
