23
5.3Assets acquired and liabilities assumed at the acquisition date
The assets and liabilities of Gestora de Inversiones Audiovisuales La Sexta, S.A., assumed at the
acquisition date andmeasured at fair value, were as follows:
Thousands
of euros
Current assets:
62,718
Inventories
21,790
Trade receivables
24,787
Investments inGroup companies
13,331
Current financial assets
696
Current prepayments and accrued income
184
Cash and cash equivalents
1,930
Non-current assets:
337,937
Intangible assets
77,201
Property, plant and equipment
615
Investments inGroup companies and associates
9,445
Non-current financial assets
8,926
Deferred tax assets (*)
241,596
Non-current trade receivables
154
Current liabilities:
(213,282)
Short-term provisions
(14,079)
Current payables
(6)
Current payables to Group companies and associates
(22,879)
Trade payables
(176,318)
Non-current liabilities:
(91,480)
Deferred tax liabilities (*)
(22,945)
Non-current payables to Group companies and associates
(68,535)
Total fair valueof net identifiableassets acquired
95,893
(*) Under current accounting legislation, deferred tax assets and liabilities recognised in a business combination are not measured at
fair value, but rather at their nominal amount.
The gross contractual amount receivable in relation to the accounts receivable acquired, which
related in full to trade receivables and were recognised at their fair value of EUR 24,787 thousand,
is EUR 24,795 thousand.
The detail, by year of acquisition, of the intangible assets and property, plant and equipment
included as a result of themerger (excluding the licence and trademark) is as follows (in
thousands of euros):
2006 2007 2008 2009 2010 2011 2012 Total
Intangible assets
Computer software
-
-
-
1
54
460
201
716
716
Property, plant andequipment
Plant
4
-
20
29
-
-
-
53
Furniture
293
15
6
2
20
22 - 358
Computer hardware
-
-
-
28
76
89
11
204
615
Assets not reflected in the accounting records of Gestora de Inversiones Audiovisuales La Sexta,
S.A. were included (the "La Sexta" trademark and the audiovisual communication licence granted).
The fair value of intangible assets may not be determined by reference to an active market.
Accordingly, Recognition and Measurement Standard no.19 of the Spanish National Chart of
Accounts, as drafted by Royal Decree 1159/2010, limits the recognition thereof up to the amount
in which the value of the net assets acquired is equal to the cost of the business combination. In
accordance with this standard, the licence and trademark were only valued at amaximum amount
of EUR 77,201 thousand since it was not possible to recognise a gain from a bargain purchase
