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9.- Financial assets (non-current and current)
9.1Non-current financial assets
The detail of “Non-Current Financial Assets” at the end of 2013 and 2012 is as follows (in
thousands of euros):
2013
2012
Held-for-trading financial assets:
Other derivatives
9,413
7,402
Available-for-sale financial assets:
At cost (Note 21.2)
1,472
-
Loans and receivables:
Long-term guarantees and deposits
75
8,983
Total
10,960
16,385
In relation to "Other Derivatives", in December 2012 the Company entered into various
agreements with the former shareholders of Gestora de Inversiones Audiovisuales La Sexta, S.A.,
including one whereby, in exchange for a fixedmarket consideration determined at the date of the
agreement and deliverable by Antena 3 de Televisión, S.A. (premium), the aforementioned
counterparty undertook to pay the Company a variable cash amount to be determined on the basis
of the future economic results of the Antena 3 Group and payable in 2017. The positive impact
thereof was included under "Changes in the Fair Value of Financial Instruments" in the
accompanying income statement. This agreement was amended in February 2014 (see Note 23).
"Available-For-Sale Financial Assets" includes non-current financial investments in the equity
instruments of companies over which the Company does not exercise significant influence under
Rule for the Preparation of Financial Statements no. 13 since it does not participate in the
process to set financial or commercial policies. At 2013 year-end, this amount related to the 45%
ownership interest in El Armario de la Tele, S.L.
At 31 December 2012, "Long-Term Guarantees and Deposits" included EUR 8,840 thousand
relating to the amount deposited in connection with the appeal filed by La Sexta against
assessments issued by the tax authorities relating to the levy on games. In 2013 this amount was
transferred to current assets.
9.2Current financial assets
The detail of “Current Financial Assets” at the end of 2013 and 2012 is as follows (in thousands of
euros):
2013
2012
Derivatives:
Derivatives (Note 11)
698
1,245
Loans and receivables:
Short-term guarantees and deposits
678
1,209
Total
1,376
2,454
9.3Non-current investments inGroup companies and associates
The detail of “Non-Current Investments in Group Companies and Associates” at the end of 2013
and 2012 is as follows (in thousands of euros):
2013
2012
Investments in Group companies and associates (Note 21.2)
76,288
74,445
Long-term loans to Group companies and associates (Note 21.2)
125,322
137,301
Total
201,610
211,746
