31
The detail of the long-term loans granted to Group companies and associates is as follows (in
thousands of euros):
Loans
Balance at
01/01/13
Additions
Transfers
Disposals
Balance at
31/12/13
Uniprex, S.A.U.
90,000
- (12,000)
-
78,000
Antena 3 Films, S.L.U.
46,729
593
-
-
47,322
Hola TV América, S.L.
572
-
(572)
-
-
Total
137,301
593 (12,572)
- 125,322
Loans
Balance at
01/01/12
Additions
Amount
converted
into capital
Disposals
Charge
for the
year
Balance at
31/12/12
Uniprex, S.A.U.
60,300
90,000
(96,130)
-
35,830
90,000
Antena 3 Films, S.L.U.
59,134
-
- (12,405)
-
46,729
Hola TV América, S.L.
412
160
-
-
572
Total
119,846
90,160
(96,130) (12,405) 35,830
137,301
The Company had granted two participating credit facilities to Uniprex, S.A. (Sole-Shareholder
Company) (formerly Publicidad 3, S.A. (Sole-Shareholder Company)), for a maximum amount of
EUR 334,000 thousand, which earned interest at floating rates based on the EBITDA of the
borrower.
In December 2011 EUR 10,000 thousand of the participating credit facility granted on 10
September 2002 was repaid early and the related charge for the year was reversed. Additionally,
at 2011 year-end, EUR 223,000 thousand were transferred to short term since the amount
matured on 30 November 2012 and, as it related to a participating credit facility, it had to be
either converted into capital or repaid. It was eventually converted into capital.
On 18 August 2012, the other participating loan granted to Uniprex, S.A. (Sole-Shareholder
Company) and maturing on 12 May 2014 was repaid early through the conversion into capital of
the balance thereof at that date (EUR 96,130 thousand). Also, the charge for the year recognised
in this connection, amounting to EUR 35,830 thousand, was reversed.
In December 2012 the Company granted a new loan to this subsidiary for a total amount of EUR
100,000 thousand, EUR 90,000 thousand of which are non-current, mature annually between 2014
and 2018 and earn fixed interest of 4.5%, reviewable annually. In 2013 EUR 12,000 thousand
were transferred to short term (see Note 21.2).
Also, the participating credit facility that the Company granted to Antena 3 Films, S.L. (Sole-
Shareholder Company) was converted into capital in 2008, and in May 2008 the Company
renegotiated the short-term credit facility it had granted to this company, raising the limit to EUR
100,000 thousand and lengthening its maturity to three years. On 31 December 2010, the limit of
this credit facility was raised to EUR 150,000 thousand and the maturity was extended to 31
December 2013. In December 2012 the maturity date was extended to 31 December 2016. This
credit facility earns interest at a floating rate tied to Euribor. The amount drawn down at 31
December 2013was EUR 47,322 thousand.
In September 2012 the Company granted a participating loan of EUR 160 thousand to Hola
Televisión América, S.L. and the balance thereof reached EUR 572 thousand. In 2013 this loanwas
reclassified to current assets.
The most representative acquisitions and sales of ownership interests in other entities and other
significant corporate transactions in 2013were as follows:
-
On 6 February 2013, Antena 3 de Televisión Colombia, S.A. and Canal 3 Televisión
Colombia, S.A. were liquidated.
-
On 4 July 2013, Hola Televisión América, S.L. increased its capital by EUR 679 thousand.
However, this did not result in an increase in the percentage of ownership held in this company.
