2
Revenue stood at EUR 652 million, compared to EUR 574 million in
2012. It should be noted that in 2013 La Sexta activity was included
for the entire year, while in 2012 it was only included for the last three
months, since the merger took effect from October 2012. In like-for-
like terms, television revenue performed better than the market as a
whole and, as indicated above, the market share improved. Once
again, other income increased in 2013 by 40.8% to EUR 26 million.
The Company's total income was EUR 678million, up 14% on 2012.
Although the comparison of expenses is, logically, also affected by the
inclusion of La Sexta in October 2012, their evolution is highly
satisfactory. Total operating expenses increased by only 10%,
demonstrating both the cost synergies achieved and the Company's
high degree of cost discipline.
Profit from operations amounted to EUR 34 million, as opposed to the
loss incurred in 2012. Profit before tax stood at EUR 30 million, as
compared with EUR 14million in 2012.
On 18 December 2013, the Supreme Court issued an order enforcing
the judgment which rendered void the resolution of the Spanish
Cabinet of 16 July 2010 regarding the allocation of channels. At
present, based on the information available, the interpretation of
these decisions and the fact that Atresmedia Corporación de Medios de
Comunicación, S.A. has met all the commitments and obligations
imposed upon it, a satisfactory solution is still expected to be reached.
Significant events for theCompany after the reporting period
On 19 February 2014 the Company, through a relevant event
communication and subsequent to a resolution of its Board of
Directors, announced a partial novation of the integration agreement
entered into on 14 December 2011 with Gestora de Inversiones
Audiovisuales La Sexta, S.A. ("La Sexta") and its shareholders, which
set the terms and conditions for the integration of La Sexta into the
