9
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 Atresmedia Corporación de Medios de
Comunicación, S.A.
The public deed of merger of Atresmedia Corporación de Medios de Comunicación, S.A. with
Gestora de Inversiones Audiovisuales La Sexta, S.A. was filed with 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.
The Parent's shareholders at the Annual General Meeting held on 24 April 2013 resolved, inter
alia, to change the company's name from Antena 3 de Televisión, S.A. to Atresmedia
Corporación deMedios de Comunicación, S.A.
The Parent is obliged to prepare, in addition to its own separate financial statements, the
Group’s consolidated financial statements, which also include its interests in joint ventures and
investments in associates.
In view of the business activities carried on by the Group companies, they do not have any
environmental liability, expenses, assets, provisions or contingencies that might be material
with respect to the equity, financial position and results of operations of the corporate Group.
Therefore, no specific disclosures relating to environmental issues are included in these notes
to the consolidated financial statements.
2.
Basis of presentationof the consolidated financial statements and
basis of consolidation
a)
Basis of presentation
These consolidated financial statements were prepared, on the basis of the accounting
records kept by the Parent and by the other Group companies, in accordance with
International Financial Reporting Standards as adopted by the European Union (EU-IFRSs),
in conformity with Regulation (EC) no. 1606/2002 of the European Parliament and of the
Council.
The Group's consolidated financial statements were prepared taking into account all the
mandatory accounting principles and rules and measurement bases with a material effect
on the consolidated financial statements, as well as the alternative treatments permitted
by the relevant standards in this connection, and, accordingly, they present fairly the
Group's consolidated equity and financial position at 31 December 2013 and the results of
its operations, the changes in consolidated equity and the consolidated cash flows in the
year then ended.
However, since the accounting policies and measurement bases used in preparing the
Group's consolidated financial statements for 2013 (EU-IFRSs) differ from those used by
the Group companies (Spanish National Chart of Accounts), the required adjustments and
reclassifications weremade on consolidation to unify the policies andmethods used and to
make them compliant with EU-IFRSs. In addition to the International Financial Reporting
Standards adopted by the EU (EU-IFRSs), all the requirements included in the Spanish
Commercial Code and the Spanish Limited Liability Companies Law were applied in these
consolidated financial statements, as well as such other aspects of Spanish accounting
regulations in force asmight be applicable.
