16
Responsibility for the information anduse of estimates
The information contained in these consolidated financial statements is the responsibility
of the Parent's directors.
In the Group's consolidated financial statements for 2013 estimates were occasionally
made in order to quantify certain of the assets, liabilities, income, expenses and
obligations reported herein.
These estimates relate basically to the following:
The impairment losses on certain assets (see Notes 6, 7, 10 and 11),
The useful life of the property, plant and equipment and intangible assets (see Notes
3-c and 3-d).
Themeasurement of goodwill arising on consolidation (see Note 5),
Programme amortisation (see Note 3-f),
The fair value of certain unquoted assets (see Notes 9 and 15), and
Provisions (see Note 13).
Although these estimates were made on the basis of the best information available at 31
December 2013 on the events analysed, events that take place in the futuremight make it
necessary to change these estimates (upwards or downwards) in coming years. Changes
in accounting estimates would be applied prospectively, recognising the effects of the
change in estimates in the related consolidated income statements.
At 2013 year-end, the Group had a working capital deficiency of EUR 4,584 thousand
covered in full by the undrawn portion of the syndicated loan.
