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Gross carrying amount
2014
2013
Buildings
8,661
7,804
Other assets
104,941
104,592
Total
113,602
112,396
The Company takes out insurance policies to cover the possible risks to which its property,
plant and equipment are subject. At the end of 2014 and 2013 the property, plant and
equipment were fully insured against these risks.
7.- Leases
At the end of 2014 and 2013 the Company, as a lessor under operating leases, had annual
lease arrangements with certain Group companies for facilities and other scantly material
lease arrangements with a term of more than one year with non-Group companies. Since the
leased facilities are in the same building as the Company, they are not considered to be
investment property included in the Company’s assets.
Income from operating leases in 2014 amounted to EUR 7,421 thousand (2013: EUR 7,531
thousand).
8.- Financial assets (non-current and current)
8.1 Non-current financial assets
The detail of “Non-Current Financial Assets” at the end of 2014 and 2013 is as follows (in
thousands of euros):
2014
2013
Held-for-trading financial assets:
Hedging Derivatives
4,397
Other derivatives
87
9,413
Available-for-sale financial assets:
At cost (Note 21.2)
5,956
1,472
Loans and receivables:
Long-term guarantees and deposits
75
75
Total
10,515
10,960
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 fixed market consideration determined at the
date of the agreement and deliverable by Atresmedia Corporacion Medios de Comunicacion,
S.A., 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 Atresmedia Group and
payable in 2017.
On February 24, 2014, as a result of the negotiation process Novation Agreement described in
Note 12.2 will be achieved, among other agreements with Gamp Audiovisual, S.A. and
Imagina Media Audiovisual, S.A., the cancellation of its share in the financial derivative
contract described in said Note 5. The amount at December 31, 2014 includes the fair value at
that date of the financial derivative instrument closed with Gala Desarrollos Comerciales, S.L.,
whose agreed terms remain unchanged, as specified in Note 12.2.