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5
The Parent's Annual General Meeting and its Board of Directors Meeting, on 28 April 2003 and
29 July 2003, respectively, resolved to request the admission to trading of all the shares of
Atresmedia Corporación de Medios de Comunicación, S.A. on the Madrid, Barcelona, Bilbao
and Valencia Stock Exchanges, as well as their inclusion in the Spanish Stock Market
Interconnection System. On 29 October 2003, the Parent's shares commenced trading on
these stock exchanges.
On 14 December 2011, following a resolution by its Board of Directors, Atresmedia
Corporación de Medios de Comunicación, S.A. entered into an agreement with the
shareholders of Gestora de Inversiones Audiovisuales La Sexta, S.A. to merge the two
companies, through the merger by absorption of La Sexta into Atresmedia Corporación de
Medios de Comunicación, S.A., subject to the obtainment of the relevant authorisations from
the regulatory and competition authorities.
On 25 January 2012, the Boards of Directors of Atresmedia Corporación de Medios de
Comunicación, S.A. and Gestora de Inversiones Audiovisuales La Sexta, S.A. approved the
draft terms of merger of the two companies.
The Parent's shareholders at the Annual General Meeting held on 25 April 2012 approved the
merger involving the absorption by Atresmedia Corporación de Medios de Comunicación, S.A.
(absorbing company) of Gestora de Inversiones Audiovisuales La Sexta, S.A., under the draft
terms of merger filed with the Madrid Mercantile Registry on 7 February 2012.
The merger was authorised by the Spanish anti-trust authorities on 24 August 2012, by virtue
of a resolution adopted by the Spanish Cabinet on the same date.
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 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 presentation of 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