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The sale of television advertising services has been managed by the Group company Atres
Advertising, S.L. (Sole-Shareholder Company) since its incorporation. On 1 April 2010,
Atresmedia Corporación de Medios de Comunicación, S.A. decided to begin billing the
aforementioned service from Atres Advertising, S.L. (Sole-Shareholder Company), in line with
the most widely used sales model in the television advertising industry. Accordingly,
Atresmedia Corporación de Medios de Comunicación, S.A. invoices this Group company for the
sale of advertising space and Atres Advertising, S.L. (Sole-Shareholder Company) bills the end
customers.
The Company centrally manages its cash and the cash of its subsidiaries (see Note 19.5).
19.3 Remuneration of directors and senior executives
The remuneration earned in 2014 by the current and former members of the Company’s Board
of Directors (composed of two women and eleven men) in the form of salaries, attendance
fees and life insurance premiums amounted to EUR 3,940 thousand, EUR 795 thousand and
EUR 16 thousand, respectively. In 2013 this remuneration amounted to EUR 5,538 thousand,
EUR 680 thousand and EUR 15 thousand, respectively.
In 2014 remuneration in the form of salaries and life insurance premiums of senior executives
who are not directors amounted to EUR 6,468 thousand and EUR 30 thousand, respectively
(2012: EUR 6,231 thousand and EUR 27 thousand, respectively).
The Company has not granted any loans or advances to its Board members or senior
executives and it does not have any supplementary pension, retirement bonus, special
indemnity or life insurance obligations to them in their capacity as directors and executives.
19.4 Information regarding situations of conflict of interest involving the directors
Pursuant to Article 229 of the Spanish Limited Liability Companies Law (LSC), the following
information is included:
In 2014 none of the directors reported to the Board of Directors any direct or indirect conflict
of interest that they or persons related to them, as defined in Article 213 of the LSC, might
have with respect to the Company.
19.5 Financial structure
As indicated in Note 1, the Company is the head of a group of subsidiaries. It holds
its cash and cash equivalents at banks with high credit ratings.
External financing is basically obtained by the Company, which also manages the financial transactions of
the rest of the Group, including both financing activities and asset management activities (see Note 21.2).
20.- Other disclosures
22.1 Employees
The average number of employees in 2014 was 422 (2012: 430). The detail, by
professional category, is as follows: