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Uniprex Televisión, S.L.U.
Madrid
2004
Indirect management of TV service
Uniprex, S.A.U.
100
Uniprex Valencia TV, S.L.U.
Valencia
2005
Local digital terrestrial television
Uniprex, S.A.U.
100
(*) Audited companies.
The subsidiaries over which the Group exercises control are fully consolidated and all their
assets, liabilities, income, expenses and cash flows are included in the consolidated
financial statements after making adjustments to adapt the accounting policies used to
those applied by the Group and adjustments and eliminations relating to intra-Group
transactions.
The Group considers that it exercises control over a company when it has sufficient power
to govern its financial and operating policies so as to obtain benefits from its activities.
The results of subsidiaries acquired during the year are included in the consolidated
income statement from the date of acquisition to year-end.
Associates
The associates over which Atresmedia Corporación de Medios de Comunicación, S.A. or its
subsidiaries do not exercise control but over which they have the capacity to exercise
significant influence in their management, normally through agreements with other
shareholders, were accounted for in the consolidated financial statements using the equity
method. Using this accounting method, the investment is recognised at cost, including any
goodwill arising on the acquisition, and is subsequently adjusted on the basis of the
changes in its equity, in proportion to the percentage of ownership that corresponds to the
Group. The Group’s share of the results of these companies is recognised, net of the
related tax effect, under “Share of Results of Associates” in the consolidated income
statement, and any dividends received from these companies are deducted from the value
of the investment.
These associates are as follows:
Company name
Registered
office
Year of
incorporation
Line of business
Owner
2014
%
I3 Televisión, S.L.
Madrid
2005
IT services
Atresmedia Corporación de Medios de
Comunicación, S.A.
50
Hola Televisión América, S.L.
Madrid
2011
Audiovisual communication services
Atresmedia Corporación de Medios de
Comunicación, S.A.
50
Hola TV Latam, S.L.
Madrid
2013
Audiovisual communication services
Hola Televisión América, S.L.
37,50
Hola TV US, LLC
Miami
2013
Audiovisual communication services
Hola TV Latam, S.L.
37,50
Atlantis Global Solutions, S.L.
Barcelona
2013
Development and identification of
audiovisual content on various platforms
Antena 3 Films, S.A.U.
33.41
The Group does not exercise control over the associates that are 50% or more owned,
because under the shareholders agreements it has no powers to govern their financial and
operating policies so as to obtain benefits from their activities.
Changes in the scope of consolidation and main transactions in 2014