39 / 148
30
Under the draft terms of merger by absorption of Atresmedia Corporación de Medios de
Comunicación, S.A. and Gestora de Inversiones Audiovisuales La Sexta, S.A. (“La Sexta”),
the remaining shares representing the Parent's share capital, i.e. 1,181,296 shares, that
were delivered to the La Sexta shareholders as part of the share exchange and whose
related dividend rights were temporarily restricted do not carry rights to this interim
dividend. The owners were not eligible to receive dividends distributed out of the Parent's
profit in the 24 months following the date of registration of the merger deed at the Madrid
Mercantile Registry, which took place on 31 October 2012.
This dividend, which was paid to the shareholders as an interim dividend on 18 December
2014, totalled EUR 22,341 thousand.
4. Goodwill
The changes in “Goodwill” in the consolidated balance sheets in 2014 and 2013 were as
follows:
Thousands of euros
Balance at
31/12/12
Additions/
Disposals
Impairment
Balance at
31/12/13
Additions/
Disposals
Transfers
Balance at
31/12/14
RADIO BUSINESS:
Uniprex, S.A.U.
147,558
-
555 148,113
-
- 148,113
Canal Media Radio, S.L.U.
1,899
-
-
1,899
-
-
1,899
Canal Media Radio Galicia, S.A.U.
295
-
(295)
-
-
-
-
Ipar Onda, S.A.U.
260
-
(260)
-
-
-
-
OTHER BUSINESSES:
Cordina Planet, S.L.U.
-
3,181
-
3,181
-
-
3,181
TOTAL
150,012
3,181
- 153,193
-
- 153,193
The change in the goodwill of the Radio business in 2014 is due to the merger by absorption
into the Group company Uniprex, S.A. (Sole-Shareholder Company) of several of its
subsidiaries, as described in Note 2-b on changes in the scope of consolidation.
Also, the Parent's acquisition of control over Cordina Planet, S.L.U. gave rise to goodwill of
EUR 3,181 thousand (see Note 2-b).
The Group periodically assesses the recoverability of the goodwill described in the foregoing
table, considering the cash-generating units on the basis of the business activities of its
subsidiaries, which at year-end were the radio business and other businesses.
The Group uses the strategic plans of the various businesses to calculate any possible
impairment losses and discounts expected future cash flows. The Group prepares the various
projections individually, taking into account the expected future cash flows of each cash-
generating unit.
For the radio cash-generating unit (which coincides with the radio segment), the key
assumptions on which the cash flow projections are based relate mainly to advertising
markets, audience figures, advertising efficiency ratios and cost forecasts. Except for
advertising, which is measured on the basis of external sources of information, the data