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10. Trade and other receivables
The detail of trade and other receivables in the consolidated balance sheets at 31 December
2014 and 2013 is as follows:
Thousands of euros
2014
2013
Trade receivables
166,333
184,608
Receivable from associates and related companies
48,044
38,195
Total trade receivables for sales and services
214,377
222,803
Other receivables
7,111
5,792
Total other receivables
7,111
5,792
The estimated amounts are recognised in the consolidated balance sheet, net of allowances for
estimated bad and doubtful debts, on the basis of prior years' experience and of the Group's
assessment of the current economic climate.
At 31 December 2014, the allowance for doubtful debts amounted to EUR 15,392 thousand
(2013: EUR 22,541 thousand). The provision recognised in 2014 amounted to EUR 3,048
thousand (2013: EUR 797 thousand), and EUR 10,197 thousand of the allowance were used in
the year (2013: EUR 8,889 thousand).
As provided for in the measurement bases disclosed in Note 3 to these consolidated financial
statements, impairment losses are recognised or reversed as a result of valuation adjustments
of trade and other receivables based on their due dates and the equity position of the debtors.
The related write downs and amounts charged to profit or loss are recognised under “Other
Operating Expenses” in the consolidated income statement.
11. Equity
a)
Share capital
On 29 October 2012, the merger resolutions adopted by the shareholders of Atresmedia
Corporación de Medios de Comunicación, S.A., as the absorbing company, and Gestora de
Inversiones Audiovisuales La Sexta, S.A., as the absorbed company, at their respective
Annual General Meetings on 25 April 2012, were executed in public deeds, as a result of
which the draft terms of merger were fully approved.
Following the merger resolution approved by the shareholders at the Annual General
Meetings of the two companies and the filing of the merger deed at the Madrid Mercantile
Registry on 31 October 2012, the shareholders of La Sexta received, as consideration for
the assets and liabilities of this company, 15,801,296 shares of Atresmedia Corporación de
Medios de Comunicación, S.A., which represented 7% of its share capital.
For the purposes of the share exchange, on 29 October 2012 Atresmedia Corporación de
Medios de Comunicación, S.A. increased share capital by a nominal amount of EUR 10,965
thousand through the issue of (i) 13,438,704 shares of EUR 0.75 par value each, of the
same class and series as the shares outstanding prior to the increase and without dividend
rights with a charge to the profit generated before the date on which the merger was filed