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Corporación de Medios de Comunicación, S.A. equal to 2.079% and 1.631% of its share
capital, respectively, were delivered with a charge to treasury shares.
The terms and conditions agreed upon in the integration agreement relating to Gala
Desarrollos Comerciales, S.L. remain unchanged and, accordingly, it continues to be
entitled to receive an additional ownership interest of 0.508% of the share capital of
Atresmedia Corporación de Medios de Comunicación, S.A., conditional upon the earnings
performance of the Atresmedia Group in the period 2012 to 2016. The delivery of these
additional shares will be carried out in full through treasury shares of the Parent and,
therefore, does not constitute an additional issue.
"Other Equity Instruments" includes the measurement of the aforementioned
consideration at the fair value of the shares whose delivery continues to be deferred. This
measurement was calculated on the basis of the forward price of the shares of Atresmedia
Corporación de Medios de Comunicación, S.A. on 5 October 2012 taking into account a
0.90% IRS rate and in accordance with management's estimate of the profit for 2012 to
2016 in order to estimate the time of delivery.
12. Provisions and other liabilities
The changes in the short- and long-term provisions in 2014 and 2013 were as follows:
Thousands of euros
Balance at
31/12/13
Provisions
Amounts
used and
payments
Excessive
provisions
Transfers
Balance at
31/12/14
Operating provisions
34,206
36,602
(26,320)
-
-
44,488
Provisions for litigation
27,502
7,107
(7,274)
(4,369)
7,341
30,307
Other provisions
13,642
6,532
(730)
-
(5,895)
13,549
Total provisions
75,350
50,241
(34,324)
(4,369)
1,446
88,344
Thousands of euros
Balance at
31/12/12
Provisions
Amounts
used and
payments
Excessive
provisions
Transfers
Balance at
31/12/13
Operating provisions
35,715
49,928
(50,437)
(1,000)
-
34,206
Provisions for litigation
24,809
6,556
(1,651)
(2,212)
-
27,502
Other provisions
18,668
3,985
(514)
(1,915)
(6,582)
13,642
Total provisions
79,192
60,469
(52,602)
(5,127)
(6,582)
75,350
Short- and long-term provisions in the consolidated balance sheet include, inter alia, operating
provisions relating basically to volume rebates paid yearly which accrue over the course of the
year, the period additions, use and excessive amounts of which are recognised under
“Revenue” in the consolidated income statement.
“Provisions for litigation” relates mainly to the best estimate in this connection. The payment
schedule related to litigation is based on court judgments and is therefore difficult to estimate.
“Other Provisions” relates mainly to estimated future payments. The period additions, use and