63 / 148
54
“Exchange Differences” includes the exchange differences arising from the Group's commercial
transactions, relating mainly to the purchase of audiovisual productions in foreign currencies.
c)
Financial loss
“Financial Loss” in the consolidated income statement for 2014 includes mainly the interest
expense on bank borrowings and on the debt payable to the former shareholders of Gestora
de Inversiones Audiovisuales La Sexta, S.A. At 31 December 2014, finance costs amounted to
EUR 13,459 thousand and finance income amounted to EUR 1,669 thousand (31 December
2013: EUR 16,436 thousand and EUR 759 thousand, respectively).
d)
Impairment and gains or losses on disposals of financial assets
“Impairment of Financial Assets” and “Gains (Losses) on Disposals of Financial Assets” in the
consolidated income statement include, on the one hand, the impairment losses recognised in
the year on financial assets, which were determined on the basis of an analysis of the
recoverability of these investments, including investments in companies accounted for using
the equity method, and, on the other hand, the net gains or losses arising from the disposal of
these assets and assets held for sale.
At December 31, 2014, the amount recorded under "Impairment of financial assets" is
primarily related to impairment arising from the adjustment to fair value of long term
investments in equity instruments (see Note 8).
At 31 December 2013, the amount included under “Impairment of Financial Assets” is related
to the impairment of the investment in Audiovisual Española 2000, S.A.
20. Business and geographical segments
Basis of segmentation
Segment reporting is structured on the basis of the Group's various business lines at the end
of 2014 and 2013, taking into account, on the one hand, the nature of the services provided
and, on the other, the customer segments targeted by them.
In 2014 and 2013 the Group focused its business activities on the following major business
lines in Spain:
Television
Radio
Other businesses, the most noteworthy of which are event management and
audiovisual production
Thousands of euros
Television
Radio
Other businesses
Adjustments and
eliminations between
segments
Atresmedia
consolidated
INCOME STATEMENT
2014
2013
2014
2013
2014
2013
2014
2013
2014
2013
Revenue and other income, net
785,331
728,699
81,225
80,549
27,176
28,289
(10,506)
(7,747)
883,226 829,790
Operating expenses (excluding
depreciation and amortisation
681,930
676,605
63,647
63,588
20,486
17,190
(10,506)
(7,747)
755,557 749,636