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3

Translation of financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting

framework applicable to the Company (see Notes 2 and 22). In the event of a discrepancy, the Spanish-language version prevails.

ATRESMEDIA CORPORACIÓN DE MEDIOS DE COMUNICACIÓN, S.A.

STATEMENT OF CHANGES IN EQUITY FOR 2014

A) STATEMENTS OF RECOGNISED INCOME AND EXPENSE

(Thousands of euros)

2014

2013

PROFIT PER INCOME STATEMENT (I)

45,233

34,468

Income and expense recognised directly in equity:

- Arising from cash flow hedges

1,962

506

- Tax effect

(588)

(152)

TOTAL INCOME AND EXPENSE RECOGNISED DIRECTLY IN EQUITY (II)

1,374

354

Transfers to profit or loss:

- Arising from cash flow hedges

(58)

-

- Tax effect

17

-

TOTAL TRANSFERS TO PROFIT OR LOSS (III)

(41)

-

TOTAL RECOGNISED INCOME AND EXPENSE (I+II+III)

46,566

34,822

The accompanying Notes 1 to 22 are an integral part of the statement of recognised income and expense for

2014.