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5
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 CASH FLOWS FOR 2014
(Thousands of euros)
2014
2013
CASH FLOWS FROM OPERATING ACTIVITIES (I)
(1,079)
27,263
Profit for the year before tax
87,130
30,462
Adjustments for:
10,547
10,001
- Depreciation and amortisation charge
13,692
13,567
- Impairment losses
(15,209)
1,949
- Changes in provisions
7,958
2,298
- Gains on derecognition and disposal of non-current assets
45
(8)
- Finance income
(9,901) (18,923)
- Finance costs
13,456
16,642
- Exchange differences
19,463
(6,476)
- Changes in fair value of financial instruments
(18,957)
952
Changes in working capital
(67,265)
(2,102)
- Inventories
2,732 (44,008)
- Trade and other receivables
2,598
817
- Trade and other payables
(41,629)
75,393
- Other current assets and liabilities
(30,966) (34,304)
Other cash flows from operating activities
(31,491) (11,098)
- Interest paid
(15,977) (17,700)
- Dividends received
3,359
12,353
- Income tax recovered (paid)
(18,873)
(5,751)
CASH FLOWS FROM INVESTING ACTIVITIES (II)
(26,719)
(5,822)
Payments due to investment
(26,719) (16,795)
- Group companies and associates
(14,201)
(8,844)
- Property, plant and equipment and intangible assets
(12,518)
(7,951)
Proceeds from disposal
-
10,973
- Group companies and associates
-
10,973
CASH FLOWS FROM FINANCING ACTIVITIES (III)
2,853
30,764
Proceeds and payments relating to equity instruments
79,680
-
- Purchase of treasury shares
79,680
-
Proceeds and payments relating to financial liability instruments
(29,912)
30,764
- Repayment of bank borrowings
(41,244)
69,047
- Proceeds from issue of borrowings from Group companies and associates
11,332
(38,283)
Dividends and returns on other equity instruments paid
(46,915)
-
- Dividends
(46,915)
-
EFFECT OF FOREIGN EXCHANGE RATE CHANGES (IV)
-
-
NET INCREASE/DECREASE IN CASH AND CASH EQUIVALENTS
(I+II+III+IV)
(24,945)
52,205
Cash and cash equivalents at beginning of year
55,945
3,740
Change due to merger
-
-
Cash and cash equivalents at end of year
31,000
55,945
The accompanying Notes 1 to 22 are an integral part of the statement of cash flows for 2014.