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In 2014 the main aggregates in the consolidated financial statements are as follows: total
assets EUR 1,214 million; equity EUR 449 million; revenue EUR 850 million; and profit for the
year EUR 47 million.
3.- Distribution of profit
The proposed distribution of the profit for the year that the Company's directors will submit for
approval by the shareholders at the Annual General Meeting is as follows (in thousands of
euros):
2014
Interim dividends paid
22,341
To voluntary reserves
22,892
Total
45,233
At the Company's Board of Directors meeting held on 19 November 2014 it was resolved to
distribute out of the Company's profit for 2014 a gross amount of ten euro cents (EUR 0.10)
for each of the shares entitled to receive this interim dividend, implying a total dividend of EUR
22,341 thousand, which were recognised under “Equity - Interim Dividend” in the
accompanying consolidated balance sheet.
The provisional accounting statement prepared in accordance with legal requirements
evidencing the existence of sufficient liquidity for the distribution of the dividends is as follows:
LIQUIDITY STATEMENT FOR THE PAYMENT OF THE 2014 INTERIM DIVIDEND
Thousands of
euros
Liquidity at 31 October 2014
88,843
Projected cash until 31 December 2014:
Current transactions from November to December 2014
10,103
Financial transactions from November to December 2014
-
Projected dividend payment
(20,534)
Projected liquidity at 31 December 2014
78,412
4.- Accounting policies
The principal accounting policies used by the Company in preparing its financial statements for
2014 and 2013, in accordance with the Spanish National Chart of Accounts, were as follows:
4.1 Intangible assets
As a general rule, intangible assets are recognised initially at acquisition or production cost.
They are subsequently measured at cost less any accumulated amortisation and any
accumulated impairment losses. These assets are amortised over their years of useful life.
Licences and trademarks
These accounts include the amounts relating to the licence and the trademark identified in the
purchase price allocation process arising from the merger with Gestora de Inversiones
Audiovisuales La Sexta, S.A.