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Thousands of euros

Balance at

01/01/14

Changes in

the scope of

consolidation

Additions or

disposals

Share of

results

Other

changes

Balance at

31/12/14

Investments accounted for using the

equity method

Atlantis Global Solutions, S.L.

64

-

-

(19)

-

45

I3 Televisión, S.L.U.

130

-

108

(29)

-

209

Hola TV América Group

352

(774)

1,369

(2,170)

1,224

-

Investments accounted for using the

equity method

546

(774)

1,477

(2,218)

1,224

254

In September 2015 Atlantis Global Solutions, S.L. was liquidated. This transaction had a

negative impact of EUR 45 thousand, which is recognised in these consolidated financial

statements.

At 31 December 2014, as part of the Hola TV América Group, the following companies were

included in the scope of consolidation: Hola TV Latam, S.L. and Hola TV US, LLC, which are

subsidiaries of the associate Hola TV América, S.L. and whose company objects comprise the

management and operation of audiovisual communication services and the creation,

acquisition, production, co-production and marketing of audiovisual products. (see Note 2-b).

None of the Group's investees are listed on Spanish or foreign stock exchanges.

The detail of the main financial aggregates of the companies accounted for using the equity

method for 2015 and 2014 is as follows:

2015

Thousands of euros

Assets

Equity

Liabilities

Income

Profit

(Loss)

I3 Televisión, S.L.

1,790

469

1,321

5,798

51

Hola TV América Group

6,004

(1,115)

7,119

2,635

(4,693)

2014

Thousands of euros

Assets

Equity

Liabilities

Income

Profit

(Loss)

Atlantis Global Solutions, S.L.

36

27

9

40

(56)

I3 Televisión, S.L.

2,339

418

1,921

6,429

(58)

Hola TV América Group

3,227

(2,448)

5,675

1,215

(4,341)