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Reserve for retired capital
As a result of the capital reduction made in 2006, a reserve of EUR 8,333 thousand was
established, equal to the par value of the retired shares, which may only be used if the
same requirements as those for the reduction of share capital are met, pursuant to
Article 335-c of the Spanish Limited Liability Companies Law.
Other restricted reserves
Restricted reserves include an amount of EUR 281 thousand which is restricted as to its
use since it corresponds to the “Reserve for the Adjustment of Share Capital to Euros”.
“Equity - Retained Earnings” in the consolidated balance sheet includes a restricted
reserve arising from the subsidiary Uniprex, S.A. (Sole-Shareholder Company). This is a
reserve for goodwill
recognised by appropriating from profit for the year an amount equal
to 5% of the goodwill on the asset side of the subsidiary's balance sheet until the full
amount of the reserve is reached, as required by Spanish corporate legislation. At 31
December 2015, this reserve amounted to EUR 33,890 thousand (31 December 2014:
EUR 26,484 thousand).
d)
Contributions to consolidated profit by company
The detail of the contributions to the consolidated profit for the year of the fully
consolidated companies and the companies accounted for using the equity method at 31
December 2015 and 2014 is as follows:
Thousands of euros
2015
2014
Atresmedia Corporación de Medios de
Comunicación subgroup
81,716
36,288
Uniprex subgroup
12,729
8,329
Other
4,762
2,035
Total
99,207
46,652
The method used to determine the contribution to consolidated profit maintains the
transactions between Group companies that are necessary for the conduct of their
business activities under normal market conditions.
e)
Treasury shares
The detail of the treasury shares held by the Parent at the end of 2015 and 2014 is as
follows:
Year
No. of
shares
Par value
(euros)
Average
acquisition
price (euros)
Total
acquisition
cost
(thousands
of euros)
2015
789,738
592,304
10.97
8,666
2014
1,145,594
859,196
6.29
7,202