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12. Provisions and other liabilities
The changes in the short- and long-term provisions in 2015 and 2014 were as follows:
Thousands of euros
Balance at
31/12/14 Provisions
Amounts
used and
payments
Excessive
provisions Transfers Balance at
31/12/15
Operating provisions
44,488
50,554
(41,426)
-
-
53,616
Provisions for litigation
30,307
10,392
(2,137)
(6,602)
(6,903)
25,057
Other provisions
13,549
2,830
(195)
-
(1,860)
14,324
Total provisions
88,344
63,776
(43,758)
(6,602)
(8,763)
92,997
Thousands of euros
Balance at
31/12/13 Provisions
Amounts
used and
payments
Excessive
provisions Transfers Balance at
31/12/14
Operating provisions
34,206
36,602
(26,320)
-
-
44,488
Provisions for litigation
27,502
7,107
(7,274)
(4,369)
7,341
30,307
Other provisions
13,642
6,532
(730)
-
(5,895)
13,549
Total provisions
75,350
50,241
(34,324)
(4,369)
1,446
88,344
Short- and long-term
provisions in the consolidated balance sheet include, inter alia,
operating provisions relating basically to volume rebates paid yearly which accrue over the
course of the year, the period additions, use and excessive amounts of which are recognised
under “Revenue” in the consolidated statement of profit or loss.
“Provisions for Litigation” relates mainly to the best estimate in this connection. The payment
schedule related to litigation is based on court judgments and is therefore difficult to
estimate. “Other Provisions” relates mainly to estimated future payments. The period
additions, use and excessive amounts of both these types of provisions are recognised under
“Other Operating Expenses” in the consolidated statement of profit or loss.
The agreement for the partial novation of the integration agreement entered into by the
Parent for the merger with Gestora de Medios Audiovisuales La Sexta, S.A. on 19 February
2014 (see Note 11-e), included the assumption of a contingency of the former shareholders
of La Sexta corresponding to the tax assessments relating to the levy on games of luck,
betting or chance, raffles and tombolas. The assumption of this contingency gave rise to the
recognition of the related provision of EUR 6,903 thousand in the Parent's financial
statements. In the first half of 2015, this provision was reversed as a final judgment was
handed down in relation to the proceeding. The accounting entry and the reversal of the
provision did not have any impact on the Group's consolidated statement of profit or loss.
Also, “Other Non-Current Liabilities” relates mainly to the amounts maturing at more than
twelve months of the payables to suppliers of external production rights; these maturities
are set on the basis of the availability periods of those rights. This account payable does not
accrue interest and its measurement at fair value had a negative impact of EUR 1,886
thousand presented under “Net Gain (Loss) Due to Changes in the Value of Financial
Instruments at Fair Value” in the consolidated statement of profit or loss.