61 / 140
The merger gave rise to the merger goodwill shown in Note 4, which differs from the merger
goodwill for tax purposes (amounting to EUR 24,775 thousand) calculated and amortised as
provided for in Article 89.3 of the Consolidated Spanish Income Tax Law which, net of the
impairment losses recognised, amounted to EUR 18,955 thousand.
On 31 October 2012, the merger by absorption of Gestora de Inversiones Audiovisuales La
Sexta ("La Sexta") into Antena 3 de Televisión was registered at the Mercantile Registry of
Madrid.
As a result of the merger, Antena 3 de Televisión acquired all the assets and liabilities of La
Sexta by universal succession and was subrogated to all the rights and obligations of the
absorbed company.
The merger became effective for accounting purposes on 5 October 2012.
The Company opted to avail itself of the special tax regime for mergers, spin-offs, asset
contributions and security exchanges provided in Title VII, Chapter VIII of the Consolidated
Spanish Income Tax Law approved by Legislative Royal Decree 4/2004, of 5 March.
In the process of allocating the price of the business combination to assets and liabilities, the
La Sexta trademark and the La Sexta multiplex operating licence were identified. The
trademark will be amortised for accounting purposes over 20 years and the licence is
considered to have an indefinite useful life.
On 8 November 2013 the merger, whereby Estaciones Radiofónicas de Aragón, S.A. (Sole-
Shareholder Company), Ipar Onda, S.A. (Sole-Shareholder Company), Onda Cero, S.A.
(Sole-Shareholder Company) and Radio Media Galicia, S.L. (Sole-Shareholder Company)
were absorbed by Uniprex, S.A. (Sole-Shareholder Company) and dissolved without
liquidation, was executed in a public deed, which also reflected the approval of the balance
sheet for the year ended 31 December 2012 as the merger balance sheet.
Merger goodwill for tax purposes amounted to EUR 554 thousand (EUR 260 thousand of Ipar
Onda, S.A. and EUR 294 thousand of Radio Media Galicia, S.L.) and is being amortised at an
annual rate of 1%, regardless of the rate at which the related amortisation is charged to
profit or loss for accounting purposes. This amortisation is deductible for tax purposes.
On 3 November 2014, the merger, whereby Publiseis Iniciativas Publicitarias was absorbed
by Atres Advertising, S.L.U. and dissolved without liquidation, was executed in a public deed
subsequent to the sale of the ownership interest by Atresmedia Corporación to its subsidiary.
In addition, the balance sheet for the year ended 31 December 2013 was approved as the
merger balance sheet. The company availed itself of the special merger regime provided for
in Title VII, Chapter VIII of the Consolidated Spanish Income Tax Law.
On 24 November 2015, the merger, whereby Antena 3 Eventos, S.L.U. was absorbed by
Atres Advertising, S.L.U. and dissolved without liquidation, was executed in a public deed
subsequent to the sale of the ownership interest by Atresmedia Corporación to its subsidiary.
In addition, the balance sheet for the year ended 31 December 2014 was approved as the
merger balance sheet. The company availed itself of the special merger regime provided for
in Title VII, Chapter VII of the Spanish Income Tax Law 27/2014.
Also on 24 November 2015, the merger, whereby La Sexta Editorial Musical, S.L.U. was
absorbed by Música Aparte, S.L.U. and dissolved without liquidation, was executed in a
public deed subsequent to the sale of the ownership interest by Atresmedia Corporación to
its subsidiary. In addition, the balance sheet for the year ended 31 December 2014 was
approved as the merger balance sheet. The company availed itself of the special merger
regime provided for in Title VII, Chapter VII of the Spanish Income Tax Law 27/2014.