62
and the transfer en bloc of their assets and liabilities to Uniprex, S.A. (Sole-Shareholder
Company), the absorbing company, which acquired them by universal succession and was
subrogated to all the rights and obligations of the absorbed companies, as stipulated in Article
233 of the Spanish Public Limited Liability Companies Law. The date from which the
transactions of the absorbed companies are considered to have been performed for accounting
and tax purposes by the absorbing companywas taken to be 1 January 2009.
The merger gave rise to the merger goodwill shown in Note 5, which differs from the merger
goodwill for tax purposes calculated and amortised as provided for in Article 89.3 of the
Consolidated Spanish Corporation Tax Law.
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.
Themerger became effective for accounting purposes on 5October 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 Corporation Tax Law approved by Legislative Royal Decree 4/2004, of 5March.
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 themerger balance sheet.
Merger goodwill for tax purposes amounted to EUR 555 thousand (EUR 260 thousand of Ipar
Onda, S.A. and EUR 295 thousand of Radio Media Galicia, S.L.) and is being amortised at an
annual rate of 5%, 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 (see Note 5).
