Consolidated Annual Accounts 2017

Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Group in Spain (see Notes 2 and 29). In the event of discrepancy, the Spanish-language version prevails. 1 ATRESMEDIA CORPORACIÓN DE MEDIOS DE COMUNICACIÓN, S.A. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2017 Thousands of euros NOTES 31/12/17 31/12/16 ASSETS Goodwill 5 163,223 150,012 Other intangible assets 6 135,524 135,616 Property, plant and equipment 7 44,544 44,658 Investments accounted for using the equity method 8 332 233 Non-current financial assets 9 20,303 14,436 Derivative financial instruments 9 - 3,149 Deferred tax assets 22-d 267,493 272,431 NON-CURRENT ASSETS 631,419 620,535 Programme rights 10 386,880 392,450 Inventories 4,057 3,788 Trade receivables 11 272,476 244,891 Other receivables 11 3,918 3,305 Current tax assets 22-d 7,288 5,167 Derivative financial instruments 15 23 8,767 Other current financial assets 10,560 25,654 Other current assets 7,800 3,752 Cash and cash equivalents 25,026 1,562 CURRENT ASSETS 718,028 689,336 TOTAL ASSETS 1,349,447 1,309,871 EQUITY AND LIABILITIES Share capital 12-a 169,300 169,300 Share premium 12-b 38,304 38,304 Legal and bylaw reserves 12-c 42,475 42,475 Retained earnings 252,730 320,493 Treasury shares 12-e (8,810) (8,810) Interim dividends 12-f (49,487) (49,487) Other equity instruments 12-h 2,298 798 Valuation adjustments (556) 4,603 EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT 446,254 517,676 Non-controlling interests 12-g (20) (117) EQUITY 446,234 517,559 Provisions 13 766 - Bank borrowings 14 190,229 103,478 Derivative financial instruments 15 3,861 1,963 Other non-current financial liabilities 2,207 319 Deferred tax liabilities 22-d 28,554 27,140 Other non-current liabilities 13 429 7,759 NON-CURRENT LIABILITIES 226,046 140,659 Provisions 13 106,952 99,489 Bank borrowings 14 74,355 76,655 Derivative financial instruments 15 5,367 3 Other current financial liabilities 2,764 2,160 Payable to suppliers 16 422,147 432,128 Other payables 16 54,973 36,505 Current tax liabilities - 838 Other current liabilities 10,609 3,875 CURRENT LIABILITIES 677,167 651,653 TOTAL EQUITY AND LIABILITIES 1,349,447 1,309,871 The accompanying Notes 1 to 28 are an integral part of the consolidated balance sheet as at 31 December 2017.