Consolidated Annual Accounts 2017

Translation of financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Company in Spain (see Notes 2 and 22). In the event of discrepancy, the Spanish-language version prevails. 1 ATRESMEDIA CORPORACIÓN DE MEDIOS DE COMUNICACIÓN, S.A. BALANCE SHEET AS AT 31 DECEMBER 2017 AND 2016 (Thousands of euros) ASSETS Notes 2017 2016 EQUITY AND LIABILITIES Notes 2017 2016 NON-CURRENT ASSETS 568,277 575,462 EQUITY 389,954 463,267 Intangible assets 5 71,196 78,421 SHAREHOLDERS' EQUITY- 12 Licences and trademarks 60,199 67,057 Capital 207,604 207,604 Computer software 10,129 10,037 Registered share capital 169,300 169,300 Other intangible assets 868 1,327 Share premium 38,304 38,304 Property, plant and equipment 6 35,926 36,599 Reserves 101,613 184,070 Land and buildings 20,800 21,836 Legal and bylaw reserves 42,474 42,474 Plant and other items of property, plant and equipment 15,006 14,762 Other reserves 59,139 141,596 Property, plant and equipment in progress 120 1 Treasury shares (8,810) (8,810) Non-current investments in group companies and associates 8 and 19.2 203,221 205,034 Other equity instruments 2,298 798 Equity instruments 119,642 117,661 Profit for the year 137,292 124,489 Loans to companies 83,579 87,373 Interim dividend (49,487) (49,487) Non-current investments 8 and 10 19,378 17,252 VALUATION ADJUSTMENTS- Other financial assets 19,378 17,252 Hedges (556) 4,603 Deferred tax assets 16 238,556 238,156 NON-CURRENT LIABILITIES 209,186 129,396 CURRENT ASSETS 657,327 660,539 Non-current payables 14.1 194,134 112,630 Inventories 11 373,883 383,011 Bank borrowings 190,229 103,478 Programme rights 365,931 376,460 Derivatives 10 3,861 1,963 Raw and other materials 4,057 3,785 Other non-current payables 44 7,189 Advances to suppliers 3,895 2,766 Non-current payables to group companies and associates 19.2 2 2 Trade and other receivables 210,813 194,429 Deferred tax liabilities 16 15,050 16,764 Trade receivables 20,396 10,273 Trade receivables from group companies and associates 19.2 181,006 176,485 CURRENT LIABILITIES 626,464 643,338 Other receivables 1,889 2,246 Current provisions 13 26,651 27,443 Employee receivables 62 94 Bank borrowings 14.2 74,328 76,499 Current tax assets 16 7,288 5,167 Financial derivatives 10 5,367 3 Other receivables from public authorities 16 172 164 Current payables to group companies and associates 19.2 76,642 91,832 Current investments in group companies and associates 19.2 38,382 49,801 Trade and other payables 443,424 447,509 Loans to companies 38,382 49,801 Payable to suppliers 353,001 359,004 Current investments 8 4,959 28,899 Payable to suppliers, group companies and associates 19.2 55,520 64,591 Derivatives 10 23 8,767 Other payables 31 29 Investments 19.2 1,948 101 Employee receivables 9,011 12,488 Other financial assets 2,988 20,031 Current tax liabilities - 838 Current prepayments and accrued income 7,614 3,675 Other payables to public authorities 16 24,764 10,194 Cash and cash equivalents 21,676 724 Advances from customers 1,098 365 Cash 21,676 724 Current accruals 52 52 TOTAL ASSETS 1,225,604 1,236,001 TOTAL EQUITY AND LIABILITIES 1,225,604 1,236,001 The accompanying Notes 1 to 21 are an integral part of the balance sheet as at 31 December 2017.