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. 2 ATRESMEDIA CORPORACIÓN DE MEDIOS DE COMUNICACIÓN, S.A. STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 DECEMBER 2017 AND 2016 (Thousands of euros) Notes 2017 2016 CONTINUING OPERATIONS Revenue 18.1 799,712 802,882 Advertising revenue 799,712 802,882 Procurements 18.2 (457,470)(455,826) Programme amortisation and other (695,387) (682,234) Raw materials and other consumables used (2,118) (2,001) Inventories 240,035 228,409 Other operating income 59,004 49,417 Non-core and other current operating income/Other services 59,004 49,417 Staff costs (45,716) (50,026) Salaries and wages (38,861) (43,503) Employee benefits expense 18.3 (6,855) (6,523) Other operating expenses 18.4 (218,366)(214,312) External services (217,297) (212,701) Taxes other than income tax (966) (968) Losses, impairment and change in trade provisions (103) (643) Depreciation and amortisation 5 and 6 (20,799) (21,254) Provision surpluses 13 2,597 2,878 Impairment and gains/(losses) on disposals of non-current assets 6 23 8 Gains/(losses) on disposals and other 23 8 PROFIT FROM OPERATIONS 118,985 113,767 Finance income 18.5 51,528 36,739 Dividends 47,639 32,400 - Group companies and associates 19.1 47,639 32,400 Marketable securities and other financial instruments 3,889 4,339 - Group companies and associates 19.1 3,214 3,798 - Other 675 541 Finance costs 18.5 (7,365) (6,205) On payables to group companies and associates 19.1 (513) (588) On payables to third parties (6,852) (5,617) Changes in fair value of financial instruments 18.6 (13,877) (6,919) Financial assets and liabilities held for trading and other (13,877) (6,919) Exchange differences 17 16,831 7,908 Impairment and gains/(losses) on disposal of financial instruments (8,044) 11,116 Impairment and losses 8.3 (5,934) 9,902 Gains/(losses) on disposals and other (2,110) 1,214 FINANCIAL PROFIT 39,073 42,639 PROFIT/(LOSS) BEFORE TAX 158,058 156,406 Income tax expense 16.4 (20,766) (31,917) PROFIT FOR THE YEAR 137,292 124,489 The accompanying Notes 1 to 22 are an integral part of the statement of profit or loss for the year ended 31 December 2017.