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. 3 ATRESMEDIA CORPORACIÓN DE MEDIOS DE COMUNICACIÓN, S.A. STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2017 AND 2016 A) STATEMENT OF RECOGNISED INCOME AND EXPENSE (Thousands of euros) 2017 2016 PROFIT FOR THE YEAR (I) 137,292 124,489 Income and expense recognised directly in equity: - Cash flow hedges (7,432) 3,306 - Tax effect 2,042 (826) TOTAL INCOME AND EXPENSE RECOGNISED DIRECTLY IN EQUITY (II) (5,390) 2,480 Amounts transferred to the income statement: - Cash flow hedges 318 (749) - Tax effect (87) 187 TOTAL AMOUNTED TRANSFERRED TO THE INCOME STATEMENT (III) 231 (562) TOTAL CONSOLIDATED RECOGNISED INCOME AND EXPENSE (I+II+III) 132,133 126,407 Notes 1 to 21 to the accompanying financial statements are an integral part of the statement of recognised income and expense for the year ended 31 December 2017