Consolidated Annual Accounts 2017

Atresmedia Corporación de Medios de Comunicación, S.A. 2017 FINANCIAL STATEMENTS 54 20.2 Audit fees Fees for financial audit and other professional services provided by the statutory auditor of the Company, or by a firm in the same group or related to the auditor (in thousands of euros): Audit of financial statements Other audit- related services Tax advisory services Other services 2017 111 34 - - 2016 104 46 - - “Other audit-related services” includes mainly the limited review of the condensed interim consolidated financial statements for the six months ended 30 June 2017 and the agreed-up procedures report on compliance with covenants in financing transactions. Information on services provided by KPMG Auditores, S.L. to companies controlled by the Company in 2017, where applicable, are disclosed in the consolidated financial statements of Atresmedia Corporación de Medios de Comunicación, S.A. and subsidiaries for the year ended 31 December 2017. The Annual Corporate Governance Report includes a description of the work of the Audit Committee and an explanation of how the auditor's objectivity and independence is guaranteed when providing non-audit services. 20.3 Off-balance sheet agreements The Company has provided bank guarantees to third parties, primarily to respond to the obligations arising from the concession of television licences. The amounts of these guarantees in 2017 and 2016 were EUR 30,520 thousand and EUR 19,496 thousand, respectively. The Company’s directors consider that any liabilities not foreseen at 31 December 2017 that might arise from the guarantees provided would not be material. 21.- Events after the reporting period On 22 February 2018, the Spanish National Markets and Competition Commission (CNMC) initiated disciplinary proceedings against Atresmedia Corporación de Medios de Comunicación, S.A. and subsidiary Atres Advertising, S.L. Unipersonal for alleged unfair trade practices. The commencement of these proceedings does not prejudge the final outcome of the investigation and case, expected to resolved within a period of 18 months. In the opinion of the Company’s directors and legal advisers, no offence was committed in the Group's commercial activity, duly noting that the particularly restrictive conditions imposed on the merger with La Sexta and existing for five years have been eliminated. Moreover, no practice is carried out that could be considered restrictive. However, as a preventative measure, a fine by the CNMC on the Atresmedia Group cannot be ruled out. The amount of a potential is impossible to quantify at present, let alone any reliable estimate, as the proceeding has only just begun and due to the lack of information available on the precise scope of the proceedings and the grounds claimed by the CNMC for initiating them. Any financial penalty will be appealed before the competent courts. 22.- Explanation added for translation to English These financial statements are presented on the basis of the regulatory financial reporting framework applicable to the Company in Spain (see Note 2). Certain accounting practices applied by the Company that conform with that regulatory framework may not conform with other generally accepted accounting principles and rules.