Consolidated Annual Accounts 2017

Atresmedia Corporación de Medios de Comunicación, S.A. and Subsidiaries 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. 2017 CONSOLIDATED FINANCIAL STATEMENTS 14 b) Basis of consolidation Subsidiaries Subsidiaries included the scope of consolidation: Company name Registered address Year incorporated Activity Owner 2017 % Antena 3 Multimedia, S.L.U. Madrid 2004 Audiovisual services Atresmedia Corporación de Medios de Comunicación, S.A. 100 Antena 3 Noticias, S.L.U. (*) Madrid 2012 Audiovisual productions Atresmedia Corporación de Medios de Comunicación, S.A. 100 Atres Advertising, S.L.U. (*) Madrid 2004 Advertising management Atresmedia Corporación de Medios de Comunicación, S.A. 100 Atresmedia Cine, S.L.U. (*) Madrid 2000 Audiovisual productions Atresmedia Corporación de Medios de Comunicación, S.A. 100 Atresmedia Foto, S.L. Madrid 2013 Manufacture and sale of photo albums and promotional materials Atresmedia Corporación de Medios de Comunicación, S.A. 100 Atresmedia Música, S.L.U. Madrid 2015 Management of music rights Atresmedia Corporación de Medios de Comunicación, S.A. 100 Atresmedia Studios, S.L.U. (formerly Cordina Planet, S.L.U.) Madrid 2010 Production, distribution, dissemination and marketing of audiovisual content Atresmedia Corporación de Medios de Comunicación, S.A. 100 Flooxplay, S.L.U. Madrid 2015 Production and distribution of audiovisual content Atresmedia Corporación de Medios de Comunicación, S.A. 100 Música Aparte, S.A.U. (*) Madrid 1990 Management of copyrights Atresmedia Corporación de Medios de Comunicación, S.A. 100 Smartclip Latam, S.L. (*) Madrid 2015 Provision of advertising services Atres Advertising, S.L.U. 94.82 Smartclip Hispania, S.L. (*) Madrid 2008 Advertising services in digital environments Smartclip Latam, S.L. 100 Smartclip Comunicacao Ltda (*) Sao Paulo 2012 Advertising services in digital environments Smartclip Latam, S.L. 76 Smartclip México S.A.P.I. de C.V. (*) Mexico City 2011 Advertising services in digital environments Smartclip Latam, S.L. 99.99 Adconion Brasil, S.L. Sao Paulo 2014 Dormant Smartclip Latam, S.L. 99.99 Uniprex, S.A.U. (*) Madrid 1982 Radio broadcasting services Atresmedia Corporación de Medios de Comunicación, S.A. 100 Antena 3 Televisión Digital Terrestre de Canarias, S.A.U. Las Palmas 2006 Local digital terrestrial television Uniprex, S.A.U. 100 Canal Media Radio, S.A.U. Madrid 1997 Radio broadcasting services Uniprex, S.A.U. 100 Uniprex Televisión Digital Terrestre de Andalucía, S.L. Seville 2006 Local digital terrestrial television Uniprex, S.A.U. 74.2 Uniprex Televisión, S.L.U. (*) Madrid 2004 Indirect management of TV service Uniprex, S.A.U. 100 Uniprex Valencia TV, S.L.U. Valencia 2005 Local digital terrestrial television Uniprex, S.A.U. 100 (*) Audited companies. Subsidiaries over which the Group exercises control are fully consolidated and all their assets, liabilities, income, expenses and cash flows are included in the consolidated financial statements after making adjustments to adapt the accounting policies used to those applied by the Group, and adjustments and eliminations relating to intra-Group transactions. The profit or loss of subsidiaries acquired during the year are included in the consolidated statement of profit or loss only from the acquisition date to the year-end.