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 43 d) Contributions to consolidated profit/(loss) by company Contributions to the consolidated profit/(loss) for the year of fully consolidated companies and companies accounted for using the equity method at 31 December 2017 and 2016: Thousands of euros 2017 2016 Atresmedia Corporación de Medios de Comunicación subgroup 122,188 107,870 Uniprex subgroup 10,627 12,154 Other 9,293 9,089 Total 142,108 129,113 e) Treasury shares Treasury shares held by the Parent at the end of 2017 and 2016: Year No. of shares Par value (euros) Average acquisition price (euros) Total cost (thousands of euros) 2017 791,880 593,910 11.13 8,810 2016 791,880 593,910 11.13 8,810 At 31 December 2017, the shares of the Parent held by it represented 0.351% of the Parent's share capital and totalled 791,880 shares, with a value of EUR 8,810 thousand and an average acquisition price of EUR 11.13 per share Changes in treasury shares in 2017 and 2016: Number of shares 2017 2016 At beginning of year 791,880 789,738 Acquisitions (Note 26) - 791,880 Delivery of shares (Note 12.h) - (789,738) At end of year 791,880 791,880 In order to fulfil remuneration scheme obligations with the delivery of shares (see Note 26), the Parent holds 791,880 treasury shares. These shares were acquired over the course of 2016 for EUR 8,931 thousand. In June 2016, pursuant to the partial novation of the integration agreement entered into on 14 December 2011, which definitively concluded a series of matters of the initial integration agreement for the merger with Gestora de Medios Audiovisuales la Sexta, S.A., the Company transferred to Gala Desarrollos Comerciales, S.L. the remaining portion of the aforementioned additional ownership interest equal to 0.350% of the Company's share capital, i.e. a total of 789,738 shares. Shareholders at the General Meeting held on 22 April 2015 approved a resolution authorising the Parent to acquire treasury shares provided that they did not exceed the maximum legal limit permitted by law at any given time. This limit is set at 10% of the subscribed share capital by Article 509 of the Spanish Companies Act, approved by Legislative Royal Decree 1/2012, of 2 July. This authorisation is in force until 2020 and
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