10 / 148
Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with
the regulatory financial reporting framework applicable to the Group (see Notes 2 and 28).
In the event of a discrepancy, the Spanish-language version prevails.
ATRESMEDIA CORPORACIÓN DE MEDIOS DE COMUNICACIÓN, S.A.
AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2014
Thousands of euros
2014
2013
1.- CASH FLOWS FROM OPERATING ACTIVITIES
Consolidated profit for the year before tax
95,327
47,807
Adjustments for:
38,874
26,952
- Depreciation and amortisation charge
16,402
17,286
- Provisions and other
10,190
(547)
- Provisions
6,532
(5,395)
- Net impairment losses (+/-):
1,440
3,775
- Result of companies accounted for using the equity method
2,218
1,073
- Financial result
12,282
10,213
Changes in working capital
(33,333)
(7,800)
Cash flows from operating activities
100,868
66,959
Income tax paid
(18,873)
(5,751)
Net cash flows from operating activities
81,995
61,208
2.- CASH FLOWS FROM INVESTING ACTIVITIES
Investments
(48,565)
(31,798)
Subsidiaries, joint ventures and associates
(13,995)
(6,771)
Property, plant and equipment and intangible assets
(34,570)
(25,027)
Disposals
-
11,050
Subsidiaries, joint ventures and associates
-
11,050
-
-
Net cash flows from investing activities
(48,565)
(20,748)
3.- CASH FLOWS FROM FINANCING ACTIVITIES
Finance costs paid
(16,506)
(17,922)
Financing - Associates and related companies
(33,546)
(40,111)
-
Dividends paid
(46,916)
(70,195)
Bank borrowings
(41,380)
68,823
Sell of own shares
79,680
Capital Contributions
37
Net cash flows from financing activities
(58,631)
10,790
NET INCREASE / DECREASE IN CASH
(25,201)
51,250
Cash and cash equivalents at beginning of year
56,282
4,973
Changes in the scope of consolidation/IFRSs
-
59
Cash and cash equivalents at beginning of year - new scope of consolidation
56,282
5,032
Cash and cash equivalents at end of year
31,081
56,282
The accompanying Notes 1 to 28 are an integral part of the consolidated statement of cash flows for 2014.
Translation of consolidated financial statements originally issued in Spanish and prepared in accordance
with the regulatory financial reporting framework applicable to the Group (see Notes 2 and 28). In the
event of a discrepancy, the Spanish-language version prevails.