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The Parent's shareholders at the Annual General Meeting held on 25 April 2012 approved the
merger involving the absorption by Atresmedia Corporación de Medios de Comunicación, S.A.
(absorbing company) of Gestora de Inversiones Audiovisuales La Sexta, S.A., under the draft
terms of merger filed with the Madrid Mercantile Registry on 7 February 2012.
The merger was authorised by the Spanish anti-trust authorities on 24 August 2012, by
virtue of a resolution adopted by the Spanish Cabinet on the same date.
On 5 October 2012, the Spanish Cabinet also resolved to authorise the transfer of the
audiovisual communication licence held by La Sexta and the assignment for private use of
the associated public radioelectric domain. From that date onwards, the operations of La
Sexta are deemed to be performed for accounting purposes by Atresmedia Corporación de
Medios de Comunicación, S.A.
The public deed of merger of Atresmedia Corporación de Medios de Comunicación, S.A. with
Gestora de Inversiones Audiovisuales La Sexta, S.A. was filed with the Madrid Mercantile
Registry on 31 October 2012, and as a result the latter was dissolved and all its assets and
liabilities were transferred en bloc to the former.
The Parent is obliged to prepare, in addition to its own separate financial statements, the
Group’s consolidated financial statements, which also include its interests in joint ventures
and investments in associates.
In view of the business activities carried on by the Group companies, they do not have any
environmental liability, expenses, assets, provisions or contingencies that might be material
with respect to the equity, financial position and results of operations of the corporate Group.
Therefore, no specific disclosures relating to environmental issues are included in these notes
to the consolidated financial statements.
2.
Basis of presentation of the consolidated financial statements and basis of
consolidation
a)
Basis of presentation
These consolidated financial statements were prepared, on the basis of the accounting
records kept by the Parent and by the other Group companies, in accordance with
International Financial Reporting Standards as adopted by the European Union (EU-
IFRSs), in conformity with Regulation (EC) no. 1606/2002 of the European Parliament
and of the Council.
The Group's consolidated financial statements were formally prepared taking into
account all the mandatory accounting principles and rules and measurement bases with a
material effect on the consolidated financial statements, as well as the alternative
treatments permitted by the relevant standards in this connection, and, accordingly, they
present fairly the Group's consolidated equity and consolidated financial position at 31
December 2015 and its results, the changes in consolidated equity and the consolidated
cash flows in the year then ended.
However, since the accounting policies and measurement bases used in preparing the
Group's consolidated financial statements for 2015 (EU-IFRSs) differ from those used by
the Group companies (Spanish National Chart of Accounts), the required adjustments
and reclassifications were made on consolidation to unify the policies and methods used
and to make them compliant with EU-IFRSs. In addition to the International Financial
Reporting Standards adopted by the EU (EU-IFRSs), all the requirements included in the
Spanish Commercial Code and the Spanish Limited Liability Companies Law were applied
in these consolidated financial statements, as well as such other aspects of Spanish
accounting regulations in force as might be applicable.
The 2015 consolidated financial statements of the Group and the 2015 separate financial
statements of the Group companies, which were formally prepared by the companies'
respective directors, will be submitted for approval at the related Annual General
Meetings, and it is considered that they will be approved without any changes.