33 / 140
In 2001 the Group began to file consolidated tax returns. Atresmedia Corporación de
Medios de Comunicación, S.A. is the Parent of this consolidated tax group (see Note 21).
p)
Foreign currency transactions
The functional currency of the Parent and its investees is the euro. Therefore,
transactions in currencies other than the euro are deemed to be “foreign currency
transactions” and are recognised by applying the exchange rates prevailing at the date of
the transaction.
q)
Consolidated statements of cash flows
The following terms are used in the consolidated statements of cash flows with the
meanings specified:
Cash flows: inflows and outflows of cash and cash equivalents, which are short-term,
highly liquid investments that are subject to an insignificant risk of changes in value.
Operating activities: the principal revenue-producing activities of the Group and other
activities that are not investing or financing activities.
Investing activities: the acquisition and disposal of long-term assets and other
investments not included in cash and cash equivalents.
Financing activities: activities that result in changes in the size and composition of equity
and borrowings that are not operating activities.
r)
Earnings per share
Basic earnings per share are calculated by dividing net profit for the year attributable to
the Parent by the weighted average number of ordinary shares of the Parent outstanding
during the year.
The Group has not carried out transactions of any kind that have led to diluted earnings
per share differing from basic earnings per share (see Note 23).
4. Goodwill
The changes in “Goodwill” in the consolidated balance sheets in 2015 and 2014 were as
follows:
Thousands of euros
Balance at
31/12/13
Additions/
Disposals
Balance at
31/12/14 Impairment Balance at
31/12/15
RADIO BUSINESS:
Uniprex, S.A.U.
148,113
-
148,113
-
148,113
Canal Media Radio, S.L.U.
1,899
-
1,899
-
1,899
Canal Media Radio Galicia, S.A.U.
-
-
-
-
-
Ipar Onda, S.A.U.
-
-
-
-
-
OTHER BUSINESSES:
Cordina Planet, S.L.U.
3,181
-
3,181
(3,181)
-
TOTAL
153,193
-
153,193
(3,181)
150,012
The Group periodically assesses the recoverability of the goodwill described in the foregoing
table, considering the cash-generating units on the basis of the business activities of its
subsidiaries, which at year-end were the radio business and other businesses.