86
2013
Annual Report
22
NOTE 8
.- Non-current Investments in Group companies and Associates
During 2013 and 2012 there has been no significant movement in investments in Group companies and
associates, none of which are listed on the stock exchange.
The balance at 31 December 2013 and 2012 reflects the following:
At 31 December 2013 and 2012 the Company is the Parent of a group of companies, comprising eight limited
liability subsidiaries (seven of which are dormant) and, in any case, with no material effect. At the date of
authorisation for issue of the accompanying annual accounts, the liquidation of six of these companies has been
filed at the Mercantile Registry, while the other two companies are in the process of being liquidated.
Investments in associates, none of which are listed on the stock exchange, represent a 25% direct interest in
Andornet, domiciled in Andorra and currently dormant, and a 20% direct interest in Hamaika Telebista,
domiciled in Bilbao and engaged in promoting the creation of local television stations that broadcast in the
Basque language (Euskera).
Group
companies Associates
Total
Group
companies Associates
Total
Gross amounts
24
540
564
24
500
524
Provisions for impairment
-
(540)
(540)
-
(500)
(500)
Total
24
-
24
24
-
24
2013
2012
