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Income Statement

Income statement of ProSiebenSat.1 Group

EUR m20132012ChangeChange in %
CONTINUING OPERATIONS
1. Revenues[8]2,605.32,356.2+249.1+10.6%
2. Cost of sales[9]-1,431.8-1,266.4-165.4-13.1%
3. Gross profit1,173.51,089.8+83.7+7.7%
4. Selling expenses[10]-243.5-229.9-13.7-6.0%
5. Administrative expenses[11]-285.7-243.9-41.8-17.2%
6. Other operating expenses[12]-0.8-28.6+27.8+97.2%
7. Other operating income[13]25.413.4+12.0+89.2%
8. Operating profit668.9600.9+68.0+11.3%
9. Interest and similar income6.53.0+3.4>+100%
10. Interest and similar expenses-135.0-156.2+21.2+13.6%
11. Interest result[14]-128.5-153.2+24.7+16.1%
12. Income from investments accounted for using the equity method[15]5.110.3-5.2-50.1%
13. Other financial result[15]-18.6-1.5-17.1>-100%
14. Financial result-142.0-144.4+2.4+1.7%
15. Profit before income taxes526.9456.5+70.4+15.4%
16. Income taxes[16]-162.2-127.4-34.8-27.3%
17. Profit for the period from continuing operations364.6329.1+35.6+10.8%
DISCONTINUED OPERATIONS
18. Profit from discontinued operations (net of income taxes)[3]-47.6-30.2-17.4-57.6%
19. Profit for the period317.0298.8+18.2+6.1%
 
Attributable to shareholders of ProSiebenSat.1 Media AG312.1295.0+17.1+5.8%
Non-controlling interests4.93.9+1.0+26.2%
 
EUR
Earnings per share
Basic earnings per share[17]1.471.39+0.08+5.8%
Diluted earnings per share[17]1.451.38+0.07+5.1%
 
Earnings per share from continuing operations
Basic earnings per share[17]1.691.53+0.16+10.5%
Diluted earnings per share[17]1.671.52+0.15+9.9%
 
Earnings per share from discontinued operations
Basic earnings per share[17]-0.22-0.14-0.08-57.1%
Diluted earnings per share[17]-0.22-0.14-0.08-57.1%

Statement of Comprehensive Income

Statement of comprehensive income of ProSiebenSat.1 Group

EUR m20132012ChangeChange in %
Profit for the period317.0298.8+ 18.2+ 6.1%
Items subsequently reclassified to profit or loss
Change in foreign currency translation adjustment1-16.645.1-61.7- / -
Changes in fair value of cash flow hedges214.7-27.2+41.9- / -
Deferred tax on other comprehensive income3-4.08.1-12.2- / -
Items subsequently not reclassified to profit or loss
Effects from valuation of pension obligations-0.9- / --0.9- / -
Deferred tax on effects from valuation of pension obligations0.2- / -+ 0.2- / -
Deconsolidation reclassifications-35.7- / --35.7- / -
Other comprehensive income for the period-42.326.0-68.3>-100.0%
Total comprehensive income for the period274.7324.9-50.2-15.5%
 
Attributable to shareholders of ProSiebenSat.1 Media AG269.7321.0-51.3-16.0%
Non-controlling interests5.03.9+ 1.1+ 28.8%

Statement of Financial Position

Statement of financial position of ProSiebenSat.1 Group

EUR m31.12.201331.12.2012Change
A. Non-current assets
I.Intangible assets[19]1,164.51,062.6+ 101.9
II.Property, plant and equipment[20]204.8198.7+ 6.1
III.Investments accounted for using the equity method[21]15.95.3+ 10.6
IV.Non-current financial assets[24]60.961.2-0.2
V.Programming assets[22]1,064.61,110.7-46.1
VI.Non-current tax assets0.00.00.0
VII.Other receivables and non-current assets[24]4.02.9+ 1.1
VIII.Deferred tax assets[16]20.725.8-5.1
2,535.42,467.1+ 68.3
B. Current assets
I.Programming assets[22]137.1166.2-29.2
II.Inventories[23]1.30.7+ 0.5
III.Current financial assets[24]4.8- / -+ 4.8
IV.Trade receivables[24]326.3268.7+ 57.6
V.Current tax assets49.337.8+ 11.5
VI.Other receivables and current assets[24]37.498.4-60.9
VII.Cash and cash equivalents[25]395.7702.3-306.5
VIII.Assets held for sale68.81,671.4-1,602.6
1,020.72,945.5-1,924.8
Total assets3,556.05,412.6-1,856.6

EUR m12/31/201312/31/2012Change
A.Equity[26]
I.Subscribed capital218.8218.8- / -
II.Capital reserves585.7581.6+ 4.1
III.Consolidated equity generated-55.8833.4-889.2
IV.Treasury shares-37.6-47.4+ 9.7
V.Accumulated other comprehensive income from continuing operations-97.0-102.0+ 5.0
VI.Accumulated other comprehensive income associated with assets and liabilities held for sale-15.631.8-47.4
VII.Other equity-24.6-20.5-4.1
Total equity attributable to shareholders of ProSiebenSat.1 Media AG573.91,495.8-922.0
VIII.Non-controlling interests10.25.0+ 5.2
584.11,500.8-916.7
B. Non-current liabilities
I.Non-current loans and borrowings[29]1,842.02,342.2-500.2
II.Other non-current financial liabilities[29]225.9317.0-91.1
III.Trade payables[29]20.6- / -+ 20.6
IV.Other non-current liabilities[30]4.44.40.0
V.Provisions for pensions[27]15.512.8+ 2.7
VI.Other non-current provisions[28]3.85.3-1.5
VII.Deferred tax liabilities[16]81.566.7+ 14.9
2,193.72,748.4-554.7
C. Current liabilities
I.Current loans and borrowings[29]0.0230.9-230.8
II.Other current financial liabilities[29]85.536.1+ 49.4
III.Trade payables[29]352.5322.2+30.3
IV.Other current liabilities[30]223.2202.6+ 20.5
V.Provisions for taxes21.420.8+ 0.6
VI.Other current provisions[28]55.452.2+3.2
VII.Liabilities associated with assets held for sale40.2298.6-258.4
778.31,163.4-385.2
Total equity and liabilities3,556.05,412.6-1,856.6

Cash Flow Statement

Cash flow statement of ProSiebenSat.1 Group

EUR m20132012
Profit from continuing operations364.6329.1
Profit from discontinued operations (net of income taxes)-47.6-30.2
of which gain on the sale of discontinued operations (net of tax)77.0- / -
Profit for the period317.0298.8
Income taxes162.2127.4
Financial result142.0144.4
Depreciation/amortization and impairment of intangible and tangible assets88.979.5
Consumption/reversal of impairment of programming assets847.2835.9
Change in provisions for pensions and other provisions21.312.1
Gain/loss on the sale of assets-3.2-4.0
Other non-cash income/expenses2.9-7.4
Cash flow from continuing operations1,626.11,517.0
Cash flow from discontinued operations108.2346.2
Cash flow total1,734.31,863.2
Change in working capital-14.8-32.8
Dividends received5.95.5
Income tax paid-135.6-129.1
Interest paid-137.0-160.0
Interest received3.81.6
Cash flow from operating activities of continuing operations1,348.31,202.1
Cash flow from operating activities of discontinued operations58.4363.1
Cash flow from operating activities total1,406.81,565.2
Proceeds from disposal of non-current assets3.60.2
Payments for the acquisition of intangible and tangible assets-93.8-88.4
Payments for the acquisition of financial assets-18.2-2.0
Proceeds from disposal of programming assets12.119.9
Payments for the acquisition of programming assets-860.2-843.3
Payments for loans to associated companies- / -- / -
Payments for loans to Group companies - not consolidated-2.6- / -
Payments for loans to other investments-0.8- / -
Cash flows from obtaining control of subsidiaries or other business-56.6-27.1
Cash flows from losing control of subsidiaries or other business-1.7-5.2
Cash flow from investing activities of continuing operations-1,018.3-945.8
Cash flow from investing activities of discontinued operations1,181.9-317.9
of which proceeds from disposal of discontinued operation (net of cash disposed of)1,312.39.2
Cash flow from investing activities total163.6-1,263.7
Free cash flow of continuing operations330.1256.3
Free cash flow of discontinued operations1,240.345.2
Free cash flow1,570.4301.5
Dividends paid-1,201.4-245.7
Repayment of interest-bearing liabilities-1,032.5-0.5
Proceeds from issuance of interest-bearing liabilities300.6230.8
Repayment of finance lease liabilities-9.0-9.6
Proceeds from the sale of treasury shares9.75.1
Repurchase of treasury shares- / -- / -
Payments for shares in other entities without change in control-1.40.1
Proceeds from the issue of share capital from non-controlling interests0.00.2
Payments in connection with refinancing measures-8.8-2.3
Dividend payments to non-controlling interests-10.5-9.1
Cash flow from financing activities of continuing operations-1,953.2-30.9
Cash flow from financing activities of discontinued operations-2.3-0.8
Cash flow from financing activities total-1,955.5-31.7
Effect of foreign exchange rate changes of continuing operations on cash and cash equivalents-0.92.5
Effect of foreign exchange rate changes of discontinued operations on cash and cash equivalents-2.22.4
Change in cash and cash equivalents total-388.2274.8
Cash and cash equivalents at beginning of reporting period792.6'517.9
Cash and cash equivalents at end of reporting period404.51792.61
Cash and cash equivalents classified under assets held for sale at end of reporting period-8.8-90.4
Cash and cash equivalents of continuing operations at end of reporting period (statement of financial position)395.7702.3

Statement of Changes in Equity

Statement of changes in equity of ProSiebenSat.1 Group 2012

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EUR mSubscribed capitalCapital reservesConsolidated equity generatedTreasury sharesAccumulated other comprehensive incomeOther equityTotal equity attributable to shareholders of ProSiebenSat.1 Media AGNoncontrolling interestsTotal equity
Foreign currency translation adjustmentFair value changes of cash flow hedgesValuation of provisions for pensionsDeferred taxes
December 31, 2011 — reported218.8575.5782.3-52.5-8.4-115.7- / -31.8-0.41,431.410.01,441.4
Adjustment from the adoption of IAS 19 (2011)- / -- / -3.8- / -- / -- / --5.31.5- / -0.0- / -0.0
December 31, 2011 — adjusted218.8575.5786.1-52.5-8.4-115.7-5.333.2-0.41,431.410.01,441.4
Profit for the period- / -- / -295.0- / -- / -- / -- / -- / -- / -295.03.9298.8
Other comprehensive income 1- / -- / -- / -- / -45.0-27.2- / -8.1- / -26.00.026.0
Total comprehensive income- / -- / -295.0- / -45.0-27.2- / -8.1- / -321.03.9324.9
Dividends paid- / -- / --245.7- / -- / -- / -- / -- / -- / --245.7-9.5-255.2
Share-based payments- / -6.3- / -- / -- / -- / -- / -- / -- / -6.3- / -6.3
Other changes- / --0.2-2.05.1- / -- / -- / -- / --20.1-17.10.6-16.5
December 31, 2012 — adjusted218.8581.6833.4-47.436.6-142.9-5.341.4-20.51,495.85.01,500.8

Statement of changes in equity of ProSiebenSat.1 Group 2013

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EUR mSubscribed capitalCapital reservesConsolidated equity generatedTreasury sharesAccumulated other comprehensive incomeOther equityTotal equity attributable to shareholders of ProSiebenSat.1 Media AGNoncontrolling interestsTotal equity
Foreign currency translation adjustmentFair value changes of cash flow hedgesValuation of provisions for pensionsDeferred taxes
December 31, 2012 – reported218.8581.6829.6-47.436.6-142.9- / -39.9-20.51,495.95.01,500.9
Adjustment from the adoption of IAS 19 (2011)- / -- / -3.8- / -- / -- / --5.31.5- / -0.0- / -0.0
December 31, 2012 – adjusted218.8581.6833.4-47.436.6-142.9-5.341.4-20.51,495.85.01,500.8
Profit for the period- / -- / -312.1- / -- / -- / -- / -- / -- / -312.14.9317.0
Other comprehensive income 1- / -- / -- / -- / --16.714.7-0.9-3.8- / --6.70.1-6.6
Deconsolidation reclassifications- / -- / -- / -- / --36.81.4- / --0.4- / --35.7- / --35.7
Total comprehensive income- / -- / -312.1- / --53.516.1-0.9-4.2- / -269.75.0274.7
Dividends paid- / -- / --1,201.4- / -- / -- / -- / -- / -- / --1,201.4-10.5-1,211.8
Share-based payments- / -9.2- / -- / -- / -- / -- / -- / -- / -9.2- / -9.2
Other changes- / --5.10.09.7- / -- / -- / -- / --4.10.510.711.2
December 31, 2013218.8585.7-55.8-37.6-16.9-126.8-6.237.2-24.6573.910.2584.1