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FINANCIAL STATEMENTS, MANAGEMENT AND CORPORATE GOVERNANCE REPORT.
2011
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Recoverability of deferred tax assets
If the Group or any of the Group companies present tax credits relating to deferred tax assets, the corresponding
estimates of tax loss carryforwards expected in future years are reviewed at year end to assess their recoverability and,
if applicable, recognise the related impairment loss where recoverability is not assured.
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Provisions
The Company recognises provisions for risks in accordance with the accounting policy set for th in Note 4.19. The
Group has made judgements and estimates regarding the probability of the occurrence of said risks, as well as the
amount thereof, and has recognised a provision when the risk has been considered likely, estimating the cost that such
an occurrence would represent for it.
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Share based payments
The Group measures the cost of equity-settled transactions with employees by reference to the fair value of the equity
instruments at the date at which they are granted. Estimating fair value for share-based payments requires determining
the most appropriate valuation model for a grant of equity instruments, which is dependent on the terms and conditions
of the grant.This also requires determining the most appropriate inputs to the valuation model including the expected
life of the option, volatility and dividend yield and making assumptions about them.
2.4. Comparison of information
The Group completed the purchase price allocation related to the acquisition of the Sogecuatro Group in the year
ended 31 December 2011.
In this process, it identified assets with fair values that were different to the fair values identified provisionally at 31
December 2010. The final fair values were assigned retrospectively to 31 December 2010. Accordingly, the figures for
2010 were restated, as follows:
2010 (*)
2010 (**)
Intangible asset
5,707
250,372
Audiovisual Rigths
264,864
265,343
Goodwill
537,080
287,357
Deferred tax assets
154,049
160,050
Inventories
11,710
10,288
(*) Figures to 2010 as per the consolidated financial statements for 2010.
(**) Figures for 2010 after the definitive purchase price allocation in the acquisition of the Sogecuatro Group.