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MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
2011
Balance at
31/12/10
Increases
Decreases Transfers
Balance at
31/12/11
Other items
-
-
-
2,343
2,343
Intangible assets
-
2,962
-
2,962
Total deferred tax liability
-
2,962
-
2,343
5,305
Deferred tax liabilities on intangible assets arise from the deductibility of goodwill and the license acquired.
The unused tax credits mainly relate to tax credits for investments in film productions.These tax credits may be used
over the next 10 years.
Other relates mainly to the temporary difference generated by the impairment of the investee Edam Acquisition
Holding I Cooperative U.A.
The Group estimated the taxable profits which it expects to obtain over the next five fiscal years (period for which it
considers the estimates to be reliable) based on budgeted projections. It has likewise analysed the reversal period of
taxable temporary differences. Based on this analysis, the Group has recognised deferred tax assets for tax credits and
deductible temporary differences which it considers probable will be recoverable in the future.
20. GUARANTEE COMMITMENTS TOTHIRD PARTIES
The breakdown, by nature, of the guarantees provided and received at 31 December 2011 and 31 December 2010
are as follows:
(Thousands of euros)
Nature of Guarantee
31/12/11
31/12/10
Guarantees provided
Surety bonds for contracts, concessions and
tenders
67,373
38,148
Payments into court
27
127
67,400
38,275
Guarantees received
37,779
20,575
20.1. Guarantees provided
The Group has provided guarantees totalling EUR 77 thousand to the Directorate-General for the Development
of the Information Society (Ministry of Science and Technology, now the Ministry of Industry and Tourism) for an
indefinite period of time to secure the repayable advances granted by that Directorate-General as aid for research and
development in the following projects:
• Research and development of new tools for technological advancement in production processes in digital television.