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MEDIASET ESPAÑA COMUNICACIÓN, S.A.
Value added tax
In 2010, the Company has filed consolidated tax as regulated by Chapter IX,Title IX of Law 37/1992. As a result, it has
presented consolidatedVAT for tax group 049/99, which comprises:
• Mediaset España Comunicación, S.A., as the parent
• Telecinco Cinema, S.A.U.
• Publiespaña, S.A.U.
• Mediacinco car tera, S.L.
Presenting consolidatedVAT generates a short-term payable to Group companies for the tax effect (Note 19).
The breakdown of balances relating to income tax assets and liabilities at 31 December is as follows:
Thousand of euros
2011
2010
deferred tax liabilities
(5,228)
(1,194)
(5,228)
(1,194)
VAT
(4,869)
(5,719)
Personal income tax withholdings
(2,927)
(1,853)
Social security
(1,224)
(683)
Levy to finance RTVE
(4,152)
(8,824)
Gaming tax
(468)
-
Other payables to public administrations
(13,640)
(17,079)
Deferred tax assets
109,770
99,039
Unused tax deductions and relief
21,320
12,291
Other receivables from public administrations
131,090
111,330
Income tax
12,145
999
12,145
999
15.1. Income tax
The reconciliation of net income and expenses for the year with tax results is as follows:
Thousand of euros
2011
Income statement
Income and expenses directly
recognised in equity
Increase Decrease Total
Increase Decrease Total
Income and expenses for the year
Continuing operations
137,264
-
137,264
-
-
-
Discontinued operations
-
-
-
-
-
-
137,264
-
137,264
-
-
-
Income tax
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