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MEDIASET ESPAÑA COMUNICACIÓN, S.A.
15.2 Deferred tax assets
The breakdown is as follows:
Thousand of euros
2011
2010
Deferred tax assets
109,770
99,039
Unused tax credits and rebates
21,320
12,291
131,090
111,330
The changes in the items composing “Deferred tax assets” are as follows:
Thousand of euros
2011
Balance
at 1
January
Additions
from
merger
Income
statement
Equity Reclassifications
Balance
at 31
December
Deferred tax assets
Impairment audiovisual
rights
-
-
2,534
-
(32)
2,502
Rights management
institutions
174
124
611
-
-
909
Provisions, subsidiaries
98,865
1,940
2,228
-
-
103,033
Other provisions
-
285
1,790
-
1,251
3,326
99,039
7,163
-
1,219
109,770
2010
Balance at
1 January
Additions
from merger
Income
statement
Equity Reclassifications
Balance
at 31
December
Deferred tax assets
Impairment audiovisual
rights
3,367
(3,367)
-
-
Rights management
institutions
7,183
(7,009)
-
174
Provisions, subsidiaries
69,700
29,165
-
98,865
80,250
18,789
-
-
99,039
The Company has no unused loss carryforwards. In 2011, tax losses amounting to EUR 43,788 thousand were offset at
Compañía Independiente de Noticias deTelevisión, S.L.U. and Sociedad General deTelevisión Cuatro, S.A.U., which were
merged into Mediaset España Comunicación, S.A.
At 31 December 2011 unused tax credits for audiovisual productions amount to a total of EUR 21,320 thousand (EUR
12,291 thousand at 31 December 2010) which can be recovered over the next 10 years.