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FINANCIAL STATEMENTS, MANAGEMENT AND CORPORATE GOVERNANCE REPORT.
2011
The breakdown of the deductions is as follows:
Thousand of euros
2011
2010
Deductions pending 2009
-
3,606
Deductions pending 2010
5,694
8,685
Deductions pending 2011
15,626
-
21,320
12,291
The Company has availed itself of the deduction provided for in ar ticle 42 of Royal Legislative Decree 4/2004, of 5
March, which enacted the revised text of the Corporation Tax Law, in respect of income of EUR 1,637 thousand.This
amount was generated by the sale of 60% of the Company’s ownership in Cinematext Media, S.A., which was sold on
30 September 2009.
The Company 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 analyzed the reversal period of
taxable temporary differences. Based on this analysis, the Company has recognised deferred tax assets for tax credits
and deductible temporary differences which it considers probable will be recoverable in the future.
15.3 Deferred tax liabilities
The breakdown and movements in the various items composing Deferred tax liabilities are as follows:
Thousand of euros
Opening balance
at 1 January
Income
statement
Equity Reclassifications
Closing balance
at 31 December
2011
Deferred tax liabilities
Other
1,194
(70)
-
1,219
2,343
Tax amortisation of goodwill
-
1,823
-
-
1,823
Tax amortisation of signal
transmission license
-
1,062
-
-
1,062
1,194
2,815
-
1,219
5,228
2010
Deferred tax liabilities
Other
1,440
(246)
-
-
1,194
1,440
(246)
-
1,194
The deferred tax liability mainly relates to taxable temporary differences arising from consolidation adjustments of the
tax group and tax amor tisation of intangible assets with an indefinite useful life (goodwill and signal transmission license).