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MEDIASET ESPAÑA COMUNICACIÓN, S.A.
16. GUARANTEE COMMITMENTS TOTHIRD PARTIES
The breakdown of guarantees provided as of 31 December 2011 and 2010 is as follows:
Type
2011
2010
Collateral for contracts, concessions and tenders
60,520
32,232
Legal guarantees
100
127
Guarantees deposited at the tax authorities
2,280
5,916
62,900
38,275
At 31 December 2011, the Company had EUR 77 thousand of guarantees (EUR 279 thousand at 31 December 2010)
deposited with the Directorate-General for the Development of the Information Society (Science and Technology
Ministry, currently the Ministry of Industry, Tourism and Trade) for an indefinite period to guarantee the refundable
advance granted by the Directorate-General to the company as aid for research and development in the following
projects: “Research and development of new tools for the technological evolution of production processes in digital
television,”“Research and development on an information system to manage contracts with electronic signatures and a
security and contingency plan”.
The Company has deposited EUR 60,443 thousand in guarantees required for its commercial activity (EUR 25,943
thousands in 2010).
The breakdown of the guarantees deposited with the tax authorities is as follows:
• A guarantee of EUR 2,091 thousand was deposited with the Tax and Customs Control Depar tment due to the
appeal against the tax settlement agreement which the Depar tment notified to the Company on 26 June 2009 and
which confirmed the proposal given in the assessment from the tax inspection dated 1 September 2008.This tax
inspection included the verification of the gaming tax in respect of bets and promotional draws, as well as raffles
and tombolas from September 2004 up to and including May 2008.
• To guarantee the late-payment interest, the amount of the guarantee was increased by EUR 85 thousand. (EUR
104 thousand en 2010).
• In 2010, a 3,543 thousand euro guarantee deposited with the Tax and Customs Control Depar tment due to the
appeal against the tax settlement agreement which said depar tment notified to the Company on 24 July 2009 and
which confirms the proposal given in the assessment from the tax inspection dated 1 September 2008. The tax
inspection included verification of income tax for 2004, 2005, 2006 and 2007. Despite executing the Central Tax
Cour t’s ruling of 3 December, which reduced the tax assessment by EUR 345 thousand, the guarantee at year-
end 2010 still covered the initial amount of EUR 3,543 thousand, which was subsequently increased by EUR 177
thousand to cover late-payment interest.