Page 159 - MEDIASET ESPAÑA / 2012. Financial Statements, Management and Corporate Governance Report

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FINANCIAL STATEMENTS AND MANAGEMENT. ANNUAL CORPORATE GOVERNANCE REPORT. BALANCE SHEETS 2012
19.4. Income tax
The reconciliation of net income and expenses for the year with tax results is as follows:
2012 2011
CONSOLIDATED INCOME STATEMENT
Current income tax
Current income tax expense 25,660 61,228
Deferred tax liabilities
Relating to increases and decreases in temporary differences (22,871) (22,746)
2,789 38,482
2012 2011
CONSOLIDATED PROFIT BEFORE TAX 52,332 151,131
Tax rate 15,700 45,339
Permanent differences 1,477 9,195
Tax credits and rebates (14,388) (16,052)
2,789 38.482
In 2012 and 2011, the Group has not allocated to consolidated equity any amount that would have a tax effect.
19.5. Deferred taxes
The tax effect was calculated by applying the applicable tax rate in the year each item was generated to the
corresponding amount, adjusted for the effect of the change in tax legislation in the current year.
2012 Balance at
12/31/11 Increases Decreases Transfer Balance at
12/31/12
Deferred taxes:
Provisions for fixed assets impairment - - - - -
Provision for litigation 910 - (429) - 481
Other concepts 135,005 2,401 (622) - 136,784
Unused tax deductions 22,209 16,959 - - 39,168
Loss carryforwards - - - - -
Total deferred tax assets 158,125 19,360 (1,051) - 176,434