Page 160 - MEDIASET ESPAÑA / 2012. Financial Statements, Management and Corporate Governance Report

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MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
2011 Balance at
12/31/10 Increases Decreases Transfer Balance at
12/31/11
Deferred taxes:
Provisions for fixed assets impairment - - - - -
Provision for litigation 175 735 - - 910
Other concepts 122,294 15,386 (332) (2,343) 135,005
Unused tax deductions 12,290 17,968 (8,049) - 22,209
Loss carryforwards 25,291 - (25,292) - -
Total deferred tax assets 160,050 34,089 (33,673) (2,343) 158,125
2012 Balance at 12/31/11 Increases Decreases Transfers Balance at 12/31/12
Other items 2,343 77 - - 2,420
Intangible assets 2,962 1,274 (49) - 4,187
Total deferred tax liability 5,305 1,351 (49) - 6,607
2011 Balance at 12/31/10 Increases Decreases Transfers Balance at 12/31/11
Other items - - - 2,343 2,343
Intangible assets - 2,962 - - 2,962
Total deferred tax liability - 2,962 - 2,343 5,305
Deferred tax liabilities on intangible assets arise from the deductibility of goodwill and the license acquired.
The unused tax credits mainly relate to tax credits for investments in film productions.These tax credits may be used
over the next 10 years.
(Thousands of euros)
2012 2011
Deductions pending 2010 2,916 6,583
Deductions pending 2011 15,626 15,626
Deductions pending 2012 20,626 -
39,168 22,209
Other relates mainly to the temporary difference generated by the impairment of the investee Edam Acquisition
Holding I Cooperative U.A.
The Group 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 Group has recognized deferred tax assets for tax credits and
deductible temporary differences which it considers probable will be recoverable in the future.