Page 161 - 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
20. GUARANTEE COMMITMENTS TOTHIRD PARTIES
The breakdown, by nature, of the guarantees provided and received at December 31, 2012 and December 31, 2011,
are as follows:
(Thousands of euros)
Nature of guarantee 12/31/12 12/31/11
Guarantees provided
Surety bonds for contracts, concessions, and tenders 27,923 67,373
Payments into court 3,600 27
31,523 67,400
Guarantees received 32,817 37,779
20.1. Guarantees provided
The Group has provided guarantees totaling 2,363 thousand euros to the Tax and Customs Control Department due
to the appeal against the tax settlement agreement of which the Department notified the Group on June 26, 2009
and which confirmed the proposal given in the assessment from the tax inspection dated September 1, 2008.The 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 (Note 16).
To guarantee the late-payment interest, the amount of the guarantee was increased by 84 thousand euros.
The Group has deposited 25.5 million euros in guarantees required for its commercial activity in 2012 (2011: 65 million).
20.2. Guarantees received
Under the Group’s advertising contracting procedures, deferred sales must be accompanied by performance bonds.
The amount of the guarantees received in this connection at December 31, 2012 and December 31, 2011 is shown in
the preceding table.
21. SHARE-BASED PAYMENT PLAN
At December 31, 2012, as described below, the Group has five valid share option plans which it has granted to certain
employees.The last share option plan was approved in 2011.
All the approved plans that remain in effect have a three-year accrual period and the given strike price, and, if applicable,
are exercsed through the delivery of the shares.
Pursuant to a resolution by the parent’s Board of Directors on February 2, 2011, all the strike prices of each of the share
option plans were reestimated to ensure that the two capital increases carried out in 2010 had a neutral impact on the
statistics of the exercise of each.This adjustment only affected the strike prices of each Plan, not the number of options
originally granted.