Page 67 - MEDIASET ESPAÑA / 2012. Financial Statements, Management and Corporate Governance Report

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FINANCIAL STATEMENTS, MANAGEMENT AND CORPORATE GOVERNANCE REPORT. 2012
Presenting consolidated VAT generates a short-term payable to Group companies for the tax effect (Note 19).
The breakdown of balances relating to income tax assets and liabilities at December 31 is as follows:
Thousands of euros
2012 2011
Deferred tax liabilities (6,654) (5,228)
(6,654) (5,228)
VAT (7,634) (4,869)
Personal income tax withholdings (2,831) (2,927)
Social security (1,238) (1,224)
Levy to finance RTVE (2,654) (4,152)
Gaming tax (17) (468)
Other payables to public administrations (14,374) (13,640)
Deferred tax assets 105,827 109,770
Unused tax deductions and relief 37,153 21,320
142,980 131,090
Other receivables from public administrations
Income tax 16,720 12,145
16,720 12,145
15.1 Income tax
The reconciliation of net income and expenses for the year with tax results is as follows:
Thousands of euros
2012
Income statement
Income and expenses directly
recognized in equity
Increase Decrease Total Increase Decrease Total
Income and expenses for the year
Continuing operations 64,492 - 64,492 - - -
Discontinued operations - - - - - -
64,492 - 64,492 - - -
Income tax
Continuing operations - (11,947) (11,947) - - -
Discontinued operations (Note 10) - - - - - -
- (11,947) (11,947) - - -
Income and expenses for the year
before tax 52,545 -