Page 69 - MEDIASET ESPAÑA / 2012. Financial Statements, Management and Corporate Governance Report

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FINANCIAL STATEMENTS, MANAGEMENT AND CORPORATE GOVERNANCE REPORT. 2012
Temporary differences are due to different taxation and accounting criteria relative to impairment provisions regarding
audiovisual rights, contingencies and expenses and provisions for subsidiaries.
The reconciliation between income tax expense/(income) and the result of multiplying total recognized income and
expenses by applicable tax rates —with the balance of the income statement being differentiated— is as follows:
Thousands of euros
2012 Income statement
Income and expense recognized
directly in equity
Income and expenses for the year before tax 52,545
Tax charge (tax rate: 30%) 15,764
Non-deductible revenue/expenses (13,203)
Tax credits and others (21,310)
Positive adjustments to income tax charge -
Negative adjustments to income tax charge 910
Tax adjustments (dividends minus deductions from subsidiaries) 5,828
Tax on foreign profits 65
Tax expense (income) (11,947)
Thousands of euros
2011 Income statement
Income and expense recognized
directly in equity
Income and expenses for the year before tax 148,282
Tax charge (tax rate: 30%) 44,485
Non-deductible revenue/expenses (17,907)
Tax credits and others (16,014)
Positive adjustments to income tax charge -
Negative adjustments to income tax charge 32
Tax adjustments (dividends minus deductions from subsidiaries) 362
Tax on foreign profits 60
Tax expense (income) 11,018