Page 73 - MEDIASET ESPAÑA / 2012. Financial Statements, Management and Corporate Governance Report

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FINANCIAL STATEMENTS, MANAGEMENT AND CORPORATE GOVERNANCE REPORT. 2012
The deferred tax liability mainly relates to taxable temporary differences arising from consolidation adjustments of the
tax group and tax amortization of intangible assets with an indefinite useful life (goodwill and signal transmission license).
16. GUARANTEE COMMITMENTS TOTHIRD PARTIES
The breakdown of guarantees provided as of December 31, 2012 and 2011 is as follows:
Type 2012 2011
Collateral for contracts, concessions and tenders 24,868 60,520
Legal guarantees 100 100
Guarantees deposited at the tax authorities 2,363 2,280
27,331 62,900
At December 31, 2011, the Company had 77 thousand euros of guarantees maturing in April, 2012, which were deposited
with the Directorate-General for the Development of the Information Society (Science andTechnology Ministry, currently
the Ministry of Industry,Tourism, andTrade) to guarantee the refundable advance granted by the Directorate-General to
the company, as aid for research and development in the following projects:“Research and development of new tools for
the technological evolution of production processes in digital television,” “Research and development on an information
system to manage contracts with electronic signatures and a security and contingency plan.”
The Company deposited at December 31, 2012, 24,868 thousand euros in guarantees required for its commercial
activity (2011: 60,443 thousand euros).
The breakdown of the guarantees deposited with the tax authorities is as follows:
• A guarantee of 2,091 thousand euros was deposited with the Tax and Customs Control Department due to the
appeal against the tax settlement agreement which the Department notified to the Company on June 26, 2009 and
which confirmed the proposal given in the assessment from the tax inspection dated September 1, 2008. This 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.
• To guarantee the late-payment interest, the amount of the guarantee was increased by 83 thousand euros (2011: 85
thousand euros and 2010: 104 thousand euros).