Page 174 - MEDIASET ESPAÑA / 2013. Financial Statements, Management and Corporate Governance Report

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MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
NOTES TOTHE CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2013
(Expressed in thousand of euros)
19.4. Income tax
The reconciliation of net income and expenses for the year with tax results is as follows:
2013 2012
Consolidated Separate Income Statement
Current income tax
– Current income tax expense 101,182 25,660
Deferred tax liabilities
– Relating to increases and decreases in temporary differences (107,363) (22,871)
(6,181) 2,789
2013 2012
Consolidated Profit Before Tax (2,284) 52,332
Tax rate (685) 15,700
Permanent differences 876 1,477
Tax credits and rebates (6,372) (14,388)
(6.181) 2.789
In 2013 and 2012, the Group has not allocated to consolidated equity any amount that would have a tax effect.
19.5. Deferred taxes
The tax effect was calculated by applying the applicable tax rate in the year each item was generated to the corresponding
amount, adjusted for the effect of the change in tax legislation in the current year.
2013 Balance at
12/31/12 Increases Decreases Transfer Balance at
12/31/13
Deferred taxes:
Provision for litigation 481 90 - - 571
Depreciation deductibility limit - 15,121 - - 15,121
Loss provision - investees 133.697 - (108,585) - 25,112
Other concepts 3,087 606 (339) - 3,354
Unused tax deductions 39,168 7,322 - - 46,490
Loss carryforwards - 95,641 - - 95,641
Total deferred tax assets 176,434 118,780 (108,924) - 186,290