Page 175 - 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)
2012 Balance at
12/31/11 Increases Decreases Transfer Balance at
12/31/12
Deferred taxes:
Provision for litigation 910 - (429) - 481
Depreciation deductibility limit - - - - -
Loss provision - investees 132,165 1,532 - - 133,697
Other concepts 2,840 869 (622) - 3,087
Unused tax deductions 22,209 16,959 - - 39,168
Loss carryforwards - - - - -
Total deferred tax assets 158,125 19,360 (1,051) - 176,434
2013 Balance at
12/31/12 Increases Decreases Transfer Balance at
12/31/13
Other items 2,420 372 - - 2,792
Intangible assets 4,187 2,905 - - 7,092
Total deferred tax liability 6,607 3,277 - - 9,884
2012 Balance at
12/31/11 Increases Decreases Transfer Balance at
12/31/12
Other items 2,343 77 - - 2,420
Intangible assets 2,962 1,274 (49) - 4,187
Total deferred tax liability 5,305 1,351 (49) - 6,607
Deferred tax liabilities on intangible assets arise from the deductibility of goodwill and the license acquired.
The unused tax credits mainly relate to tax credits for investments in film productions.These tax credits may be used
over the next 15 years.
Thousands of euros
2013 2012
Deductions pending 2010 2,024 2,916
Deductions pending 2011 15,626 15,626
Deductions pending 2012 21,518 20,626
Deductions pending 2013 7,322 -
46,490 39,168
The Group estimated the taxable profits which it expects to obtain over the next fiscal years. It has likewise analyzed
the reversal period of taxable temporary differences. Based on this analysis, the Group has recognized deferred tax
assets for tax credits and deductible temporary differences which it considers probable will be recoverable in the future.