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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)
20. GUARANTEE COMMITMENTS TOTHIRD PARTIES
The breakdown, by nature, of the guarantees provided and received at December 31, 2013 and December 31, 2012, is
as follows:
(Thousands of euros)
Nature of guarantee
12/31/13
12/31/12
Guarantees provided
Surety bonds for contracts, concessions, and tenders
32,483
27,823
Guarantees deposited with the tax authorities
9,029
-
Payments into court
19,723
3,700
61,235
31,523
Guarantees received
25,121
32,817
20.1. Guarantees provided
• The Group pledged a guarantee of 9,029 thousand euros (Note 19.2) with theTax and Customs Control Department
arising from its appeal against the tax settlement agreement of which the Department notified the Group on May
20, 2013, which confirmed the proposal given in the assessment from the tax inspection dated April 16, 2013. The
assessment covered verifications and investigations for “Taxes on games of luck, bets, or chance” during the period
from June 2008 to December 2011 (Note 16).
• The Group submitted a 15.6 million euro guarantee with Section 6 of the National Appellate Court for the appeal
against the administrative decision taken by the CNMV on February 6, 2013 (Dossier SNC/0024/12), by virtue of
which Mediaset España was declared noncompliant with different commitments, thereby authorizing the Telecinco/
Cuatro transaction; a fine was levied equal to the amount of the above guarantee.
The Group has deposited 32.5 million euros in guarantees required for its commercial activity in 2013 (2012:
25.5 million).
20.2. Guarantees received
Under the Group’s advertising contracting procedures, deferred sales must be accompanied by performance bonds.
The amount of the guarantees received in this connection at December 31, 2013 and December 31, 2012 is shown in
the preceding table.
1...,166,167,168,169,170,171,172,173,174,175 177,178,179,180,181,182,183,184,185,186,...216