Page 78 - MEDIASET ESPAÑA / 2013. Financial Statements, Management and Corporate Governance Report

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MEDIASET ESPAÑA COMUNICACIÓN, S.A.
NOTES TOTHE FINANCIAL STATEMENTS FOR THEYEAR ENDED DECEMBER 31, 2013
(Thousands of euros)
(Thousands of euros)
Ejercicio 2012 (*)
Balance at
January 1,
Additions
from merger
Income
statement Equity Reclassifications
Balance at
December 31,
Deferred tax assets
Impairment audiovisual
rights 2,502 (1,633) - - 869
Rights management
institutions 909 (428) - - 481
Provisions, subsidiaries 4,208 - - - 4,208
Tax deductibility of
depreciation/amortization 3,326 (375) - - 2,951
Other provisions 10,945 (2,436) - - 8,509
(*) Restated.
As of this year, the tax group has unused loss carryforwards.
At December 31, 2013 unused tax credits for audiovisual productions amount to a total of 45,150 thousand euros
(2012: 37,153 thousand euros) which can be recovered over the next 15 years.
(Thousands of euros)
2013 2012
Deductions pending 2010 2,024 2,026
Deductions pending 2011 15,626 15,626
Deductions pending 2012 19,501 19,501
Deductions pending 2013 7,999 -
45,150 37,153
The Company has availed itself of the deduction provided for in article 42 of Royal Legislative Decree 4/2004, of March
5, which enacted the revised text of the Corporation Tax Law, in respect of income of 1,637 thousand euros. This
amount was generated by the sale of 60% of the Company’s ownership in Cinematext Media, S.A., which was sold on
September 30, 2009.
The Company estimated the taxable profits which it expects to obtain over the next years. It has likewise analyzed the
reversal period of taxable temporary differences. Based on this analysis, the Company has recognized deferred tax assets
for tax credits and deductible temporary differences which it considers probable will be recoverable in the future.