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MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
20.3. Balances relating to Public Authorities
The breakdown of balances relating to Public Authorities is as follows:
Balance at
12/31/15
Balance at
12/31/14
Deferred tax liabilities
8,316
10,033
Value added tax liability
10,814
16,729
Personal income tax withholdings
2,691
3,315
Payable to Social Security
1,563
1,559
Other public entities
7,440
8,177
Payable to tax authorities
22,508
29,780
Balance at
12/31/15
Balance at
12/31/14
Deferred tax assets
134,507
164,783
Income tax receivable
9,424
12,459
Value added tax receivable
7,633
7,652
Other tax receivables
7
7
Receivable from tax authorities
7,640
7,659
As a result of Law 8/2009 on the Financing of Radio Televisión Española and the definitive procedure for calculating,
declaring, and paying the amount developed in Royal Decree 1004/2010 of August 5, which implemented Law 8/2009
and ITC order/2373/2010 of September 9, approving the statements and prepayments set out in Law 8/2009, the
amount corresponding to 3% of the Company’s gross operating income billed is recognized under “Other public
entities.” At December 31, 2015, the outstanding balance is 6,529 thousand euros (2014: 7,592 thousand euros). The
differences in the balance payable are due to the higher amount of payments on account in 2015 vs 2014.
20.4. Income tax
The detail of the calculation of the income tax expense/(income) is as follows:
2015
2014
Consolidated separate income statement
Current income tax
Current income tax expense
24,628
9,851
Change in deferred tax assets and liabilities
Relating to increases and decreases in temporary differences
28,559
20,135
53,187
29,986