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CONSOLIDATED FINANCIAL STATEMENTS AND CONSOLIDATED MANAGEMENT REPORT 2015
2014
Balance at
12/31/13
Income statement
Income and expenses
directly recognized in equity
Balance at
12/31/14
Increases Decreases
Deferred tax assets
Provision for litigation
571
63
-
-
634
Depreciation deductibility limit
15,121
11,865
-
-
26,986
Loss - investees
25,112
-
(19,929)
-
5,183
Other concepts
3,354
20
(1,089)
-
2,285
Unused tax deductions
46,490
7,444
-
-
53,934
Loss carryforwards
95,641
-
(19,881)
-
75,760
Total deferred tax assets
186,290
19,392
(40,899)
-
164,783
2015
Balance at
12/31/14
Income statement
Income and expenses
directly recognized in equity
Balance at
12/31/15
Increases Decreases
Deferred tax liabilities
Other items
7,203
1,282
(170)
-
8,315
Available-for-sale financial assets
1,521
-
(1,521)
-
-
Intangible assets
1,309
-
(1,309)
-
-
Total deferred tax liabilities
10,033
1,282
(3,000)
8,315
2014
Balance at
12/31/13
Income statement
Income and expenses directly
recognized in equity
Balance at
12/31/14
Increases
Decreases
Deferred tax liabilities
Other items
7,092
111
-
-
7,203
Available-for-sale financial assets
-
-
-
1,521
1,521
Intangible assets
2,792
-
(1,483)
-
1,309
Total deferred tax liabilities
9,884
111
(1,483)
1,521
10,033
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
2015
2014
Deductions pending 2011
6,308
14,355
Deductions pending 2012
18,199
21,518
Deductions pending 2013
7,322
7,322
Deductions pending 2014
10,739
10,739
Deductions pending 2015
8,938
-
51,506
53,934
The Group estimates 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.