Table of Contents Table of Contents
Previous Page  176 / 214 Next Page
Information
Show Menu
Previous Page 176 / 214 Next Page
Page Background

176

MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES

21. GUARANTEE COMMITMENTS TOTHIRD PARTIES

The breakdown, by nature, of the guarantees provided and received at December 31, 2015 and December 31, 2014, is

as follows:

Thousands of euros

Nature of guarantee

12/31/15

12/31/14

Guarantees provided

Surety bonds for contracts, concessions, and tenders

27,689

8,339

Guarantees deposited with the tax authorities

9,029

9,029

Payments into court

40,143

39,015

76,861

56,383

Guarantees received

16,509

19,648

21.1. Guarantees provided

• The Group pledged guarantees amounting to 24,000 thousand euros which were necessary for participating in

a public tender for local TV licenses, through the Council of Ministers’ Agreement on April 17, 2015. In January

of 2016, the Company recovered 12,000 thousand euros of the above amount.

• The Group pledged a guarantee of 9,029 thousand euros (Note 20.2) with the Tax 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 CNMC 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 submitted two guarantees amounting to 14,908 and 2,091 thousand euros, respectively to Madrid

Mercantile Court number 6, in compliance with the ruling handed down by Provisional Enforcement Procedure

number 360/2014 on December 22, 2014 (Note 16).

21.2. 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, 2015 and December 31, 2014 is shown in the

preceding table.