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MEDIASET ESPAÑA COMUNICACIÓN, S.A.
Agencia deTelevisión Latinoamericana de Servicios y Noticias Levante S.A. were included in the consolidated tax group.
In 2001, Digitel 5 Media, S.A.U. was included.
In 2002, Agencia de Televisión Latinoamericana de Servicios y Noticias Galicia, S.A. and Agencia de Televisión
Latinoamericana de Servicios y Noticias Cataluña, S.A.U. were included.
In 2004, Micartera Media, S.A.U. was included.
In 2004, due to the merger by absorption of Agencia deTelevisión Latinoamericana de Servicios y Noticias Andalucía S.A.,
Agencia de Televisión Latinoamericana de Servicios y Noticias Levante S.A., and Agencia de Televisión Latinoamericana
de Servicios y Noticias Galicia, S.A. into Agencia de Televisión Latinoamericana de Servicios y Noticias Cataluña, S.A.U.,
which subsequently changed its business name to Atlas Media, S.A.U., the acquirees ceased to exist.
In 2005, Publiespaña, S.A.U., Publimedia Gestión, S.A.U., and Advanced Media, S.A.U. were included.
In 2006, Digitel 5 Media, S.A.U. was excluded, since a resolution had been passed in July 2006 to dissolve and liquidate it.
In 2007, Mediacinco Cartera, S.L. was included and Estudios Picasso Fábrica de Ficción, S.A.U. changed its company name
toTelecinco Cinema, S.A.U.
In 2008, Conecta 5 Telecinco, S.A.U. was included.
In 2009, Canal Factoría de Ficción, S.A.U. was included.
In 2010,Advanced Media, S.A.U. was excluded as on March 26, 2010 it was agreed to dissolve and liquidate the company.
In 2011, Sogecable Media, S.L.U and Sogecable Editorial, S.L.U. were included. As a result of the merger of Agencia de
Televisión Latinoamericana de Servicios and Noticias España, S.A.U., it no longer form part of the tax group. On October
5, 2015 Sogecable Media, S.L.U. has changed its name to Advertisement 4 Adventure, S.L.U.
Premiere Megaplex, S.A.U. was included in 2012; due to their dissolution and liquidation, Atlas Media, S.A.U., Mi Cartera
Media, S.A.U., and Canal Factoría de Ficción, S.A.U. were excluded.
In 2013, Integración Transmedia, S.A.U. was included.
Income tax expense for the year is calculated as the sum of current tax resulting from applying the corresponding tax rate
to taxable profit for the year, less any applicable rebates and tax credits, taking into account changes during the year in
recognized deferred tax assets and liabilities.The corresponding tax expense is recognized in the income statement, except
when it relates to transactions recognized directly in equity, in which case the corresponding tax expense is recognized in
equity, and in business combinations in which is recorded as other assets and liabilities of the acquired business.
Deferred income tax is recognized on all temporary differences at the balance sheet date between the tax bases of
assets and liabilities and their carrying amounts.The tax base of an asset or liability is the amount attributed to it for tax
purposes.
The tax effect of temporary differences is included in “Deferred tax assets” or “Deferred tax liabilities” on the balance
sheet, as applicable.
Deferred tax liabilities are recognized for all temporary differences, except where disallowed by prevailing tax legislation.
The Company recognizes deferred tax assets for all deductible temporary differences, carryforward of unused tax
credits and unused tax losses, to the extent that it is probable that the tax Group to which it belongs has future taxable
profits against which these assets may be utilized, except where disallowed by prevailing tax legislation.