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FINANCIAL STATEMENTS AND MANAGEMENT REPORT 2015
Thousands of euros
2014
Income statement
Income and expenses directly
recognized in equity
Increase Decrease
Total
Increase
Decrease
Total
Income and expenses for the year
Continuing operations
59,963
-
59,963
3,911
-
3,911
Discontinued operations
-
-
-
-
-
-
59,963
-
59,963
3,911
-
3,911
Income tax
Continuing operations
11,954
-
11,954
-
(1,521)
(1,521)
Discontinued operations
-
-
-
-
-
-
11,964
-
11,964
-
(1,521)
(1,521)
Income and expenses for the year
before tax
48,009
5,432
Permanent differences
Provisions - group companies
3,348
-
3,348
-
-
-
Non-deductible expenses
& penalties
259
-
259
-
-
-
Internal elimination of dividends
-
(56,126)
(56,126)
-
-
-
Others
-
(1,412)
(1,412)
-
-
-
Temporary differences
-
(19,214)
(19,214)
-
(5,432)
(5,432)
Utilization of previously unrecognized
tax losses
-
-
-
-
-
-
Tax result
(25,136)
-
Temporary differences are due to different taxation and accounting criteria relative to impairment provisions regarding
audiovisual rights and provisions for subsidiaries.
The reconciliation between income tax expense/(income) and the result of multiplying total recognized income and
expenses by applicable tax rates —with the balance of the income statement being differentiated— is as follows:
Thousands of euros
2015
Income statement
Income and expense recognized
directly in equity
Income and expenses for the year before tax
195,380
-
Tax charge (tax rate: 30%)
54,707
-
Non-deductible expenses (revenue)
(19,769)
-
Tax credits and others
(7,137)
-
Tax on foreign profits
116
-
Adjustments due to changes in tax rates
59
-
Tax expense (income)
27,976
-