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76
MEDIASET ESPAÑA COMUNICACIÓN, S.A.
Thousands of euros
2014
Income statement
Income and expense recognized
directly in equity
Income and expenses for the year before tax
48,009
5,432
Tax charge (tax rate: 30%)
14,403
1,521
Non-deductible expenses (revenue)
(16,195)
-
Tax credits and others
(10,236)
-
Tax adjustments (dividends minus deductions from subsidiaries)
(105)
-
Tax on foreign profits
64
-
Adjustments due to changes in tax rates
115
-
Tax expense (income)
(11,954)
1,521
The breakdown of income tax expense/ (income) is as follows:
Thousands of euros
2015
Income statement
Directly recognized in equity
Current income tax
9,961
-
9,961
-
Change in deferred tax assets and liabilities
Other temporary differences
17,460
-
Adjustments due to changes in tax rates
555
-
27,976
-
Thousands of euros
2014
Income statement
Directly recognized in equity
Current income tax
(41)
-
(41)
-
Change in deferred tax assets and liabilities
Other temporary differences
(12,028)
1,521
Adjustments due to changes in tax rates
115
-
(11,954)
1,521
Corporation tax Law 27/2014, of November 27, modified the general tax rate to 28% in 2015, and 25% for subsequent
years. As a result, the Company adjusted the deferred tax assets and liabilities from prior years based on the prevailing
rate at the estimated reversal date.