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FINANCIAL STATEMENTS AND MANAGEMENT REPORT 2015
Thousands of euros
2015
2014
Deductions pending 2011
6,318
14,356
Deductions pending 2012
19,501
19,501
Deductions pending 2013
7,060
7,060
Deductions pending 2014
11,140
13,159
Deductions pending 2015
8,939
-
52,958
54,076
The Company has availed itself of the deduction provided for in article 42 of Royal Legislative Decree 4/2004, of March
5, which enacted the revised text of the Corporation Tax Law, in respect of income of 1,637 thousand euros. This
amount was generated by the sale of 60% of the Company’s ownership in Cinematext Media, S.A., which was sold on
September 30, 2009.
The Company estimated the taxable profits which it expects to obtain over the next years. It has likewise analyzed the
reversal period of taxable temporary differences. Based on this analysis, the Company has recognized deferred tax assets
for tax credits and deductible temporary differences which it considers probable will be recoverable in the future.
15.3 Deferred tax liabilities
The breakdown and movements in the various items composing “Deferred tax liabilities” are as follows:
Thousands of euros
Opening
balance at
January 1,
Adjustment due
to changes in tax
rates
Income
statement
Equity
Closing
balance at
December 31,
2015
Deferred tax liabilities
Other
1,079
64
(799)
-
344
Tax amortization of goodwill
3,804
-
806
-
4,610
Tax amortization of signal
transmission license
2,245
-
476
-
2,721
Available-for-sale financial assets
1,521
-
-
-
1,521
Available-for-sale financial assets
-
-
-
(1,521)
(1,521)
8,649
64
483
(1,521)
7,675
2014
Deferred tax liabilities
Other
2,791
(229)
(1,483)
-
1,079
Tax amortization of goodwill
3,528
(588)
864
-
3,804
Tax amortization of signal
transmission license
2,082
(347)
510
-
2,245
Available-for-sale financial assets
-
-
-
1,521
1,521
8,401
(1,164)
(109)
1,521
8,649
The deferred tax liability mainly relates to taxable temporary differences arising from consolidation adjustments of the
tax group and tax amortization of intangible assets with an indefinite useful life (goodwill and signal transmission license).