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MEDIASET ESPAÑA COMUNICACIÓN, S.A.
16. GUARANTEE COMMITMENTS TOTHIRD PARTIES
The breakdown of guarantees provided as of December 31, 2015 and 2014 is as follows:
Thousands of euros
Type
2015
2014
Collateral for contracts, concessions and tenders
26,266
5,965
Legal guarantees
39,790
38,676
Guarantees deposited at the tax authorities
9,029
9,029
75,085
53,670
The Company deposited at December 31, 2015, 26,266 thousand euros in guarantees required for its commercial
activity (2014: 5,965 thousand euros).
The Company 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 Company pledged a guarantee of 9,029 thousand euros 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 15).
The Company submitted a 15,600 thousand euro guarantee with Section 6 of the National Court of Justice for the
appeal against the administrative decision taken by the CNMV 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 (Note 14).
The Company submitted two guarantees amounting to 14,909 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 14).