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Central Magistrate Court No, 5, for tax ofenses and misrepresentations related to various companies, including Gestevisión Telecinco, S.A. and Publiespaña, S.A.U., in which these companies were named as being parties jointly and severally liable to a secondary degree.

In its decision, the National Court of Justice absolved all of the parties accused and afrmed that none of the events under investigation constitutes an ofense, Nevertheless, this ruling was appealed by the Prosecutor’s Ofce.

On 23 June 2008, the Second Court in Criminal Matters of the National Appellate Court rejected Appeal 1701/2007 before the Supreme Court fled the Prosecutor’s Ofce against the aforementioned ruling of the National Court of Justice, upholding the acquittal handed down in the previous instance.

In June 2009 the corresponding notifcations were received from the tax authorities confrming the aforementioned acquittal as ruled by the National Court of Justice; hence the Group reversed the current provisions of EUR 29,612 thousand.

Following the serving of notice on 1 September 2008, the Spanish tax authorities began the review and inspection with regard to the following items and periods for the consolidated tax group Gestevisión-Telecinco:

Item(s) Period

Income tax 2004 to 2007 Value added tax July 2007 to December 2007 Taxes withheld on account from non-residents July 2007 to December 2007 Gaming tax: bets and promotional draws September 2004 to May 2008 Taxes on games of luck, bets or chance: rafes and tombolas September 2004 to May 2008 Declaration of annual transactions 2004 to 2007 Summary declaration of deliveries and acquisitions of intra-EU goods 2004 to 2007

On 26 June 2009 and 24 July 2009 the tax authorities sent the company the tax assessment settlements, These were signed in disagreement, Consequently, the provisions were adjusted in light of the assessments raised by EUR 2,091 thousand and EUR 3,543 thousand and guarantees were deposited for these amounts (Notes 20).

17. Other Non-current liabilities

The breakdown of other non-current liabilities is as follows:

Balance at 31.12.10 Balance at 31.12.09

Loans to related companies 72,721 60,074 Advances received on loans 378 667 Bank borrowings - 29,931 Other payables 754 264

Total 73,853 90,936

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Financial Statements, Management and Corporate Governance Report. 2010