Page 169 - eco_eng

With this settlement agreement, with efect from 1 January 1995 to 31 December 2010, the parties agreed to terminate the various lawsuits and appeals they had initiated, respectively.

In 2009, the short-term provisions related to the 3% of the Company’s gross operating income billed from September to December set aside pursuant to Law 8/2009 on the Financing of Radio Televisión Española, In 2010, the entire balance related to Law 8/2009 was transferred to “Other public entities” (Note 19.3) once the definitive procedure for calculating, declaring and paying the amount was developed in Royal Decree 1004/2010 of 5 August, which implemented Law 8/2009 and ITC Order/2373/2010 of 9 September approving the statements and prepayments set out in Law 8/2009.

19. Tax matters

19.1. Consolidated Tax Group

Pursuant to current legislation, the Consolidated Tax Group includes Gestevisión Telecinco, S.A., as the Parent, and the Spanish subsidiaries that meet the requirements provided for in Spanish legislation regulating the taxation of the consolidated profts of corporate groups.

The Group’s other subsidiaries fle individual tax returns in accordance with the tax legislation in force in each country.

19.2. Years open to tax inspection

Under prevailing tax regulations, tax returns may not be considered fnal until they have either been inspected by tax authorities or until the four-year inspection period has expired.

Under prevailing tax regulations, tax returns may not be considered fnal until they have either been inspected by the tax authorities or until the four-year inspection period has prescribed, Once the Spanish Tax Authorities’ Tax and Customs Control Department of the Central Ofce of Major Tax Payers had performed its verifcations and investigations in 2009, the Group has the following items and years open to inspection:

Item (s) Years

Income Tax 2008 to 2010 Value added tax 2008 to 2010 Withholdings, non-resident income tax 2008 to 2010 Taxes on games of luck, betting, and chance: rafes and tombola 06/2008 to 2010 Annual transaction statement 2008 to 2010 Consolidated statement of intra-regional delivery and acquisition of assets 2008 to 2010 Decl. Recapitulativa entreg. y adq. Intracom.bienes 2008 to 2010

169

Financial Statements, Management and Corporate Governance Report. 2010