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and Tourism) for an indefnite period of time to secure the repayable advances granted by that Directorate-General as aid for research and development in the following projects:

Research and development of new tools for technological advancement in production processes in digital television.

Research and development of an information system to manage contracts with electronic signature, security and contingency plans.

The breakdown of the guarantees deposited with the tax authorities is as follows:

A 3,720 thousand euro guarantee deposited with the Tax and Customs Control Department due to the appeal against the tax settlement agreement notifed to the Group by said department on 24 July 2009 and which confrms the proposal given in the assessment from the tax inspection dated 1 September 2008, The tax inspection included verifcation of income tax for 2004, 2005, 2006 and 2007 (Note 16.2).

A second guarantee of EUR 2,196 thousand was deposited with the Tax and Customs Control Department due to the appeal against the tax settlement agreement of which the Department notifed the Group on 26 June 2009 and which confrmed the proposal given in the assessment from the tax inspection dated 1 September 2008, The tax inspection included the verifcation of the gaming tax in respect of bets and promotional draws, as well as rafes and tombolas from September 2004 up to and including May 2008 (Note 16.2),.

To guarantee the late-payment interest, the amount of the guarantee was increased by EUR 104 thousand.

The Group has deposited EUR 26, 07 million in guarantees required for its commercial activity in 2010 and 34, 9 million in December 2009.

20.2. Guarantees received

Under the Group’s advertising contracting procedures, deferred sales must be accompanied by performance bonds, The amount of the guarantees received in this connection at 31 December 2010 and 31 December 2009 is shown in the preceding table.

21. Share-based payment plan

At 31 December 2010, as described below, the Group has fve valid share option plans which it has granted to certain employees, The last share option plan was approved in 2010.

All the approved plans that remain in efect have a three-year accrual period and the given strike price, and, if applicable, are exercised through the delivery of the shares.

Pursuant to a resolution by the Parent’s Board of Directors on 2 February 2011, all the strike prices of each of the share option plans were reestimated to ensure that the two capital increases carried out in 2010 had a neutral impact on the statistics of the exercise of each, This adjustment only afected the strike prices of each Plan, not the number of options originally granted.

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Financial Statements, Management and Corporate Governance Report. 2010