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Income tax payable was calculated as follows:

15.2. Deferred tax assets

The breakdown is as follows:

The changes in the items composing “Deferred tax assets” are as follows:

Thousands of euros

2010

Taxable income: 105,218 Tax payable: (30%) 31,565 Negative tax payable contributed by subsidiaries in tax consolidation 14,301 Deductions and rebates (11,180) Deductions and rebates, companies fling consolidated taxes (5,727) Withholdings (29,958) Other -

Total income tax refund (999)

Thousands of euros

2009

Taxable income 34,323 Tax payable: (30%) 10,297 Negative tax payable contributed by subsidiaries in tax consolidation 4,759 Deductions and rebates (4,638) Deductions and rebates, companies fling consolidated taxes (2,225) Withholdings (13,853) Other -

Total income tax payable (5,660)

(Thousand euros

2010 2009

Deferred tax assets

Unused tax credits and rebates 12,291 19,670

111,330 99,920

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GESTEVISION TELECINCO, S.A.