65
On the basis of the timing estimate of future profits made by the Parent’s directors for the
offset and use of these tax items, only EUR 7,332 thousand were considered to be recoverable
in the tax return for the coming year, EUR 2,248 thousand of which relate to deferred taxes,
EUR 2,179 thousand to unused tax credits and tax relief and EUR 2,905 thousand to tax loss
carryforwards.
“Other Tax Receivables” and “VAT Refundable” are included in the consolidated balance sheet
under “Other Receivables”. Also, the items composing “Current Liabilities” are included in the
consolidated balance sheet under “Other Payables”.
At 31 December 2013, the Group had recognised unused tax credits amounting to EUR 85,364
thousand, of which EUR 4,801 thousand relate to La Sexta.
Amount
Limit
7,908
2019
19,482
2020
26,167
2021
18,892
2022
12,915
2023
85,364
e) Deferred tax assets recognised
The difference between the tax charge allocated to the current year and to prior years and the
tax charge already paid or payable for such years, which is recognised under deferred tax
assets, arose as a result of temporary differences derived from the following items:
CHANGES IN
DEFERRED
TAXASSETS
Balance at
31/12/11
Additions Disposals Other
Transfers at
31/12/11
Inclusions
due to
merger
Inclusions
in/exclusions
from scopeof
consolidation
Balance at
31/12/12 Additions Disposals Other
Balance at
31/12/13
Thousands
of euros
Contingencies
and charges
6,061
2,554 (1,985)
24
4,024
1,561
35
12,275
3,620
(4,027)
521
12,389
Non-current
accounts
payable
1,131
1,250
(690)
135
(95)
498
-
2,228
5
(982) (644)
607
Hedging
instruments
(401)
192
-
-
-
-
-
(209)
-
(152)
-
(361)
Tax effect of
assets at fair
value
-
- (1,030)
-
-
10,513
-
9,483
-
(6,845)
(97)
2,541
Other
4,873
1,299
(362)
251
(3,929)
-
134
2,266
3,349
(611)
276
5,280
Total
11,664
5,295 (4,067)
410
-
12,572
169
26,043
6,974
(12,617)
56
20,456
The changes in deferred tax assets, included in the “Other” column, include most notably the
difference between the projected income tax expense for 2012 and the tax return actually
filed.
