67
A variation of 0.5% in cumulative annual growth would give rise to a change in value of EUR
43 million, while an increase of 0.5% in the discount rate would give rise to a change of EUR
65 million and a decrease of 0.5% in the discount rate would give rise to a change of EUR 73
million. Zero perpetual growthwas used. An increase of 0.5%would give rise to an increase in
value of EUR 80 million and a decrease of 0.5%would give rise to a decrease in value of EUR
71 million. The aforementioned analyses do not disclose any evidence of non-recoverability of
the tax assets and tax credits recognised.
f) Tax recognised in equity
In addition to the income tax recognised in the consolidated income statement, in 2013 and
2012 the Group recognised the following amounts in consolidated equity:
Thousands of euros
2013
2012
Hedging instruments
(361)
(209)
Total
(361)
(209)
g) Other information
At 31 December 2013, the Group had from 2005 onwards open for review for income tax,
since in 2010 it underwent a partial review in this connection. The Group has the years from
2009 onwards open for review for all the other taxes applicable to it.
In 2008 the Parent (Antena 3 de Televisión, S.A.) acquired non-current assets as required
under the terms established in Article 36 ter. of the Spanish Corporation Tax Law, as worded
in Law 24/2001, for the reinvestment of the extraordinary income obtained by the Group
company Uniprex Televisión, S.L. (Sole-Shareholder Company) on the transfer of the
ownership interest in a company. This reinvestment (EUR 499,950) gave rise to a tax credit of
EUR 41,793, whichwas taken in 2008.
The aforementioned non-current assets continue in use and are held by Atresmedia
Corporación de Medios de Comunicación, S.A. in accordance with Article 36 of Spanish
Corporation Tax Royal-Decree Law 4/2004.
Also, in 2009 the Parent reported a tax credit for the reinvestment of extraordinary income
deriving from the transfer of the ownership interest in Gloway Broadcasting Services, S.L., in
compliance with the requirements of Article 36. In 2009 the Parent acquired non-current
assets for EUR 6,414 thousand, under the terms and conditions established in the
aforementioned Article to complywith the reinvestment requirement, and earned tax credits of
EUR 46 thousand that it did not use.
These non-current assets continue in use and are held by Atresmedia Corporación de Medios
de Comunicación, S.A.
Following is a detail of the last years for offset of prior years' tax loss carryforwards at 31
December 2013. EUR 221,363 thousand of these carryforwards have been recognised, of
which EUR 221,358 thousand were transferred to Antena 3 de Televisión from the absorbed
company, Gestora de Inversiones Audiovisuales La Sexta, as a result of the universal
succession of the former to the rights and obligations of the transferor arising from the
application of the special tax regime for mergers, spin-offs, asset contributions and security
exchanges provided for in Title VII, Chapter VIII of the Consolidated Spanish Corporation Tax
Law approved by Legislative Royal Decree 4/2004, of 5March.
