48
As a result of the merger by universal succession, the Company assumed the right to deduct the
tax credits and tax loss carryforwards of the transferor, in accordance with the following schedule
of deductions:
Thousands
of euros at
31/12/12
Deducted
in the
year
Unused tax
credits at
31/12/13
Last year
for
deduction
Unused tax credits
6,886
2,085
4,801
2006
366
366
-
2007
625
625
-
2008
1,094
1,094
-
2009
1,617
1,617
2019
2010
1,034
1,034
2020
2011
2,150
2,150
2021
Tax loss carryforwards
221,701
343
221,358
2005
207
207
-
2006
59,064
136
58,928
2024
2007
45,185
45,185
2025
2008
38,301
38,301
2026
2009
34,758
34,758
2027
2010
10,053
10,053
2028
2011
18,568
18,568
2029
2012
15,565
15,565
2030
Total deferred tax assets
recognised relating to La
Sexta
228,587
2,428
226,159
18.6Deferred tax liabilities recognised
The detail of “Deferred Tax Liabilities" and of the changes therein is as follows:
DEFERRED TAX LIABILITIES
2011 Additions Disposals
Inclusion
due to
merger
(Note 5)
2012 Additions Disposals 2013
Tax effect of identification of intangible assets
-
-
(59)
22,945
22,886
-
(237)
22,649
Total
-
-
(59)
22,945 22,886
-
(237) 22,649
In accordance with income tax recognition and measurement standard number 13, the Company
will recognise the deferred tax liabilities relating to goodwill provided that these do not arise on the
initial recognition thereof.
The deferred tax liabilities relate to the identification of the "La Sexta" brand and signal
transmission licence.
The brand is amortised for accounting purposes at an annual rate of 5% (amortisation charge for
2012: EUR 792 thousand), while the licence is not amortised.
The amortisation is not deductible for tax purposes and, therefore, gives rise to a positive
adjustment to the taxable profit (tax loss) which is recognised as a deferred tax liability.
