69 / 148
60
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
TAX ASSETS
Balance at
31/12/12
Additions Disposals
Other
Balance at
31/12/13 Transfers Additions Disposals
Other
Tax Effect
Balance at
31/12/14
Thousands
of euros
4Contingencies
and charges
12,275
3,620
(4,027)
521
12,389
203
6,221
(3,323)
77
(1,561)
14,006
Non-current
accounts
payable
2,228
5
(982)
(644)
607
181
300
(795)
568
(144)
717
Hedging
instruments
(209)
-
(152)
-
(361)
-
(571)
-
-
155
(777)
Tax effect of
assets at fair
value
9,483
-
(6,845)
(97)
2,541
-
-
(1,287)
-
(724)
530
Other
2,266
3,349
(611)
276
5,280
(384)
3,097
(212)
627
(1,752)
6,656
Total
26,043
6,974 (12,617)
56
20,456
-
9,047
(5,617)
1,272
(4,026)
21,132
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.
At 31 December 2013, the Group had recognised unused tax credits amounting to EUR
103,469 thousand, of which EUR 4,801 thousand relate to La Sexta.
Amount
Limit
1,794
2024
19,458
2025
26,166
2026
18,971
2027
12,955
2028
24,126
2029
103,469
In 2014 the Group acquired ownership interests of 40% and 14% in the Enelmar Productions
economic interest grouping (EIG) and Producciones Ramsés economic interest grouping (EIG),
respectively.
Under Transitional Provision 37 of Spanish Corporation Tax Law 27/2014, companies subject
to the limit on the depreciation and amortisation charge established in Article 7 of Law
16/2012, of 27 December, adopting various tax measures aimed at shoring up public finances
and boosting economic activity, will be entitled to a tax credit, to be deducted from the gross
tax payable, of 5% of the taxable profit, arising from the depreciation and amortisation not
deducted in the tax periods commencing in 2013 and 2014.