127 / 140
45
The changes in deferred tax assets recognised under "Other” include the difference between the
estimated tax for 2014 and the amount actually reported in the tax return, giving rise to an
adjustment of EUR (1,958) thousand to deferred tax assets. Also, the effect of this difference,
amounting to EUR (569) thousand, on the income tax expense is recognised under “Adjustments
to Income Tax”.
At 31 December 2015, the Company had unused tax credits amounting to EUR 86,555 thousand,
of which EUR 77,389 thousand are recognised in the balance sheet. Of the total tax credits, EUR
2,148 thousand arose from the merger with La Sexta. The Company also recognised tax losses
arising in full from the merger with La Sexta amounting to EUR 168,832 thousand.
Amount
Used in
the year
Carried
forward
Limit
14,369
4,300
10,069
2025
21,023
-
21,023
2026
17,478
-
17,478
2027
10,990
-
10,990
2028
11,715
-
11,715
2029
15,280
-
15,280
2030
90,855
4,300
86,555
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
31/12/14
Used
in the
year
Unused at
31/12/15
Last year
for
deduction
2010
1,010
1,010
-
2025
2011
2,148
-
2,148
2026
Unused
3,158
1,010
2,148
Year earned
Amount
Used
in the
year
Other
Effect of
change in
the tax rate
Unused at
31/12/15
2006
42,166
8,977
572
96
33,857
2007
37,654
-
-
-
37,654
2008
31,918
-
-
-
31,918
2009
28,965
-
-
-
28,965
2010
8,378
-
-
-
8,378
2011
15,473
-
-
-
15,473
2012
12,510
-
-
77
12,587
Total tax assets
177,064
8,977
572
173
168,832
The “Other” column includes the differences between the estimate at year-end and the tax return
actually filed.
Of the EUR 7,552 thousand of tax credits taken in 2015, EUR 6,544 thousand were deductions for
audiovisual production, of which EUR 4,300 thousand related to Atresmedia Corporación de Medios
de Comunicación, S.A. and EUR 2,244 thousand to a Group company, EUR 762 thousand were for
international double taxation and EUR 246 thousand for donations to not-for-profit entities.