Consolidated Annual Accounts 2017

Atresmedia Corporación de Medios de Comunicación, S.A. 2017 FINANCIAL STATEMENTS 40 16.- Tax matters 16.1 Current tax receivables and payables Breakdown of current tax receivables and payables (in thousands of euros): Tax receivables 2017 2016 To be settled in 2017: 16,442 16,586 Deferred tax assets 168 730 Tax loss carryforwards 7,794 7,601 Unused tax credits and tax relief 8,480 8,255 To be settled from 2018: 222,114 221,570 Deferred tax assets 11,139 9,652 Tax loss carryforwards 120,148 128,234 Unused tax credits and tax relief 90,827 83,684 Total non-current assets 238,556 238,156 Income tax refundable 7,288 5,167 VAT refundable 15 15 Other tax receivables 157 149 Total current assets 7,460 5,331 TOTAL TAX RECEIVABLE 246,016 243,487 Tax payables 2017 2016 Deferred tax liabilities 15,050 16,764 Total non-current liabilities 15,050 16,764 Current - Income tax payable - 838 Tax withholdings payable 11,745 5,258 Social security payable 567 559 VAT payable 12,452 4,377 Total current liabilities 24,764 11,032 TOTAL TAX PAYABLE 39,814 27,796 16.2 Reconciliation of accounting profit and taxable income Pursuant to Spanish Income Tax Law 43/1995, of 27 December, on 26 December 2000, Atresmedia Corporación de Medios de Comunicación, S.A. notified the Madrid taxation authority of its decision to file consolidated income tax returns. Application of the consolidated tax regime is considered indefinite provided that the requirements established in the Article 67 of the Consolidated Income Tax Law are met and the Company does not opt to cease to apply the aforementioned regime.