Consolidated Annual Accounts 2017

Atresmedia Corporación de Medios de Comunicación, S.A. 2017 FINANCIAL STATEMENTS 42 Reconciliation of accounting profit and profit for income tax purposes for 2016: Thousands of euros Increases Decreases Total Accounting profit after tax 124,489 Income tax 31,917 - 31,917 Permanent differences- 19,337 54,825 (35,488) Penalties 1,333 - 1,333 Donations 513 - 513 Impairment of investments 9,945 - 9,945 Elimination of dividends - 32,400 (32,400) Inclusion of impairment of investments - 19,847 (19,847) Elimination of inter-group transactions 7,095 7,095 Other permanent differences 451 451 Double taxation exemption - 2,578 (2,578) Deductible temporary differences: 9,153 5,641 3,513 Originating in the current year: Provisions for contingencies and charges 6,106 - 6,106 Non-current payables 3,048 - 3,048 Impairment losses - - - Originating in prior years : Provisions for contingencies and charges - 3,707 (3,707) Non-current payables - 240 (240) Impairment losses - 1,694 (1,694) Taxable temporary differences: 6,858 6,858 Originating in the current year: Impairment losses 6,858 - 6,858 Gross taxable profit 67,265 60,465 131,289 Offset of prior years’ tax losses (32,822) Tax rate 25% Gross tax payable 24,617 Receivables from (payables to) group companies 11,712 Tax credits taken in 2016 (10,463) Tax prepayments in 2016 (25,028) Income tax payable (refundable) 838 16.3 Tax recognised in equity Taxes recognised directly in equity in 2017: Thousands of euros Increases Decreases Total Current tax: Capital increase expenses Capital reduction expenses Total current tax Deferred tax: Originating in the year: Available-for-sale financial assets Revaluation of other financial assets Government grants Effect of first-time application of new Spanish National Chart of Accounts Originating in prior years: Available-for-sale financial assets Revaluation of other financial assets Government grants 1,778 - 1,778 Total deferred tax 1,778 - 1,778 Total tax recognised in equity 1,778