Consolidated Annual Accounts 2017

Atresmedia Corporación de Medios de Comunicación, S.A. 2017 FINANCIAL STATEMENTS 45 Thousands of euros Amount Deducted in the year Other Pending Limit 1,527 (1,699) 172 - 2025 21,023 (959) - 20,064 2026 17,478 - - 17,478 2027 10,990 - - 10,990 2028 11,659 (40) - 11,619 2029 15,095 - (30) 15,065 2030 14,337 - (1,392) 12,945 2031 11,286 - - 11,286 2032 103,395 (2,698) (1,250) 99,447 As a result of the merger by universal succession, the Company assumed the right to deduct the transferor’s tax credits and tax loss carryforwards, in accordance with the following schedule: Thousands of euros at 31/12/16 Deducted in the year Available for offset at 31/12/17 Expiry Year 2011 2,148 (959) 1,189 2026 Unused 2,148 (959) 1,189 Tax loss carryforwards Thousands of euros Year generated Amount Deducted in the year Other Unused at 31/12/17 2006 25,860 (7,859) (35) 17,966 2007 37,654 - - 37,654 2008 31,918 - - 31,918 2009 28,965 - - 28,965 2010 8,377 - - 8,377 2011 15,473 - - 15,473 2012 12,588 - - 12,588 Total tax assets 160,835 (7,859) (35) 152,941 “Other” includes the differences between the estimate made at the end of the reporting period and the income tax return effectively filed for negative amounts of EUR 1,250 thousand and EUR 35 thousand in tax credits and tax losses, respectively. Pursuant to Spanish tax legislation, there is no time limit on the offset of tax losses. Of the EUR 10,059 thousand of tax credits taken in the year, EUR 7,740 thousand were deductions for audiovisual production (EUR 2,658 thousand for Atresmedia Corporación and the rest of the Group companies), EUR 2,012 thousand for international double taxation, EUR 81 thousand for donations to not-for-profit entities and EUR 226 thousand for reversal of temporary measures (Transitional Provision Thirty-Seven of the Spanish Income Tax Law).