Consolidated Annual Accounts 2017

Atresmedia Corporación de Medios de Comunicación, S.A. and Subsidiaries Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Group in Spain (see Notes 2 and 29). In the event of discrepancy, the Spanish-language version prevails. 2017 CONSOLIDATED FINANCIAL STATEMENTS 66 g) Other information At 31 December 2017, EUR 135,861 thousand of prior years' tax loss carryforwards had been recognised, as detailed below. All unused tax losses of Atresmedia Corporation (EUR 152,941 thousand) are transferred to the company from the absorbed company, Gestora de Inversiones Audiovisuales La Sexta, as a result of the universal succession of the former to the rights and obligations of the transferor arising from the application of the special tax regime for mergers, spin-offs, asset contributions and security exchanges provided for in Title VII, Chapter VIII of the Consolidated Spanish Income Tax Law approved by Legislative Royal Decree 4/2004, of 5 March. Tax loss carryforwards Thousands of euros Year generated Available for offset at 31/12/16 Deducted in the year Other Additions Available for offset at 31/12/17 1998 46 - (8) - 38 2001 1 (2) 1 - - 2002 10 (8) (2) - - 2003 1 - - - 1 2004 1 - - - 1 2006 25,860 (7,859) (34) - 17,966 2007 37,654 - - - 37,654 2008 31,918 - - - 31,918 2009 28,965 - - - 28,965 2010 8,379 - - - 8,379 2011 15,475 - - - 15,475 2012 12,972 - (63) - 12,909 2013 505 - (82) - 423 2014 - - 5 109 115 2015 - - 7 163 170 2016 - - 7 - 7 161,787 (7,869) (169) 272 154,021 Pursuant to Spanish tax legislation, there is no time limit on the offset of prior years' tax losses. The Group is currently being inspected by the taxation authorities for VAT, withholdings and prepayments of investment income, personal income tax withholdings and prepayments, withholdings and prepayments for property rentals and gaming tax for 2014; for income tax for 2013 and 2014; and for withholdings of non-resident taxes for 2014 to 2017, inclusive. The directors of the Parent do not expect any material liabilities with an impact on the financial statements to arise from the review of the years open to inspection.