For the year ended 30 June 2014 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS  (CONTINUED) 2014  $’000 2013  $’000 14 PROPERTY, PLANT & EQUIPMENT Land: At cost 33,795 33,497 Buildings & improvements: At cost 87,292 84,562 Less depreciation and impairment (26,932) (24,066) 60,360 60,496 Capital work in progress 10,738 88,399 Leasehold improvements: At cost 285,222 220,751 Less amortisation and impairment (97,095) (88,812) 188,127 131,939 Plant, equipment & vehicles (owned): At cost 653,876 567,643 Less depreciation and impairment (290,003) (261,273) 363,873 306,370 Plant, equipment & vehicles (leased): At cost – 28,070 Less amortisation and impairment – (9,875) – 18,195 656,893 638,896 (a) Reconciliations Land: Carrying amount at beginning 33,497 31,044 Additions/transfers 336 – Acquisitions from business combinations – 2,200 Net foreign currency movements arising from investments in foreign operations (38) 253 Carrying amount at end 33,795 33,497 NAME COUNTRY OF INCORPORATION¹ % OWNED  2014 % OWNED  2013 Village Roadshow Investments Holdings USA Inc. United States 100.00% 100.00% Village Roadshow IP Pty. Limited Australia 100.00% 100.00% Village Roadshow Leisure Pty. Limited Australia 100.00% 100.00% Village Roadshow Pictures International Pty. Limited Australia 100.00% 100.00% Village Roadshow Pictures Television Pty. Limited Australia 100.00% 100.00% Village Roadshow Pictures Worldwide Pty. Limited Australia 100.00% 100.00% Village Roadshow Properties Pty. Limited Australia 100.00% 100.00% Village Roadshow Share Plan Pty. Limited Australia 100.00% 100.00% Village Roadshow SPV1 Pty. Limited Australia 100.00% 100.00% Village Roadshow Theatres Pty. Limited Australia 100.00% 100.00% Village Roadshow Theme Parks Holdings USA Inc. United States 100.00% 100.00% Village Roadshow Theme Parks Pty. Limited Australia 100.00% 100.00% Village Roadshow Theme Parks USA Inc. United States 100.00% 100.00% Village Roadshow Treasury Pty. Limited Australia 100.00% 100.00% Village Roadshow UK Holdings Pty. Limited Australia 100.00% 100.00% Village Roadshow USA Holdings Pty. Limited Australia 100.00% 100.00% Village Theatres 3 Limited United Kingdom 100.00% 100.00% Village Theatres Morwell Pty. Limited Australia 75.00% 75.00% VR Corporate Services Pty. Limited Australia 100.00% 100.00% VR ESP Finance Pty. Limited Australia 100.00% 100.00% VR Leisure Holdings Pty. Limited Australia 100.00% 100.00% VRPPL Pty. Limited Australia 100.00% 100.00% VRS Holdings Pty. Limited Australia 100.00% 100.00% VRTP Entertainment Pty. Limited Australia 100.00% 100.00% VRTP Services Pty. Limited Australia 100.00% 100.00% WB Properties Australia Pty. Limited Australia 100.00% 100.00% Wet’n’Wild Sydney Pty. Limited Australia 100.00% 100.00% WSW Aviation Pty. Limited Australia 100.00% 100.00% WSW Units Pty. Limited Australia 100.00% 100.00% $^{1}$  Foreign subsidiaries carry out their business activities in the country of incorporation. $^{2}$  Entities placed into liquidation or dissolution during the year. $^{3}$  Entities purchased or incorporated during the year. 13 SUBSIDIARIES  (continued) 54 VILLAGE ROADSHOW LIMITED CLOSE FILE X