VILLAGE ROADSHOW LIMITED 2014  $’000 2013  $’000 28 PARENT ENTITY DISCLOSURES (a) Summary financial information Current assets 1,160 1,007 Total assets 351,137 453,508 Current liabilities 43,308 22,449 Total liabilities 44,738 23,868 Issued capital 219,191 234,345 Retained earnings 77,803 187,435 Employee equity benefit reserve 9,405 7,860 Total shareholders’ equity 306,399 429,640 Profit (loss) after tax (23,504) 111,895 Total comprehensive income (expense) (23,504) 111,895 (b) Financial guarantees Financial guarantees¹ 556 681 (c) Franking credit balance Amount of franking credits available as at year-end 1,472 1,495 Franking credit movements from payment of VRL’s provision for tax recorded at year-end 8,573 11,535 Franking debits that will arise after year-end, in relation to dividends paid or declared  (as at the date of this report) (19,825) (8,885) Amount of franking credits (deficit) available after adjusting for the above impacts (9,780) 4,145 (d) Contingent liabilities (i) Bank guarantees for commitments of subsidiaries 1,172 6,862 (ii) Several corporate guarantees for operating lease commitments (a) Guarantees for subsidiaries 47,533 45,625 (b) Guarantees for joint operations 12,658 18,652 (iii) Other corporate guarantee commitments (a) Guarantees in respect of subsidiaries’ commitments 6 10,002 61,369 81,141 $^{1}$  VRL has provided financial guarantees to a number of its subsidiaries, which commit the Company to make payments on behalf of these entities upon their failure  to perform under the terms of the relevant contract. The significant accounting estimates and/or assumptions used in determining the fair value of these  guarantees have been disclosed in Note 1(c)(xxx). 65 ANNUAL REPORT 2014 CLOSE FILE X