2014  $’000 2013  $’000 2 REVENUE AND EXPENSES FROM CONTINUING OPERATIONS  (continued) (e) Finance costs Total finance costs before fair value change on derivatives and finance restructuring costs 30,260 35,185 Finance restructuring costs  (refer material items of income and expense in Reconciliation of Results contained in Directors’ Report) 2,840 – Fair value change on interest rate derivatives  (refer material items of income and expense in Reconciliation of Results contained in Directors’ Report) 26 (2,637) Total finance costs 33,126 32,548 3 EARNINGS PER SHARE Basic earnings per share amounts are calculated by dividing net profit attributable to ordinary equity holders of the parent by the weighted average number  of ordinary shares outstanding during the year. 2014 2013 (a) Earnings per share: Net profit attributable to ordinary equity holders of VRL Basic EPS 28.7 cents 32.7 cents Diluted EPS 28.3 cents 32.3 cents Net profit from continuing operations attributable to ordinary equity holders of VRL Basic EPS 28.7 cents 32.7 cents Diluted EPS 28.3 cents 32.3 cents (b) The following reflects the income and share data used in the basic earnings per share computations: 2014  $’000 2013  $’000 Net profit from continuing operations 46,612 51,084 Net profit attributable to non-controlling interest from continuing operations (843) (153) Net profit attributable to ordinary equity holders of VRL (from continuing operations and in total) 45,769 50,931 2014  No. of Shares 2013  No. of Shares Weighted average number of ordinary shares for basic earnings per share 159,490,636 155,760,052 Weighted average number of ordinary shares for diluted earnings per share¹ 161,721,974 157,887,682 ¹ The issued options were reviewed and determined to represent 2,231,338 potential ordinary shares as at 30 June 2014 (2013: 2,127,630 potential ordinary shares). There have been no other transactions involving ordinary shares or potential ordinary shares between the reporting date and the date of completion of  these financial statements. Under Accounting Standard AASB 2:  Share-based Payment , shares issued under the company’s various share plans are required to be accounted for as  options. Shares issued under these plans are referred to as ‘in-substance options’ and are included in ordinary shares for the purposes of the EPS  calculation. 2014  $’000 2013  $’000 4 INCOME TAX (a) Major components of income tax expense from continuing operations  for the years ended 30 June 2014 and 2013 are: Statement of Comprehensive Income Current income tax Current income tax expense (24,252) (16,007) Adjustments in respect of current income tax of prior years (44) (762) Deferred income tax Relating to origination and reversal of temporary differences 4,448 (10,470) Movements taken up in equity instead of income tax expense (1,141) 1,220 Income tax expense reported in statement of comprehensive income – continuing operations (20,989) (26,019) (b) A reconciliation of income tax expense applicable to accounting profit before income tax at the  statutory income tax rate to income tax expense at the Group’s effective income tax rate is as follows: Net profit before income tax 67,601 77,103 At the statutory income tax rate of 30% (2013: 30%) (20,281) (23,131) Adjustments in respect of current income tax of previous years (44) (762) Other assessable income – (1,290) Non-deductible expenses (1,722) (2,106) Net losses of overseas subsidiaries not brought to account (1,167) (1,567) After-tax equity accounted profits (losses) included in pre-tax profit 2,544 3,281 Other (319) (444) Total income tax expense – continuing operations – at effective tax rate of 31.0% (2013: 33.7%) (20,989) (26,019) 46 VILLAGE ROADSHOW LIMITED CLOSE FILE X NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS  (CONTINUED) For the year ended 30 June 2014