76 NOTEs TO THE FINANCIAL sTATEMENTs  6. INCOME TAx ExPENsE CONSOLIDATED INCOME STATEMENT CONSOLIDATEDSTATEMENTOFCOMPREHENSIVEINCOME Deferred tax related to items charged or credited directly to other comprehensive income during the year: FAIRFAx MEDIA LIMITED AND CONTROLLED ENTITIES FOR THE PERIOD ENDED 30 JUNE 2013 Income tax expense is reconciled to prima facie income tax payable as follows: 30June 2013 $’000 24 JUNE 2012 $’000 Unrealised gain/(loss) on available for sale financial assets  4   (90) Net (loss)/gain on actuarial gains and losses  (702)  1,117  Net (loss)/gain on revaluation of cash flow hedges  (1,022)  3,561  Net gain on hedge of net investment  5,530   1,070  Net gain on exchange differences on translation of foreign operations  20   4  income tax on items of other comprehensive income  3,830   5,662 30June 2013 $’000 24 JUNE 2012 $’000 Net loss from continuing operations before income tax expense  (274,940)  (2,857,828) Net profit from discontinued operations before income tax expense  323,086   79,984  Profit/(loss) before income tax expense  48,146   (2,777,844) Prima facie income tax at 30% (2012: 30%)  14,444   (833,353) Tax effect of differences: Overseas tax rate and accounting differentials  (8,030)  4,289  Share of net losses/(profits) of associates and joint ventures  1,313   (442) Capital gains not taxable  (83,774)  (552) Non-assessable dividends  (5)  (11) (Under)/over provision in respect of current tax in prior financial years  (941)  3,420  Under provision in respect of deferred tax in prior financial years  (966)  (5,475) Temporary differences not recognised on intangible and other asset write-offs  125,486   780,269  Non-deductible items  2,309   2,861  Impact of tax consolidation  –   (2,612) Other  (719)  (435) income tax expense/(benefit)  49,117   (52,041) Income tax expense/(benefit) for continuing operations  37,912   (73,043) Income tax expense for discontinued operations  11,205   21,002  income tax expense/(benefit)  49,117   (52,041) The major components of income tax expense in the income statement are: Current income tax expense  27,620   39,325  Deferred income tax expense/(benefit)  11,233   (115,584) (Under)/over provision in respect of current tax in prior financial years  (941)  3,216  income tax expense/(benefit) in the income statement  37,912   (73,043)