122 NOTEs TO THE FINANCIAL sTATEMENTs  37. sEGMENT REPORTING (CONTINUED) (C) OTHER SEGMENT INFORMATION (i)  SeGMenT ReVenue (ii) SeGMenT ReSulT – eBiT FAIRFAx MEDIA LIMITED AND CONTROLLED ENTITIES FOR THE PERIOD ENDED 30 JUNE 2013 Segment revenue reconciles to total revenue and income as follows:  Revenue from external customers includes the operating segments share of net profits from associates and joint ventures.  Transactions between operating segments relating to advertising are at a discount from the rate card and management  charges between operating segments are on third party terms. The consolidated entity operates predominantly in two geographic segments, Australia and New Zealand. The amount of its  revenue from external customers in Australia is $1,686.1 million (2012: $1,870.3 million) and the amount of revenue from external  customers in New Zealand is $359.3 million (2012: $354.6 million). Segment revenues are allocated based on the country in  which the customer is located.  The Board of Directors, CEO and CFO assess the performance of the operating segments based on a measure of underlying  EBIT. This measurement basis excludes the effects of significant items from the operating segments such as restructuring costs  and goodwill, masthead or radio licence impairments when the impairment is the result of an isolated, significant event. The  gains on the sale of Trade Me and the US Agricultural Media business have been excluded from the reportable segment results. Interest income and expenditure are not allocated to segments, as this type of activity is driven by the centralised treasury  function, which manages the cash position of the Group. A reconciliation of underlying EBIT to operating loss before income tax is provided as follows: SEGMENT REVENUE  $’000 INTERSEGMENT REVENUE $’000 REVENUE  FROM EXTERNAL CUSTOMERS $’000 UNDERLYING EBIT $’000 24 June 2012 Fairfax Regional Media  634,050   (2,223)  631,827   168,670  Metropolitan Media  1,132,997   (2,402)  1,130,595   72,571  New Zealand Media  348,262   (653)  347,609   59,539  Broadcasting  97,164   (67)  97,097   11,304  Other  8,670   –   8,670   4,447  Total for continuing operations  2,221,143   (5,345)  2,215,798   316,531  Trade Me (discontinued operations)  114,014   –   114,014   81,987  Total for the Group  2,335,157   (5,345)  2,329,812   398,518   30June 2013 $’000 24 JUNE 2012 $’000 Total segment revenue from external customers for continuing operations  2,011,717   2,215,798  Interest income  11,604   10,458  Share of net losses/(profits) of associates and joint ventures  2,239   (1,311) Gains on sale of controlled entities   19,830   –  Total revenue and income  2,045,390   2,224,945  30June 2013 $’000 24 JUNE 2012 RESTATED * $’000 underlying eBiT for continuing operations  220,499   316,531  Interest income  11,604   10,458  Finance costs  (66,571)  (120,189) Gains on sale of controlled entities in other revenue and income  19,830   –  Impairment of mastheads, goodwill, licences, customer relationships and software  (418,655)  (2,758,061) Impairment of investments, inventories and property, plant and equipment  (37,189)  (106,120) Restructuring and redundancy charges  (4,458)  (200,447) Reported net loss before tax  (274,940)  (2,857,828)