RECONCILIATION OF RESULTS for the year ended 30 June 2013 16 VILLAGE ROADSHOW LIMITED THEME PARKS CINEMA EXHIBITION FILM DISTRIBUTION OTH E R TOTAL 2014  $’000 2013  $’000 2014  $’000 2013  $’000 2014  $’000 2013  $’000 2014  $’000 20 13 $’0 0 0 2014  $’000 2013  $’000 (i) Reconciliation of results: Continuing Operations: Earnings before Interest, Tax, Depreciation and Amortisation, excluding material $_{items of income and expense (“EBITDA”)}$ 96,635 89,345 62,568 58,504 41,665 46,203 (30,007) (30,059) 170,861 163,993 Depreciation and amortisation (45,249) (36,185) (14,862) (13,585) (3,211) (3,196) (2,027) (1,298) (65,349) (54,264) Finance costs before fair value change on derivatives and finance restructuring costs (18,466) (22,763) (4,407) (4,993) (4,678) (6,092) (2,709) (1,337) (30,260) (35,185) Interest income 176 297 474 502 1,065 1,068 2,481 5,596 4,196 7,463 Operating profit (loss) before tax and material items of income and expense (“PBT”) 33,096 30,694 43,773 40,428 34,841 37,983 (32,262) (27,098) 79,448 82,007 Income tax (expense) benefit, excluding material items (9,901) (9,788) (11,727) (10,558) (10,774) (12,521) 10,029 8,200 (22,373) (24,667) Operating profit (loss) after tax, before material items of income and expense 23,195 20,906 32,046 29,870 24,067 25,462 (22,233) (18,898) 57,075 57,340 Non-controlling interest (619) (153) – – – – – – (619) (153) Attributable operating profit after tax, before material items of income and expense 22,576 20,753 32,046 29,870 24,067 25,462 (22,233) (18,898) 56,456 57,187 Material items of income and expense before tax (3,848) (6,920) (1,009) (1,374) (316) 7,586 (6,674) (4,196) (11,847) (4,904) Income tax (expense) benefit – material items 554 2,076 165 (38) 95 (3,390) 570 – 1,384 (1,352) Material items of income and expense after tax (3,294) (4,844) (844) (1,412) (221) 4,196 (6,104) (4,196) (10,463) (6,256) Material items – non-controlling interest (224) – – – – – – – (224) – Material items – profit (loss) after tax & non-controlling interest (3,518) (4,844) (844) (1,412) (221) 4,196 (6,104) (4,196) (10,687) (6,256) Total profit (loss) before tax from continuing operations 29,248 23,774 42,764 39,054 34,525 45,569 (38,936) (31,294) 67,601 77,103 Total income tax (expense) benefit from continuing operations (9,347) (7,712) (11,562) (10,596) (10,679) (15,911) 10,599 8,200 (20,989) (26,019) Total non-controlling interest (843) (153) – – – – – – (843) (153) Total attributable profit after tax from continuing operations per the statement of comprehensive income 19,058 15,909 31,202 28,458 23,846 29,658 (28,337) (23,094) 45,769 50,931 Discontinued Operations: Attributable profit after tax from discontinued operations – – Net profit attributable to the members of Village Roadshow Limited 45,769 50,931 (ii) Material items of income and expense from continuing operations: Unrealised mark to market profits (losses) on interest rate and foreign currency derivatives (26) 2,637 Impairment, write-downs and provisions relating to non-current assets and onerous lease (3,003) (14,383) Finance restructuring costs (2,840) – Legal settlement and expenses (4,774) – Profit (loss) on disposal of investments/businesses (1,204) 6,842 Total loss from material items of income and expense before tax (11,847) (4,904) Income tax (expense) benefit 1,384 (1,352) Total non-controlling interest – material items (224) – Total attributable loss from material items of income and expense after tax (10,687) (6,256) (iii) Earnings Per Share adjusted to eliminate discontinued operations and material items of income and expense from the calculations: Basic EPS 35.4c 36.7c Diluted EPS 34.9c 36.2c Note: The VRL group results are prepared under Australian Accounting Standards, and also comply with International Financial Reporting Standards (“IFRS”). The Reconciliation of Results include s c ertain non-IFRS  measures including EBITDA and operating profit excluding material items of income and expense and discontinued operations. These measures are used internally by management to assess the p e rformance of the business,  make decisions on the allocation of resources and assess operational management. Non-IFRS measures have not been subject to audit or review, however all items used to calculate these non-IF R S measures have been  derived from information used in the preparation of the audited or audit-reviewed (as applicable) financial statements. CLOSE FILE X