FAIRFAX MEDIA  LIMITED  2013  55 RECONCILIATION OF STATUTORY TO UNDERLYING PERFORMANCE notes: (i) Revenue from ordinary activities excluding interest income and trading results of discontinued operations. (ii) Finance costs less interest income. (iii) The remaining 51% of Trade Me Group Ltd was disposed of on 21 December 2012 and classified as a discontinued operation. The “As  reported” net profit after tax from discontinued operations includes both trading results of this business up to the date of disposal and  the profit on disposal. Certain numbers shown here do not correspond to the 2012 financial statements and reflect adjustments due to  discontinued operations as detailed in Note 5. (iv) Significant items are those items of such a nature or size that separate disclosure will assist users to understand the accounts. Refer to  Note 4 for further details of significant items.  RECONCILIATION OF TRADING TO OPERATING CASH FLOW   30June 2013 $’000 24 JUNE 2012 $’000 Cash flow from trading activities 376,645 534,903 Redundancy payments (96,018) (42,511) Interest and dividends received 14,330 13,591 Finance costs and income tax paid (108,506)  (238,334) Net cash flow from operating activities 186,451  267,649 AS REPORTED SIGNIFICANT ITEMS (IV) TRADING PERFORMANCE  EXCLUDING SIGNIFICANT ITEMS NOTE  30June 2013 $’000 24 JUNE 2012 $’000  30June 2013 $’000 24 JUNE 2012 $’000  30June 2013 $’000 24 JUNE 2012 $’000 Total revenue (i)  2,033,786   2,214,487   19,830   –   2,013,956   2,214,487  Associate (losses)/profits   (2,239)  1,311   –   –   (2,239)  1,311  Expenses   (2,150,758)  (4,860,417)  (460,302)  (3,064,628)  (1,690,456)  (1,795,789) operating eBiTdA  (119,211)  (2,644,619)  (440,472)  (3,064,628)  321,261   420,009  Depreciation and amortisation  (100,762)  (103,478)  –   –   (100,762)  (103,478) eBiT  (219,973)  (2,748,097)  (440,472)  (3,064,628)  220,499   316,531  Net finance costs (ii)  (54,967)  (109,731)  –   –   (54,967)  (109,731) net profit/(loss) before tax  (274,940)  (2,857,828)  (440,472)  (3,064,628)  165,532   206,800  Tax (expense)/benefit  (37,912)  73,043   12,569   126,807   (50,481)  (53,764) net profit/(loss) after tax  from continuing operations  (312,852)  (2,784,785)  (427,903)  (2,937,821)  115,051   153,036  Net profit after tax from  discontinued operations (iii)  311,881   58,982   283,444   –   28,437   58,982  net profit/(loss) after tax  (971)  (2,725,803)  (144,459)  (2,937,821)  143,488   212,018  Net profit attributable to  non-controlling interest  (15,461)  (6,594)  –   –   (15,461)  (6,594) net profit/(loss) attributable to  members of the Company   (16,432)  (2,732,397)  (144,459)  (2,937,821)  128,027   205,424  earnings/(loss) per share  (0.7)  (116.2)  5.4   8.7  MANAGEMENT DIsCUssION AND ANALYsIs REPORT