of Australia’s largest corporations during the year. Edge Loyalty has  secured preferred supplier agreements with many leading brands including  Fujitsu, Harvey Norman and Carlton and United Breweries and is the  dominant provider in the loyalty, rewards and promotion market. During the year, the Digital division completed the acquisition of Lifestyle  Rewards, which has helped expand Digital’s reward and loyalty offering. The  division also has exciting plans to enter the Asian market in calendar year  2015 via a roll-out of products similar to Australia. During the year VRL also endorsed a program of Digital Development  work across the divisions, focussing on enhancing on-line data collection,  analytics and overall engagement with customers via digital means i.e.  websites, smart phones, tablets, etc. VRL is extremely pleased by the great performance of these new businesses  and is confident that it will build a valuable asset and contribute materially  to earnings in the medium term. The revenues and costs of the Digital  division are included in the ‘Corporate and Other’ results. The total net Corporate and Other costs for the year ended 30 June 2014  were $32.3 million compared to $27.1 million for the year to June 2013,  including China / South East Asia development costs. EBITDA cost for the  year to 30 June 2014 was $30.0 million, in line with the prior year. Net interest revenue was lower in the current year compared with the prior  year due to lower cash reserves and draw down on debt facilities, as a result  of the payment of the shareholder distributions previously outlined and the  capital funding of the Wet’n’Wild Sydney development. Asia Development  net costs are associated with the South East Asia and China Theme Parks  expansion strategy and projects. As mentioned earlier, it is paramount that  VRL puts in place the right structures, secures and trains the right people,  and establishes a local presence in the region. This will provide VRL with  the best prospects of success as VRL evaluates and progresses with the  numerous growth opportunities available to it. It is expected that these  costs will be higher in the 2015 year as the Hong Kong office is established. VRL continues to operate its businesses in a environmental and socially  responsible manner whilst continuing to maximise long term shareholder  value. The Company continues its sustainability initiatives in its operating  businesses and also remains a firm supporter of charitable and community  involvement endeavours. Summarised information and reporting these  matters is available on the Company’s website at  www.villageroadshow.com.au The VRL group has again produced solid operating results for the year  ended 30 June 2014 with robust and durable earnings from its core  businesses. The Company enjoys quality, stable cash flows from its  established businesses which provide a platform from which to build for the future. During the year we have built and opened a major new theme  park in Wet’n’Wild Sydney and we have progressed with our Asian theme  park strategy. The Company has invested in its businesses and in its future. By servicing  the desire of people to want to go out, to be entertained, the VRL Board is  confident of the Company’s future prospects. VRL has been very successful  in maintaining and enhancing our cinemas and theme parks as fashionable  and exciting venues to cater for this insatiable demand. VRL applauds the direction the Australian Government is taking  to introduce legislation to curtail online piracy in Australia. Despite the level of piracy, VRL’s film businesses remain strong. The Government initiative mirrors that occurring in many other  countries where either government or industry are addressing  piracy including the UK, USA and particularly relevant is the  success in Korea, which was the first country to receive high  speed broadband. On the flip side of the digital revolution are  enormous opportunities for the Film Distribution division in  creating a low margin, low cost, exciting new business model in  what will be a totally new sector of VRL’s business. The VRL Board has demonstrated its commitment to  maintaining a stable, growing dividend return to shareholders  whilst building exciting expansion opportunities for the future. We are also proud of VRL’s strong share price appreciation  over the past few years and believe this reflects the market’s  recognition of VRL’s solid cash flows, strong management,  corporate governance initiatives and our demonstrated program  for future growth. One of the consequences of this increasing  share price and investor interest is that the Company is now  included in the ASX 200 Index. During the year, with the agreement of the VRL Board, both  of the under-signed clarified and formalised the reality of the  arrangement of our mutual understanding over a number of  years of working seamlessly together. Accordingly in November  2013 we became Co-CEOs and Co-Executive Chairmen of the  Company that we love and serve. However, as always, achievements are only realised by people. VRL is also immensely pleased that the Company’s success has  been built by the harmonious team efforts of the talented, loyal  and dedicated people at Village Roadshow. To all, the Board  extends its thanks. We must also note with gratitude the immense contribution  that our friend and Board colleague Barry Reardon has made  to the Company. Barry has decided not to seek re-election at  the 2014 annual general meeting in November this year after  having served as an Independent Non-executive Director of the  Company since March 1999. Barry’s insightful observations and industry knowledge will be sadly missed. We also thank you, our shareholders, for your continued  support and backing throughout the year. THE YEAR AHEAD ROBERT G. KIRBY GRAHAM W. BURKE IMAGES:  Village Cinemas ; The Hunger Games: Mockingjay Part 1; Wet’n’Wild Sydney CLOSE FILE X