FAIRFAX MEDIA  LIMITED  2013  81 NOTEs TO THE FINANCIAL sTATEMENTs  12. INVEsTMENTs ACCOUNTED FOR UsING THE EqUITY METHOD (CONTINUED) FAIRFAx MEDIA LIMITED AND CONTROLLED ENTITIES FOR THE PERIOD ENDED 30 JUNE 2013 30June 2013 $’000 24 JUNE 2012 RESTATED (v) $’000 (i) Share of associates’ profits Revenue  76,193   44,586  Loss before income tax expense  (1,856)  (1,029) Non-recurring impairment charge in associate  (2,805)  –  Income tax (expense)/benefit  (96)  29  net loss after income tax expense  (4,757)  (1,000) (ii) Share of associates’ assets and liabilities Current assets  18,205   15,136  Non-current assets  30,685   24,158  Total assets  48,890   39,294  Current liabilities  13,627   11,057  Non-current liabilities  3,280   4,315  Total liabilities  16,907   15,372  (B) INTERESTS IN JOINT VENTURES (v) Certain income statement numbers shown here do not correspond to the 2012 financial statements and reflect adjustments due to  discontinued operations as detailed in Note 5. (vi) Investment was disposed as part of the US Agricultural Media business sale on 14 November 2012. (C) SHARE OF NET (LOSSES)/PROFITS OF ASSOCIATES AND JOINT VENTURES (Loss)/profit before income tax expense  (2,035)  1,433  Income tax expense  (204)  (122) net (loss)/profit after income tax expense  (2,239)  1,311 30June 2013 $’000 24 JUNE 2012 $’000 (i) Share of joint ventures’ profits Revenues  11,257   11,274  Expenses  (8,631)  (8,812) Profit before income tax expense  2,626   2,462  Income tax expense  (108)  (151) net profit after income tax expense  2,518   2,311  (ii) Share of joint ventures’ assets and liabilities Current assets  4,786   4,107  Non-current assets  16,466   16,990  Total assets  21,252   21,097  Current liabilities  1,223   1,198  Non-current liabilities  257   339  Total liabilities  1,480   1,537  OWNERSHIP INTEREST NAME OF COMPANY PRINCIPAL ACTIVITY PLACE OF  INCORPORATION  30June 2013 24 JUNE 2012 Dog Lovers Show Pty Limited Organisation of canine industry exhibitions Australia 50.0% 50.0% Farm Progress/VX LLC (vi) Organisation of agricultural events USA  –  50.0% Fermax Distribution Company Pty Ltd Letterbox distribution of newspapers Australia 50.0% 50.0% Gilgandra Newspapers Pty Ltd Newspaper publishing and printing Australia 50.0% 50.0% Gippsland Regional Publications Partnership Newspaper publishing and printing Australia 50.0% 50.0% Torch Publishing Company Pty Ltd  Newspaper publishing and printing Australia 50.0% 50.0%