KATHMANDU A NNUAL REPORT  2013 63 21 DIVIDENDS 22 REMUNERATION OF AUDITORS 23 CONTINGENT LIABILITIES During the year the following fees were paid or payable for services provided by the auditor of the parent entity, its related practices and  other network audit firms: B) RETAINED EARNINGS GROUP PARENT 2013 2012 2013 2012 NZ$’000 NZ$’000 NZ$’000 NZ$’000 Opening retained earnings 77,278 62,418 (15,654) (13,943) Profit for the year 44,174 34,852 18,130 18,281 Share Options/Performance Rights lapsed 53 8 53 8 Less dividends paid (20,018) (20,000) (20,018) (20,000) Balance at 31 July 101,487 77,278 (17,489) (15,654) GROUP PARENT 2013 2012 2013 2012 NZ$’000 NZ$’000 NZ$’000 NZ$’000 Prior year final dividend paid 14,012 14,000 14,012 14,000 Current year interim dividend paid 6,006 6,000 6,006 6,000 Dividends paid ($0.10 per share (2012; $0.10)) 20,018 20,000 20,018 20,000 GROUP PARENT Audit Services - Pricewaterhouse Coopers 2013 2012 2013 2012 NZ$’000 NZ$’000 NZ$’000 NZ$’000 Statutory audit 121 122 78 59 Half year review 28 28 28 28 Other assurance services 19 5 - - Total remuneration for audit services 168 155 106 87 GROUP PARENT 2013 2012 2013 2012 NZ$’000 NZ$’000 NZ$’000 NZ$’000 Liabilities outstanding under letters of credit 2,161 1,542 - - Rent guarantees 9,131 9,848 - - Financial guarantees 1,813 1,713 - -