NOTES TO THE FINANCIAL STATEMENTS: CAPITAL STRUCTURE AND FINANCIAL COSTS FAIRFAX MEDIA LIMITED AND CONTROLLED ENTITIES FOR THE PERIOD ENDED 28 JUNE 2015
28 JUNE 2015 $’000
29 JUNE 2014 $’000
Balance at beginning of the financial year
182,706
181,048
Non-controlling interest arising on the disposal of Fairfax Radio Network Pty Limited as part of the acquisition of Macquarie Radio Network Limited
(24,412)
-
42
1,658
158,336
182,706
NOTE (F) ACQUISITION RESERVE
Acquisition of non-controlling interest Balance at end of the financial year
The acquisition reserve is used to record differences between the carrying value of non-controlling interests and the consideration paid/received, where there has been a transaction involving non-controlling interests that does not result in a loss of control. The reserve is attributable to the equity of the parent.
28 JUNE 2015 $’000
29 JUNE 2014 $’000
Balance at beginning of the financial year
(6,837)
(6,837)
Balance at end of the financial year
(6,837)
(6,837)
NOTE (G) GENERAL RESERVE
The general reserve is used to record Stapled Preference Share (SPS) issue costs that have been transferred from contributed equity. The SPS were repurchased on 29 April 2011.
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