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## NOTEs TO THE FINANCIAL sTATEMENTs 

FAIRFAx MEDIA LIMITED AND CONTROLLED ENTITIES FOR THE PERIOD ENDED 30 JUNE 2013 

## 5. DIsCONTINUED OPERATIONs 

On 21 December 2012, the Group disposed of its remaining 51% interest in Trade Me Group Ltd for proceeds of A$605.5 million net of transaction fees. 

The Trade Me business had its own operating segment within the segment reporting disclosures (refer Note 37). 

As at 30 June 2013, the Trade Me business has been classified as a discontinued operation. The financial information presented below is for the period ended 21 December 2012 and the comparative period is for the year ended 24 June 2012. 

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* The gain on sale is associated with the disposal of the Group’s 51% interest in Trade Me Group Ltd. Previous disposals of the Group’s interest in this entity have resulted in a gain on sale of $182.8 million recorded in equity as an acquisition reserve while the Group still retained control. 

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