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## NOTEs TO THE FINANCIAL sTATEMENTs 

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

## 21. PENsION AssETs AND LIABILITIEs (CONTINUED) 

## (H) NET FINANCIAL POSITION OF PLAN 

In accordance with AAS 25 Financial Reporting by Superannuation Plans the plans’ net financial position is determined as the difference between the present value of the accrued benefits and the net market value of plan assets. This has been determined as a deficit of $2 million at the most recent financial position of the plans, being 1 July 2012 for Australia and 1 April 2011 for New Zealand. In accordance with the actuarial assessment of Fairfax Media Super as at 1 July 2012, additional contributions are being made to meet the financing objective of the plan. 

The Directors, based on the advice of the trustees of the plan, are not aware of any changes in circumstances since the date of the most recent financial statements of the plans (1 July 2012 for Australia and 1 April 2011 for New Zealand), which would have a material impact on the overall financial position of the defined benefit plan. 

## (I) HISTORIC SUMMARY 

<img src='content_image/222317.jpg'>

## 22. CONTRIBUTED EqUITY 

<img src='content_image/222318.jpg'>

* Amount is less than $1000 

## RECONCILIATIONS 

Movements for each class of contributed equity, by number of shares and dollar value, are set out below: 

<img src='content_image/222319.jpg'>

