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## NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) 

For the year ended 30 June 2014 

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## Terms and conditions relating to the above financial instruments: 

The Company has a long-term finance facility with a facility limit of $100 million as at 30 June 2014 (30 June 2013: $100 million). This facility, which was undrawn as at 30 June 2014 and as at the date of this report, is secured by equitable share mortgages over certain subsidiary and associate holding companies, and by guarantees from various wholly-owned subsidiaries. 

Other secured borrowings are separately secured by a fixed and floating charge over the assets of the Village Roadshow Theme Parks group, the Roadshow Distributors Pty. Ltd. group, and the Village Cinemas Australia Pty. Ltd. group. The security for these borrowings is limited to the assets and undertakings of each particular operation or groups of operations. The total carrying value of the financial assets that are secured is $1,423.8 million (2013: $1,272.3 million). The lease liabilities are secured by a charge over the leased assets. 

Refer Note 30(c)(ii) for additional information concerning finance lease terms and conditions. 

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## Make good provision 

In accordance with certain lease agreements, the Group must restore leased premises to the original condition on expiration of the relevant lease. Provisions are raised in respect of such ‘make good’ clauses to cover the Group’s obligation to remove leasehold improvements from leased premises where this is likely to be required in the foreseeable future. In addition, in 2013, make good provisions were taken up in relation to the likely closure of rides/ attractions in the Theme Parks division (refer also to Note 14). Because of the long term nature of the liability, the greatest uncertainty in estimating the provision is the costs that will ultimately be incurred. 

## Other provisions 

Other provisions mainly comprises an onerous lease provision (with the balance relating to various other matters). Due to the nature of the liability, the greatest uncertainty in estimating the provision is the costs that will ultimately be incurred. 

