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## Village Roadshow Limited – Tax Consolidation 

Effective from 1 July 2003, VRL and its relevant wholly-owned entities have formed a Tax Consolidated group. Members of the Tax Consolidated group have executed a combined Tax Sharing and Tax Funding Agreement (“TSA”) in order to allocate income tax expense to the wholly-owned entities predominantly on a stand-alone basis. In addition, the TSA provides for the allocation of income tax liabilities between the entities should the head entity default on its income tax payment obligations to the Australian Taxation Office. At balance date, the possibility of default is remote. The head entity of the Tax Consolidated group is VRL. VRL has formally notified the Australian Taxation Office of its adoption of the tax consolidation regime. 

## Village Roadshow Limited – Tax Consolidation contribution amounts 

In the year ended 30 June 2014, VRL recognised an increase in current tax liabilities of $34.8 million (2013: $29.1 million), and an increase in inter-company receivables of $34.8 million (2013: $29.1 million) in relation to tax consolidation contribution amounts. 

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