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## NOTEs TO THE FINANCIAL sTATEMENTs 

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

## 20. PROVIsIONs (CONTINUED) 

## RECONCILIATION 

Reconciliations of the carrying amount of each class of provision, other than employee benefits, during the financial year are set out below: 

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## NATURE AND TIMING OF PROVISIONS 

## (i) eMPloyee BeneFiTS 

Provisions for employee benefits include liabilities for annual leave and long service leave and are measured at the amounts expected to be paid when the liabilities are settled, refer to Note 1(T)(i). 

## (ii) deFAMATion 

From time to time, entities in the Group are sued for defamation and similar matters in the ordinary course of business. The defamation provision maintained is with respect to various matters across the Group. At the date of this report there were no legal actions against the consolidated entity that have not been adequately provided for or that are expected to have a material impact on the Group. 

## (iii) PRoPeRTy 

The provision for property costs is in respect of make good provisions, deferred lease incentives and onerous lease provisions. The make good provisions and deferred lease incentives are amortised over the shorter of the term of the lease or the useful life of the assets, being up to sixteen years. 

## (iV) ReSTRuCTuRinG And RedundAnCy 

The provision is in respect of amounts payable in connection with restructuring and redundancies, including termination benefits, on-costs, outplacement and consultancy services. 

## (V) oTHeR 

Other provisions includes various other costs relating to the business. 

