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## NOTEs TO THE FINANCIAL sTATEMENTs 

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

## 7. DIVIDENDs PAID AND PROPOsED 

## (A) ORDINARY SHARES 

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## (B) DIVIDENDS PROPOSED AND NOT RECOGNISED AS A LIABILITY 

Since reporting date the Directors have declared a dividend of 1.0 cent per fully paid ordinary share, fully franked at the corporate tax rate of 30%. The aggregate amount of the dividend to be paid on 17 September 2013 out of profits, but not recognised as a liability at the end of the year, is expected to be $23.5 million. 

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On a tax-paid basis, the Company’s franking account balance is approximately $60.0 million (2012: $74.2 million). The impact on the franking account of the dividend declared by the Directors since reporting date will be a reduction in the franking account of approximately $10.1 million. 

