Twenty-First Century Fox 2002 Annual Report Download - page 64

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NOTE 5
Associated entities
The Company’s share of the profit (loss) after income tax of its associated entities consist principally of:
British Sky Broadcasting Group plc (51) (76)
Stream, S.p.A (66)
Sky Latin America
Net Sat Servicos Ltda (Brazil) (120) (101)
Innova, S.de R.L de C.V. (Mexico) (92) (52)
Other (78) (63)
Fox Sports Domestic Cable (USA) 33 89
FOXTEL (15) (11)
ESPN Star Sports (11) (23)
Other associated entities 86 75
Operating (loss) after income tax before other items (314) (162)
Other items after income tax (a) (1,120) (87)
Operating (loss) after income tax and other items (1,434) (249)
(a) The 2002 Other Items primarily represents the Company’s equity accounted share of the write off by its associate British Sky
Broadcasting Group plc (“BSkyB”) of its investment in KirchPayTV. At 30 June, 2002, the Company’s investment in BSkyB is recorded
at zero, and as a result the Company has ceased to equity account its share of BSkyB’s results. As at 30 June, 2002, the Company has
not recorded $135 million of its share of BSkyB’s losses, and will not recommence equity accounting until its share of cumulative
profits and reserve movements totalling this amount has been recorded by BSkyB in the future.
63
Notes to and forming part of the Concise Financial Report (Continued)
FOR THE YEAR ENDED 30 JUNE, 2002
THE NEWS CORPORATION LIMITED
Annual Report 2002
Consolidated
2002 2001
A$ million