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Community Involvement The Group supports a range of initiatives aimed at giving back to local communities. The Group runs Give Me 5 For Kids a charity that raises money to support local childrens hospitals and charities in regional Australia. The charity runs an annual fundraiser in June of each year raising over 2 million in each of the 2015 and 2014 appeals. Through My Community Connect regional Australians are provided with an online event registry that is further supported via amplification through the Groups broad array of media assets. Every December the Groups I Believe in Christmas appeal delivers the festivities of Christmas to kids throughout regional Australia. This year the annual toy drive collected over 20000 toys that were distributed by The Salvation Army to families and children in need. The Board of Directors would like to thank the Groups absolutely engaging staff who continue to live our values every day and would also like to thank the shareholders for their continuing support for the Group. Distributions and Dividends Type Cents per share Total Amount 000 Date of Payment Final 2014 Ordinary 3.0 21157 3 November 2014 Interim 2015 Ordinary 3.0 21970 12 May 2015 Since the end of the financial year the Directors have declared the payment of a final 2015 ordinary dividend of 22.6 million 3.0 cents per fully paid share out of retained earnings 2013 profit reserve. This dividend will be paid on 4 November 2015 by the Company. Significant Changes in State of Affairs In the opinion of the Directors there were no significant changes in the state of affairs of the Group that occurred during the year under review. Events Occurring After Balance Date On 13 July 2015 the Group paid down 80 million of borrowings from cash reserves on the revolving 5 year SFA to reduce the drawn balance to 570 million 650 million at 30 June 2015. As both cash and the SFA are included in net debt there was no change to net debt. Brian Gallagher was appointed to the role of Chief Sales Officer on 15 July 2015. Andrea Ingham resigned from her role as National Sales Director on 17 July 2015. Likely Developments and Expected Results of Operations Further information on likely developments relating to the operations of the Group in future years and the expected results of those operations have not been included in this report because the Directors of the Company believe it would be likely to result in unreasonable prejudice to the commercial interests of the Group. Indemnification and Insurance of Officers and Auditors During the year the Company paid a premium of 192882 to insure its officers. So long as the officers of the Company act in accordance with the Constitution and the law the officers remain indemnified out of the assets of the Company and the Group against any losses incurred while acting on behalf of the Company and the Group. The auditors of the Group are in no way indemnified out of the assets of the Group. Non-Audit Services The Company may decide to employ the auditor on assignments additional to their statutory audit duties where the auditors expertise and experience with the Group are important. Details of the amounts paid or payable to the auditor PricewaterhouseCoopers Australia for audit and non-audit services provided during the year are set out in Note 21. The Board has considered the position and in accordance with advice received from the Audit and Risk Committee is satisfied that the provision of the non-audit services is compatible with the general standard of independence for auditors imposed by the Corporations Act 2001. The Directors are satisfied that the provision of non-audit services by the auditor did not compromise the auditor independence requirements of the Corporations Act 2001 for the following reasons all non-audit services have been reviewed by the Audit and Risk Committee to ensure they do not impact the impartiality and objectivity of the auditor and none of the services undermine the general principles relating to auditor independence as set out in APES 110 Code of Ethics for Professional Accountants. Environmental Regulation The operations of the Group are not subject to any significant environmental regulations under Australian Commonwealth State or Territory law. The Directors are not aware of any breaches of any environmental regulations. 17 SOUTHERN CROSS AUSTEREO ANNUAL REPORT 2015