2014-01-13 Deamalgamation Report Attachment

Page 22 of 95

Balance Sheet Item       Methodology - 30 June 2013                                     Methodology - 31 December 2013

         Trade and other           Based on the actual contribution to trade and other payables by the | Based on the balance of trade and other payables as at 31 December
         payables                  new council and continuing council as at 30 June 2013 (i-e.,   2013 for the new council and continuing council
                                   allocated in accordance with the underlying transaction)
          Employee Provisions      Based on the provisions attaching to the staff that are expected to Based on the provisions attaching to the staff that will reside with the
                                   reside with the new council and continuing council on 1 January new council and continuing council on 1 January 2013
                                   2013
                                                                                                  These provisions will not be cash backed
                                  If this is not known with certainty, then based on the percentage of
                                   Staff numbers expected to transfer to the new council and continuing
                                   council on de-amalgamation
                                   These provisions will not be cash backed
         Other provisions         Based on balance of other provisions as at 30 June 2013        Based on balance of other provisions as at 31 December 2013
                                   attributable to the new council and continuing council (i.€., allocated | attributable to the new council and continuing council (i.e., allocated in
                                   in accordance with the underlying transaction)                 accordance with the underlying transaction)
                                   These provisions will not be cash backed                       These provisions will not be cash backed
         Other assets and          Based on balance of other assets and liabilities as at 30 June 2013 =| Based on balance of other assets and liabilities as at 31 December
         liabilities               attributable to the new council and continuing council (i.€., allocated | 2013 attributable to the new council and continuing council (i.e.,
                                   in accordance with the underlying transaction)                 allocated in accordance with the underlying transaction)
         Source: De-Amalgamation Transfer Methodology

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