| | Consolidated | The Company |
| | Note | 2007 $’000 | 2006 $’000 | 2007
$’000 | 2006
$’000 | |
| | | | | | | |
| Total equity at the beginning of the year | | 563,875 | 605,984 | 843,407 | 843,112 | |
| Adjustment to opening retained earnings for AASB 117 Leases | 29 | (1,423) | - | - | - | |
| Minority interest in adjustment to opening retained earnings | | 222 | - | - | - | |
| Total restated equity at the beginning of the year | | 562,674 | 605,984 | 843,407 | 843,112 | |
| | | | | | | |
| AASB 139 hedge reserves | | 4,292 | (4,328) | - | - | |
| Exchange differences on translation of foreign operations | | (2,757) | (530) | - | - | |
| Net income recognised directly in equity | | 1,535 | (4,858) | - | - | |
| Profit for the year | | 78,523 | 54,447 | 51,931 | 77,518 | |
| Total recognised income and expense for the year before minority interest | | 80,058 | 49,589 | 51,931 | 77,518 | |
| | | | | | | |
| Total recognised profit for the year is attributable to: | | | | | | |
| Members of Ten Network Holdings Limited | | 66,879 | 41,740 | 51,931 | 77,518 | |
| Minority interest | | 13,179 | 7,849 | - | - | |
| | | 80,058 | 49,589 | 51,931 | 77,518 | |
| | | | | | | | | |