2007 Half Year Consolidated Income Statement

	Half year 28 February 2007 $'000	Half year 28 February 2006 $'000

Revenue from ordinary activities	491,874	464,534
Expenses from ordinary activities	(348,019)	(305,327)
Finance costs ^A	(64,279)	(65,385)
Share of net profit of associates and joint ventures accounted for using the equity method	1,408	833
Profit from ordinary activities before income tax	80,984	94,655
Income tax expense	(36,241)	(43,743)
Net profit from ordinary activities after income tax	44,743	50,912
Net profit attributable to outside equity interests	(7,027)	(8,046)
Net profit attributable to members of Ten Network Holdings Limited	37,716	42,866

^A: Finance costs include $43.3m of subordinated debenture interest in respect of profits for the period (2006: $49.5m)

Earnings per share for profit attributable to the ordinary equity holders of the company (EPS)

28 February
2007

28 February 2006

Basic EPS (cents per share)

Diluted EPS (cents per share)

9.46

10.75

The above consolidated income statement should be read in conjunction with the accompanying notes.

	Half year 28 February 2007 $'000	Half year 28 February 2006 $'000

Revenue from ordinary activities	491,874	464,534
Expenses from ordinary activities	(348,019)	(305,327)
Finance costs ^A	(64,279)	(65,385)
Share of net profit of associates and joint ventures accounted for using the equity method	1,408	833
Profit from ordinary activities before income tax	80,984	94,655
Income tax expense	(36,241)	(43,743)
Net profit from ordinary activities after income tax	44,743	50,912
Net profit attributable to outside equity interests	(7,027)	(8,046)
Net profit attributable to members of Ten Network Holdings Limited	37,716	42,866