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/FIRST AND FINAL ADD -- NY073 -- THE NEWS CORPORATION LIMITED REPORTS RESULTS/

 THE NEWS CORPORATION LIMITED
 Audited Consolidated Results
 Profit and Loss Statement
 A$ Million
 Year ended June 30 1993 1992 Percent
 Note Change
 Operating revenue A 10,685.5 10,189.0 4.9
 Operating income A 1,702.3 1,590.7 7.0
 Other income (expense)
 Dividends 18.8 20.2
 Associated companies
 profit/(losses) 177.3 (56.8)
 Interest expense (net) B (737.1) (931.7)
 Total (541.0) (968.3)
 Operating income before tax
 expense and abnormal items 1,161.3 622.4 86.6
 Income tax expense C 109.9 25.0 339.6
 Operating profit after income
 tax before abnormal items 1,051.4 597.4
 Outside equity interests in
 operating profit before
 abnormal items 72.5 66.9
 Operating profit after outside
 equity interests, before
 abnormal items 978.9 530.5 84.5
 Abnormal items (net) D
 Parent entity and controlled
 entities (6.5) (18.4)
 Associated companies (108.1) (10.6)
 Total (114.6) (29.0)
 Operating profit after income
 tax attributable to members
 of the parent entity 864.3 501.5
 Earnings per share
 On operating profit after
 outside equity interests,
 before abnormal items $0.57 $0.37 54.1
 Abnormal items ($0.07) ($0.02)
 On operating profit after income
 tax attributable to members
 of the parent entity $0.50 $0.35
 THE NEWS CORPORATION LIMITED
 Audited Consolidated Results
 Balance Sheet (A$ millions)
 Periods ended June 30 1993 1992
 Current assets
 Cash 658.5 411.4
 Receivables 1,984.3 1,772.7
 Inventories 971.9 784.8
 Other 180.2 132.5
 Total current assets 3,794.9 3,101.4
 Non-current assets
 Receivables 364.3 480.7
 Investments 3,268.1 3,537.4
 Inventories 1,750.8 1,714.6
 Property, plant and equipment 3,691.1 3,633.6
 Publishing rights, titles and
 television licenses 13,316.9 12,913.3
 Goodwill 527.0 467.8
 Other 559.1 371.9
 Total non-current assets 23,477.3 23,119.3
 Total assets 27,272.2 26,220.7
 Current liabilities
 Borrowings 17.8 353.1
 Creditors 2,992.7 2,771.5
 Provisions 252.1 289.2
 Total current liabilities 3,262.6 3,413.8
 Non-current liabilities
 Borrowings 10,162.0 9,881.8
 Creditors 864.3 1,044.7
 Provisions 208.8 181.3
 Total non-current liabilities 11,235.1 11,107.8
 Total liabilities 14,497.7 14,521.6
 Net assets 12,774.5 11,699.1
 Shareholder's equity
 Share capital 959.3 218.6
 Reserves 6,933.9 7,278.6
 Retained profits 4,204.9 3,393.2
 Shareholders' equity attributable
 to members of the parent entity 12,098.1 10,890.4
 Outside equity interest in
 controlled entities 676.4 808.7
 Total shareholders' equity 12,774.5 11,699.1
 NOTE: The strengthening of the U.S.$ against the A$ has resulted in a translational increase of A$849 million in Australian dollar consolidated borrowings.
 THE NEWS CORPORATION LIMITED
 Audited Consolidated Results
 Cash Flow Statement
 A$ million
 Year ended June 30 1993 1992
 Operating activity
 Operating profit after tax 864.3 501.5
 Adjustment for non cash and
 non operating activities
 Equity earnings net of dividends 2.7 76.0
 Depreciation and amortization 231.0 225.1
 Provisions and other 106.0 9.5
 Net gain on sale of
 non-current assets (61.7) (218.9)
 Outside equity interests in
 controlled entities 52.1 44.7
 Change in related balance sheet accounts
 Receivables (171.1) 134.6
 Inventories 51.6 (38.7)
 Payables 93.3 (232.3)
 Cash provided by
 operating activity 1,168.2 501.5
 Investing and other activity
 Property plant and equipment (569.7) (434.7)
 Investments (169.3) (205.5)
 Proceeds from sale
 of business entities 263.1 530.7
 Proceeds from sale of other
 non current assets 125.4 284.8
 Cash (used)/provided by
 investing activity (350.5) 175.3
 Financing activity
 Issuance of debt 8,671.7 1,069.4
 Repayment of debt (9,681.9) (2,119.4)
 Issuance of ordinary shares 942.3 518.5
 Issuance of convertible
 preferred stock 236.0
 Preference capital redeemed (226.3) (4.0)
 Dividends paid (61.4) (43.1)
 Leasing and other finance costs (244.4) (128.8)
 Cash used in financing activity (600.0) (471.4)
 Net increase in cash 217.7 205.4
 Opening cash balance 411.4 201.9
 Exchange movement on
 opening balance 29.4 4.1
 Closing cash balance 658.5 411.4
 THE NEWS CORPORATION LIMITED
 Earnings Summary
 For The Year Ended June 30, 1993
 (In Millions)
 Three Months Australian Dollars United States Dollars
 Ended June 30, per per per per
 1993 Share 1992 Share 1993 ADR 1992 ADR
 Revenues 2,715.6 2,457.1 1,883.9 1,858.6
 Operating
 profit 461.5 401.3 320.5 303.5
 Income before
 abnormal
 items 310.4 $.17 196.7 $.13 215.9 $.95 149.7 $.78
 Abnormal
 items (89.6) (.05) (132.3) (.10) (62.7) (.28) (101.8) (.58)
 Net income
 and abnormal
 items 220.8 $.12 64.4 $.03 153.2 $.67 47.9 $.18
 Twelve Months Australian Dollars United States Dollars
 Ended June 30, per per per per
 1993 Share 1992 Share 1993 ADR 1992 ADR
 Revenues 10,685.5 10,189.0 7,482.0 7,810.9
 Operating
 profit 1,702.3 1,590.7 1,192.0 1,219.4
 Income before
 abnormal
 items 976.9 $.57 530.5 $.37 685.4 $3.19 406.7 $2.27
 Abnormal
 items (114.6) (.07) (29.0) (.02) (80.2) (.38) (22.2) (.12)
 Net income
 and abnormal
 items 864.3 $.50 501.5 $.35 605.2 $2.81 384.5 $2.15
 The earnings summary in U.S. dollars includes revenues and income of U.S. operations in actual U.S. dollars. Revenues and income of Australian and United Kingdom operations have been converted at the average exchange rates for each period. The U.S. operations in 1993 accounted for 68 percent and 56 percent of consolidated revenues and operating profit respectively. Revenues and operating profit of the United Kingdom represent 18 percent and 24 percent respectively and the Australian and Pacific Basin operations represent 14 percent and 20 percent respectively.
 The United States dollar information for the three months ended June 30 reflects the exchange rate adjustment for the full twelve months. This treatment is consistent with prior periods.
 THE NEWS CORPORATION LIMITED
 Audited Consolidated Results
 (A$ million)
 Note A - Segment Data
 Year Ended June 30, 1993 1992
 By Geographic Area
 Revenues
 United States 7,227.0 6,475.5
 United Kingdom 1,942.8 1,966.5
 Australia and Pacific Basin 1,515.7 1,747.0
 10,685.5 10,189.0
 Operating Income
 United States 964.3 880.0
 United Kingdom 401.9 381.8
 Australia and Pacific Basin 336.1 328.9
 Consolidated operating income 1,702.3 1,590.7
 Investment income 196.1 (36.6)
 Net interest expense (737.1) (931.7)
 Operating profit before abnormal items 1,161.3 622.4
 Abnormal items (135.0) (1.3)
 Operating profit before income tax and
 outside equity interests 1,026.3 621.1
 By Industry Segment
 Revenues
 Newspapers 3,069.8 2,954.8
 Magazines and inserts 1,656.2 1,643.9
 Television 1,614.0 1,234.9
 Filmed entertainment 2,622.9 2,423.6
 Book publishing 1,513.0 1,452.8
 Other 209.6 479.0
 10,685.5 10,189.0
 Operating income
 Newspapers 671.4 590.5
 Magazines and inserts 401.6 381.8
 Television 373.1 259.7
 Filmed entertainment 52.6 127.0
 Book publishing 201.5 204.2
 Other 2.1 27.5
 Consolidated operating income 1,702.3 1,590.7
 Investment income 196.1 (36.6)
 Net interest expense (737.1) (931.7)
 Operating profit before abnormal items 1,161.3 622.4
 Abnormal items (135.0) (1.3)
 Operating profit before income tax and
 outside equity interests 1,026.3 621.1
 THE NEWS CORPORATION LIMITED
 Audited Consolidated Results
 (A$ Million)
 Note B - Net Interest Expense
 Year Ended June 30, 1993 1992
 Interest paid to
 Other corporations 795.8 984.7
 Associated companies 3.7 7.4
 799.5 992.1
 Interest received from
 Associated companies (24.9) (49.2)
 Other corporations (37.5) (11.2)
 (62.4) (60.4)
 Net interest expense 737.1 931.7
 Interest capitalized
 Property, plant and equipment 42.4 47.3
 Film inventories 22.2 23.9
 64.6 71.2
 Note C - Income Tax Expense
 Operating profit before abnormal items
 Parent entity and controlled entities 60.5 19.9
 Associated companies 49.4 5.1
 109.9 25.0
 Abnormal items
 Parent entity and controlled entities 1.8 41.9
 Associated companies (22.2) (14.2)
 (20.4) 27.7
 Total
 Parent entity and controlled entities 62.3 61.8
 Associated companies 27.2 (9.1)
 89.5 52.7
 THE NEWS CORPORATION LIMITED
 Audited Consolidated Results
 (A$ Million)
 Note D - Abnormal Items
 Year Ended June 30, 1993 1992
 Abnormal items before tax
 Parent entity and controlled entities (4.7) 23.5
 Associated companies (130.3) (24.8)
 (135.0) (1.3)
 Income tax expense/(benefit)
 Parent entity and controlled entities 1.8 41.9
 Associated companies (22.2) (14.2)
 (20.4) 27.7
 Abnormal items after tax (114.6) (29.0)
 Note E - Other Profit and Loss Information
 Depreciation and amortization 231.0 225.1
 Amortization of capitalized interest 42.1 21.3
 Note F - Ratios
 Operating profit after tax as a
 percentage of operating revenues 8.1 pct 4.9 pct
 Operating profit to shareholders funds 7.1 pct 4.6 pct
 Net tangible asset backing per share
 including convertible preferred stock
 and the U.K. special dividend shares $6.0691 $6.0124
 THE NEWS CORPORATION LIMITED
 Audited Consolidated Results
 (A$ Million)
 Note G - Dividends
 A final fully franked ordinary dividend has been declared payable on
 Oct. 12, 1993. Completed share transfers received by the company up
 to 5:00 p.m. on Sept. 28, 1993 will be registered before
 entitlements to the dividend are determined.
 Year Ended June 30, 1993 1992
 Dividends declared during the
 year ended June 30, 1993
 Final fully franked dividend per share
 - payable Oct. 12, 1993 $0.0150 $0.0125
 Interim fully franked dividend per share
 - paid April 30, 1993 $0.0150 $0.0125
 Annual 1993 Dividend per Share $0.0300 $0.0250
 Note H - Operating Profit
 Operating profit after tax and abnormal
 items for the six months ended
 Dec. 31, 1992
 Parent entity and controlled entities 428.2 432.7
 Associated companies 24.6 (77.6)
 452.8 355.1
 Operating profit after tax and abnormal
 items for the six months ended
 June 30, 1993
 Parent entity and controlled entities 416.3 141.4
 Associated companies (4.8) 5.0
 411.5 146.4
 Total operating profit for the year
 ended June, 30, 1993 864.3 501.5
 Note I - Earnings Per Share
 Earnings per share is calculated using the weighted average number of ordinary shares, special dividend shares and the number of ordinary shares which will be issued in respect of convertible preference shares issued by certain controlled entities, outstanding at the end of each period.
 The number of shares used in both the June 1993 and 1992 earnings per share has been adjusted for the bonus issue made on March 5, 1993. Accordingly the weighted average number of shares used was 1,727,193,667 at June 30, 1993 and 1,463,583,788 at June 30, 1992.
 Diluted earnings per share is not materially different from the basic earnings per share.
 Note J - Issued and Quoted Securities As At June 30, 1993
 All shares issued during the year were fully paid up, at a par value of $0.50 per share.
 Ordinary Shares Number Issued and Quoted
 Balance as at July 1, 1992 1,536,772,012
 Options exercised 5,893,400
 Issue 160,000,000
 Dividend reinvestment and bonus share plan 5,221,030
 Shares issued in respect of preference share
 dividend entitlements 1,877,140
 Shares issued in respect of preference
 share conversion 68,853,468
 Balance as at June 30, 1993 1,778,617,050
 A bonus issue was declared of three ordinary shares of $0.50 each, fully paid for every one ordinary share held. Entitlements to the bonus issue was calculated on registered shares as at March 5, 1993. All current period share issues have been adjusted for this bonus issue.
 The group in October 1992 through certain controlled entities issued 180 8-1/2 percent convertible preference shares. On Jan. 3, 1993, 169 notes were converted into 68,853,468 ordinary shares, the remaining 11 shares are convertible into 4,485,012 ordinary shares of The News Corporation Limited.
 -0- 8/24/93 AA NY073
 /PRNewswire -- Aug. 24/
 /END FIRST AND FINAL ADD/
 (NWS)


CO: The News Corporation Limited ST: Australia IN: PUB SU: ERN

TM -- NY073A -- 5653 08/24/93 22:55 EDT
COPYRIGHT 1993 PR Newswire Association LLC
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