40 RACING AUSTRALIA ANNUAL REPORT 2022 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Consolidated Entity Parent Entity 2022 $ 2021 $ 2022 $ 2021 $ NOTE 2: REVENUE AND EXPENSES Continuing operations (a) Rendering of Services Commercial services 4,960,502 4,856,081 4,950,429 4,846,256 Trainers & Racing Service Centre 1,858,866 1,711,035 1,858,866 1,711,035 Registrar of Racehorses 2,170,275 2,286,233 2,170,275 2,286,233 Australian Stud Book 5,210,721 5,179,212 5,210,721 5,179,212 Single National System 1,131,505 1,026,354 1,131,505 1,026,354 15,331,869 15,058,915 15,321,796 15,049,090 (b) Other revenue Other income 1,201,159 1,321,631 1,201,159 1,321,631 Interest income 11,447 1,840 11,447 1,840 Total revenue 16,544,475 16,382,386 16,534,402 16,372,561 (c) Surplus before income tax has been determined after: Depreciation of plant and equipment 274,722 290,485 274,722 290,485 Amortisation of computer software and databases 2,064,000 1,905,869 2,064,000 1,905,869 Amortisation of right of use assets 192,697 187,057 192,697 187,057 Total depreciation and amortisation 2,531,419 2,383,411 2,531,419 2,383,411 Interest – other entities 131,418 133,773 131,184 133,589 Superannuation expense 715,215 787,093 713,632 769,117 NOTE 3: TRADE AND OTHER RECEIVABLES Current Trade receivables 2,536,406 1,668,791 2,536,406 1,668,791 Less provision for impairment on receivables - - - - Other receivables 515,041 368,672 567,078 470,725 3,051,447 2,037,463 3,103,484 2,139,516
RkJQdWJsaXNoZXIy ODA1NTI=