34 RACING AUSTRALIA ANNUAL REPORT 2025 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME Consolidated Note 2025 $ 2024 $ Revenue 2 15,536,603 15,633,427 Other income 3 320,191 376,556 Expenses Employee benefits 7,975,761 7,981,418 Legal & consulting 263,316 433,774 Audit fees 53,500 52,000 Depreciation & amortisation expense 4 2,688,950 2,569,815 Research grant 218,082 219,312 Administration 1,971,261 2,173,548 Finance costs 95,389 122,095 Impairment expense – Computer Software & Databases 4 & 10 - 2,355,701 Expected credit loss expense 6 91,150 - Equine testing fees 293,147 361,097 13,650,556 16,268,760 Surplus / (deficit) before income tax expense 2,206,238 (258,777) Income tax expense - - Surplus / (deficit) after income tax expense for the year 2,206,238 (258,777) Other comprehensive income for the year, net of tax - - Total comprehensive income surplus / (deficit) for the year 2,206,238 (258,777) FOR THE YEAR ENDED 30 JUNE 2025
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