36 RACING AUSTRALIA ANNUAL REPORT 2025 The accompanying notes form part of these financial statements. STATEMENT OF CHANGES OF EQUITY Consolidated Note 2025 $ 2024 $ ISSUED CAPITAL Issued capital 15 10,103,051 10,103,051 Closing balance 10,103,051 10,103,051 ACCUMULATED SURPLUS Opening balance 30,049,619 30,308,396 Surplus / (deficit) for the year 2,206,238 (258,777) Closing balance 32,255,857 30,049,619 Total equity 42,358,908 40,152,670 FOR THE YEAR ENDED 30 JUNE 2025 Consolidated Note 2025 $ 2024 $ CASH FLOW FROM OPERATING ACTIVITIES Receipts from customers 15,453,314 16,824,936 Payments to suppliers and employees (11,397,615) (11,557,997) Finance costs (95,389) (122,095) Interest received 149,194 139,156 Net cash from operating activities 4,109,504 5,284,000 CASH FLOW FROM INVESTING ACTIVITIES Payments for plant, and equipment 8 (49,714) (74,848) Payments for intangible assets 10 (2,369,892) (2,352,513) Net cash (used in) investing activities (2,419,606) (2,427,361) CASH FLOW FROM FINANCING ACTIVITIES Repayments of lease liability (216,489) (224,998) Net cash (used in) financing activities (216,489) (224,998) Net increase in cash held 1,473,409 2,631,641 Cash and cash equivalents at beginning of financial year 13,415,833 10,784,192 Cash and cash equivalents at end of financial year 5 14,889,242 13,415,833 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2025
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