RACING AUSTRALIA ANNUAL REPORT 2025 43 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 20255 Consolidated 2025 $ 2024 $ CONSOLIDATED 2025 BALANCE AT 1 JULY 2024 $ ADDITIONS AT COST $ AMORTISATION EXPENSE $ BALANCE AT 30 JUNE 2025 $ Goodwill 6,742,001 - - 6,742,001 Australian Stud Book 17,973,765 - - 17,973,765 Computer software & databases 4,607,122 2,369,892 (2,274,992) 4,702,022 29,322,888 2,369,892 (2,274,992) 29,417,788 NOTE 11: PAYABLES Current Trade payables 465,013 476,470 Other payables 5,059,981 3,068,453 5,524,994 3,544,923 NOTE 12: CONTRACT LIABILITIES Contract liabilities 381,515 410,697 381,515 410,697 Contract liabilities represent funds received for services yet to be performed. NOTE 13: EMPLOYEE BENEFITS Current Employee Benefits 1,497,535 1,357,210 Non-Current Employee Benefits 62,570 61,149 NOTE 14: LEASE LIABILITY Lease Liability – Current 104,812 222,532 Lease Liability – Non-Current 201,131 299,900 305,943 522,432
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