RACING AUSTRALIA ANNUAL REPORT 2025 45 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Consolidated 2025 $ 2024 $ NOTE 18: PARENT ENTITY INFORMATION Set out below is the supplementary information about the parent entity. Statement of profit or loss and other comprehensive income (Loss)/Surplus after income tax expense 2,252,276 (306,666) Total comprehensive (loss)/surplus 2,252,276 (306,666) Statement of financial position Total current assets 20,180,914 15,771,497 Total assets 50,204,439 46,064,366 Total current liabilities 7,508,856 5,523,711 Total liabilities 7,772,557 5,884,760 Equity Issued capital 10,103,051 10,103,051 Retained surplus 32,328,831 30,076,555 Total equity 42,431,882 40,179,606 NOTE 19: RELATED PARTY TRANSACTIONS Subsidiaries Interests in subsidiaries are set out in Note 22. Key management personnel Disclosures relating to key management personnel are set out in Note 16. Transactions with related parties The following transactions occurred with related parties: Revenues from related parties: 4,386,346 3,855,293 Payments for goods and services to related parties: 384,023 446,776 Receivable from and payable to related parties. The following balances are outstanding at the reporting date in relation to transactions with related parties: Current Receivables: Trade receivables to associates: 3,536,841 740,955 Current payables: Trade payables to associates: 29,788 30,780 Loans to/from related parties There is a $0 loan receivable from TTSC (2024: $0). Terms and conditions All transactions were made on normal commercial terms and conditions and at market rates.
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