RACING AUSTRALIA ANNUAL REPORT 2021 1 CONTENTS Board of Directors 2 About Racing Australia 4 Our Shareholders 5 Chairman’s Report 6 Chief Executive Officer’s Report 8 Racing and Breeding Operations Report 12 Integrity Report 14 Equine Welfare and Traceability Report 16 Service Standard Performance Report 18 Racing Australia Events 22 At a Glance 28 Key Statistics 29 Financial Report 30 Directors’ Report 31 – 34 Auditor’s Independence Declaration 35 Statement of Profit or Loss and Other Comprehensive Income 36 Statement of Financial Position 37 Statement of Changes in Equity 38 Statement of Cash Flows 39 Notes to the Financial Statements 40 – 51 Directors’ Declaration 52 Independent Auditor’s Report 53 VISION • To be Australia’s favourite sport • To conduct the world’s best races • To be the world’s leading Thoroughbred Racing Industry CORE FUNCTIONS • National Rules • National Integrity • National and International Advocacy • National Coordination • National Research and Analysis • Identify and Maximise Best Practice • National Efficiency/Back Office • Recognise and reward excellence in the industry • Communicate our role • Seek to identify emerging issues including Animal Welfare and provide leadership via a common policy approach including minimum standards CORE OBJECTIVE • Leverage existing assets further and identify new commercial opportunities Left: Mugatoo (IRE) ridden by Hugh Bowman wins the All-Star Mile at The Valley, 13-Mar-2021. (Photo courtesy of Racing Photos) Cover images: Main: Verry Elleegant and James McDonald after the mares four-length win in the Kia Tancred Stakes at Rosehill Gardens Racecourse, 28-Mar-2020. (Photo courtesy of www.bradleyphotos.com.au). Not A Single Doubt (75 Stakes Winners and 152 Stakes Wins) retired from Stud Duties in 2020. (Photo courtesy of Arrowfield Stud). Racing Australia's Equine Genetics Research Centre.
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