RACING AUSTRALIA ANNUAL REPORT 2021 37 STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2021 Consolidated Entity Parent Entity Note 2021 $ 2020 $ 2021 $ 2020 $ Current assets Cash and cash equivalents 13 8,342,045 5,911,599 8,331,293 5,911,318 Trade and other receivables 3 2,037,463 2,474,092 2,139,516 2,526,129 Inventories 5 1,140,357 1,665,306 1,140,357 1,665,306 Total current assets 11,519,865 10,050,997 11,611,166 10,102,753 Non current assets Goodwill 4 6,742,001 6,742,001 6,742,001 6,742,001 Property, plant, and equipment 6 642,417 833,217 642,417 833,217 Intangible assets 7 23,332,871 23,082,656 23,332,871 23,082,656 Right of use assets 14 641,764 814,002 641,764 814,002 Total non current assets 31,359,053 31,471,876 31,359,053 31,471,876 Total assets 42,878,918 41,522,873 42,970,219 41,574,629 Current liabilities Trade and other payables 8 4,636,977 2,888,503 4,627,076 2,870,382 Provisions 9 1,339,574 1,240,288 1,339,574 1,240,288 Lease liability 10 200,455 187,517 200,455 187,517 Total current liabilities 6,177,006 4,316,308 6,167,105 4,298,187 Non current liabilities Provisions 9 77,021 129,713 77,021 129,713 Lease liability 10 534,194 721,987 534,194 721,987 Total non current liabilities 611,215 851,700 611,215 851,700 Total liabilities 6,788,221 5,168,008 6,778,320 5,149,887 Net assets 36,090,697 36,354,865 36,191,899 36,424,742 Equity Issued Capital 11 10,103,051 10,103,051 10,103,051 10,103,051 Accumulated surplus 25,987,646 26,251,814 26,088,848 26,321,691 Total equity 36,090,697 36,354,865 36,191,899 36,424,742 The accompanying notes form part of these financial statements.
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