RACING AUSTRALIA ANNUAL REPORT 2021 47 Consolidated Entity Parent Entity 2021 $ 2020 $ 2021 $ 2020 $ NOTE 4: GOODWILL Non-Current Goodwill – RoR 1,710,801 1,710,801 1,710,801 1,710,801 Goodwill – RSB 5,031,200 5,031,200 5,031,200 5,031,200 6,742,001 6,742,001 6,742,001 6,742,001 NOTE 5: INVENTORIES Current Microchip supplies 11,673 945 11,673 945 EGRC Consumables 191,184 164,361 191,184 164,361 Jockey Helmets 1,500,000 1,500,000 1,500,000 1,500,000 Provision for Impairment of Jockey Helmets (562,500) - (562,500) - 1,140,357 1,665,306 1,140,357 1,665,306 The manufacturer of the jockey helmets has agreed to replace the stock of 1,500 jockey helmets at the manufacturers expense in compliance with SAI Global Standard ARB HS 2012 due for manufacture in January 2022. On delivery to Racing Australia, the jockey helmet impairment will be reversed. NOTE 6: PROPERTY, PLANT AND EQUIPMENT Plant and Equipment At cost 2,625,085 2,525,400 2,625,085 2,525,400 Less accumulated depreciation (1,982,668) (1,692,183) (1,982,668) (1,692,183) 642,417 833,217 642,417 833,217 Movements in Carrying Amounts Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the year is as follows: Balance at the beginning of year $ Additions at cost $ Depreciation expense $ Carrying amount at the end of year $ Consolidated 2021 Plant and equipment 833,217 99,685 (290,485) 642,417 Parent 2021 Plant and equipment 833,217 99,685 (290,485) 642,417 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
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