48 RACING AUSTRALIA ANNUAL REPORT 2021 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Consolidated Entity Parent Entity 2021 $ 2020 $ 2021 $ 2020 $ NOTE 7: INTANGIBLES Non-Current Australian Stud Book 17,973,765 17,973,765 17,973,765 17,973,765 17,973,765 17,973,765 17,973,765 17,973,765 Computer software & databases 18,236,609 16,080,525 18,236,609 16,080,525 Less accumulated amortisation (12,877,503) (10,971,634) (12,877,503) (10,971,634) 5,359,106 5,108,891 5,359,106 5,108,891 23,332,871 23,082,656 23,332,871 23,082,656 Balance at the beginning of year $ Additions at cost $ Amortisation expense $ Carrying amount at the end of year $ Consolidated 2021 Australian Stud Book 17,973,765 - - 17,973,765 Computer software & databases 5,108,891 2,156,084 (1,905,869) 5,359,106 23,082,656 2,156,084 (1,905,869) 23,332,871 Parent 2021 Australian Stud Book 17,973,765 - - 17,973,765 Computer software & databases 5,108,891 2,156,084 (1,905,869) 5,359,106 23,082,656 2,156,084 (1,905,869) 23,332,871 NOTE 8: PAYABLES Current Trade payables 412,079 269,041 412,079 269,041 Other payables 4,224,898 2,619,462 4,214,997 2,601,341 4,636,977 2,888,503 4,627,076 2,870,382
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