RACING AUSTRALIA ANNUAL REPORT 2022 31 STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2022 Consolidated Entity Parent Entity Note 2022 $ 2021 $ 2022 $ 2021 $ Current assets Cash and cash equivalents 13 10,495,733 8,342,045 10,474,135 8,331,293 Trade and other receivables 3 3,051,447 2,037,463 3,103,484 2,139,516 Inventories 5 234,642 1,140,357 234,642 1,140,357 Total current assets 13,781,822 11,519,865 13,812,261 11,611,166 Non current assets Goodwill 4 6,742,001 6,742,001 6,742,001 6,742,001 Property, plant, and equipment 6 607,850 642,417 607,850 642,417 Intangible assets 7 23,485,664 23,332,871 23,485,664 23,332,871 Right of use assets 14 449,067 641,764 449,067 641,764 Total non current assets 31,284,582 31,359,053 31,284,582 31,359,053 Total assets 45,066,404 42,878,918 45,096,843 42,970,219 Current liabilities Trade and other payables 8 4,954,658 4,636,977 4,943,551 4,627,076 Provisions 9 1,257,402 1,339,574 1,257,402 1,339,574 Lease liability 10 214,794 200,455 214,794 200,455 Total current liabilities 6,426,854 6,177,006 6,415,747 6,167,105 Non current liabilities Provisions 9 35,820 77,021 35,820 77,021 Lease liability 10 328,634 534,194 328,634 534,194 Total non current liabilities 364,454 611,215 364,454 611,215 Total liabilities 6,791,308 6,788,221 6,780,201 6,778,320 Net assets 38,275,096 36,090,697 38,316,642 36,191,899 Equity Issued Capital 11 10,103,051 10,103,051 10,103,051 10,103,051 Accumulated surplus 28,172,045 25,987,646 28,213,591 26,088,848 Total equity 38,275,096 36,090,697 38,316,642 36,191,899 The accompanying notes form part of these financial statements.
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