RACING AUSTRALIA ANNUAL REPORT 2023 37 The accompanying notes form part of these financial statements. STATEMENT OF FINANCIAL POSITION Consolidated Entity Note 2023 $ 2022 $ CURRENT ASSETS Cash and cash equivalents 5 10,784,192 10,495,733 Trade and other receivables 6 3,041,681 3,051,447 Inventories 7 213,992 234,642 TOTAL CURRENT ASSETS 14,039,865 13,781,822 NON-CURRENT ASSETS Plant and equipment 8 665,949 607,850 Right of use assets 9 269,859 449,067 Intangible assets 10 31,468,349 30,227,665 TOTAL NON-CURRENT ASSETS 32,404,157 31,284,582 TOTAL ASSETS 46,444,022 45,066,404 CURRENT LIABILITIES Trade and other payables 11 3,842,421 4,518,617 Contract liabilities 12 449,491 436,041 Employee benefits 13 1,370,265 1,257,402 Lease liabilities 14 142,161 214,794 TOTAL CURRENT LIABILITIES 5,804,338 6,426,854 NON-CURRENT LIABILITES Employee benefits 13 33,758 35,820 Lease liabilities 14 194,479 328,634 TOTAL NON-CURRENT LIABILITIES 228,237 364,454 TOTAL LIABILITIES 6,032,575 6,791,308 NET ASSETS 40,411,447 38,275,096 EQUITY Issued Capital 15 10,103,051 10,103,051 Accumulated surplus 30,308,396 28,172,045 TOTAL EQUITY 40,411,447 38,275,096 AS AT 30 JUNE 2023
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