44 RACING AUSTRALIA ANNUAL REPORT 2023 Consolidated 2023 $ 2022 $ NOTE 2: REVENUE Commercial services 5,139,810 4,960,502 Trainers & Racing Service Centre 1,938,437 1,858,866 Registrar of Racehorses 2,164,985 2,170,275 Australian Stud Book 5,414,353 5,210,721 Single National System 1,045,862 1,131,505 15,703,447 15,331,869 The disaggregation of revenue from contracts with customers is as follows: Timing of revenue recognition Goods transferred at a point in time 11,498,008 11,577,929 Services transferred over time 4,205,439 3,753,940 15,703,447 15,331,869 NOTE 3: OTHER INCOME Other income 123,308 648,549 Interest income 119,493 11,447 242,801 659,996 NOTE 4: EXPENSES Surplus before income tax has been determined after: Depreciation of plant and equipment 339,301 274,722 Amortisation of computer software and databases 2,369,848 2,064,000 Amortisation of right of use assets 179,208 192,697 Total depreciation and amortisation 2,888,357 2,531,419 Impairment expense - 937,500 Interest – other entities 104,632 131,418 Superannuation expense 746,318 715,215 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
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