RACING AUSTRALIA ANNUAL REPORT 2023 45 Consolidated 2023 $ 2022 $ NOTE 5: CASH AND CASH EQUIVALENTS Cash at Bank and on Hand 10,784,192 10,495,733 10,784,192 10,495,733 Of the above amount, there is $1,630,098 (PY: $2,600,407) which is held as part of Racing Australia Jockeys Insurance Programme and is not available for use for general business purposes. NOTE 6: TRADE AND OTHER RECEIVABLES Current Trade receivables 2,655,670 2,536,406 Other receivables 386,011 515,041 3,041,681 3,051,447 Of the trade receivables, $1,489,571 is with related parties (2022: $1,682,020). NOTE 7: INVENTORIES Current Microchip supplies 23,319 26,185 EGRC Consumables 190,673 208,457 Jockey Helmets 1,500,000 1,500,000 Provision for Impairment of Jockey Helmets (1,500,000) (1,500,000) 213,992 234,642 The manufacturer of the jockey helmets replaced the stock of 1,500 jockey helmets impaired in the 30 June 2022 financial statements. This replacement will be at the manufacturers expense in compliance with ARB Helmet Safety Standard HS 2012. These helmets were delivered to Racing Australia during the 2022/23 financial year. NOTE 8 PROPERTY, PLANT AND EQUIPMENT Plant and Equipment At cost 3,262,640 2,865,240 Less accumulated depreciation (2,596,691) (2,257,390) 665,949 607,850 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: CONSOLIDATED 2023 BALANCE AT 1 JULY 2022 $ ADDITIONS AT COST $ DEPRECIATION EXPENSE $ BALANCE AT 30 JUNE 2023 $ Plant and equipment 607,850 397,400 (339,301) 665,949 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
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