RACING AUSTRALIA ANNUAL REPORT 2023 47 Consolidated 2023 $ 2022 $ CONSOLIDATED 2023 BALANCE AT 1 JULY 2022 $ ADDITIONS AT COST $ AMORTISATION EXPENSE $ BALANCE AT 30 JUNE 2023 $ Goodwill 6,742,001 - - 6,742,001 Australian Stud Book 17,973,765 - - 17,973,765 Computer software & databases 5,511,899 3,610,532 (2,369,848) 6,752,583 30,227,665 3,610,532 (2,369,848) 31,468,349 NOTE 11: PAYABLES Current Trade payables 535,850 426,783 Other payables 3,306,571 4,091,834 3,842,421 4,518,617 NOTE 12: CONTRACT LIABILITIES Current Contract liabilities 449,491 436,041 449,491 436,041 Contract liabilities represent funds received for services yet to be performed. NOTE 13: EMPLOYEE BENEFITS Current Employee Benefits 1,370,265 1,257,402 1,370,265 1,257,402 Non-Current Employee Benefits 33,758 35,820 33,758 35,820 NOTE 14: LEASE LIABILITY Lease Liability – Current 142,161 214,794 Lease Liability – Non-Current 194,479 328,634 336,640 543,428 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
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