RACING AUSTRALIA ANNUAL REPORT 2024 39 The accompanying notes form part of these financial statements. STATEMENT OF FINANCIAL POSITION Consolidated Entity Note 2024 $ 2023 $ CURRENT ASSETS Cash and cash equivalents 5 13,415,833 10,784,192 Trade and other receivables 6 2,087,572 3,041,681 Inventories 7 252,807 213,992 TOTAL CURRENT ASSETS 15,756,212 14,039,865 NON CURRENT ASSETS Plant and equipment 8 507,334 665,949 Right of use assets 9 462,647 269,859 Intangible assets 10 29,322,888 31,468,349 TOTAL NON CURRENT ASSETS 30,292,869 32,404,157 TOTAL ASSETS 46,049,081 46,444,022 CURRENT LIABILITIES Trade and other payables 11 3,544,923 3,842,421 Contract liabilities 12 410,697 449,491 Employee benefits 13 1,357,210 1,370,265 Lease liabilities 14 222,532 142,161 TOTAL CURRENT LIABILITIES 5,535,362 5,804,338 NON CURRENT LIABILITIES Employee benefits 13 61,149 33,758 Lease liabilities 14 299,900 194,479 TOTAL NON CURRENT LIABILITIES 361,049 228,237 TOTAL LIABILITIES 5,896,411 6,032,575 NET ASSETS 40,152,670 40,411,447 EQUITY Issued capital 15 10,103,051 10,103,051 Accumulated surplus 30,049,619 30,308,396 TOTAL EQUITY 40,152,670 40,411,447 AS AT 30 JUNE 2024
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