40 RACING AUSTRALIA ANNUAL REPORT 2024 The accompanying notes form part of these financial statements. STATEMENT OF CHANGES OF EQUITY Consolidated Note 2024 $ 2023 $ ISSUED CAPITAL Issued Capital 15 10,103,051 10,103,051 Closing balance 10,103,051 10,103,051 ACCUMULATED SURPLUS Opening balance 30,308,396 28,172,045 (Deficit) / surplus for the year (258,777) 2,136,351 Closing Balance 30,049,619 30,308,396 Total Equity 40,152,670 40,411,447 FOR THE YEAR ENDED 30 JUNE 2024 CASH FLOW FROM OPERATING ACTIVITIES Receipts from customers 16,824,936 15,836,521 Payments to suppliers and employees (11,557,997) (11,302,043) Finance costs (122,095) (104,632) Interest received 139,156 119,493 Net cash from operating activities 5,284,000 4,549,339 CASH FLOW FROM INVESTING ACTIVITIES Payments for plant, and equipment (74,848) (397,400) Payments for Intangible assets (2,352,513) (3,610,532) Net cash (used in) investing activities (2,427,361) (4,007,932) CASH FLOW FROM FINANCING ACTIVITIES Repayments of lease liability (224,998) (252,948) Net cash (used in) financing activities (224,998) (252,948) Net increase in cash held 2,631,641 288,459 Cash and cash equivalents at beginning of financial year 10,784,192 10,495,733 Cash and cash equivalents at end of financial year 5 13,415,833 10,784,192 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2024
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