44 RACING AUSTRALIA ANNUAL REPORT 2024 Consolidated 2024 $ 2023 $ NOTE 2: REVENUE Commercial services 5,308,104 5,139,810 Trainers & Racing Service Centre 1,974,796 1,938,437 Registrar of Racehorses 2,167,246 2,164,985 Australian Stud Book 5,142,079 5,414,353 Single National System 1,041,202 1,045,862 15,633,427 15,703,447 The disaggregation of revenue from contracts with customers is as follows: Timing of revenue recognition Goods transferred at a point in time 11,709,669 11,498,008 Services transferred over time 3,923,758 4,205,439 15,633,427 15,703,447 NOTE 3: OTHER INCOME Other income 237,400 123,308 Interest income 139,156 119,493 376,556 242,801 NOTE 4: EXPENSES Surplus before income tax has been determined after: Depreciation of plant and equipment 233,463 339,301 Amortisation of computer software and databases 2,142,273 2,369,848 Amortisation of right of use assets 194,079 179,208 Total depreciation and amortisation 2,569,815 2,888,357 Impairment expense 2,355,701 - Interest – other entities 122,095 104,632 Superannuation expense 799,930 746,318 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
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