RACING AUSTRALIA ANNUAL REPORT 2024 45 Consolidated 2024 $ 2023 $ NOTE 5: CASH AND CASH EQUIVALENTS Cash at Bank and on Hand 13,415,833 10,784,192 13,415,833 10,784,192 Of the above amount, there is $1,833,347 (2023: $1,630,098) 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 1,533,616 2,655,670 Other receivables 553,956 386,011 2,087,572 3,041,681 Of the trade receivables, $740,955 is with related parties (2023: $1,489,571). NOTE 7: INVENTORIES Current Microchip supplies 31,395 23,319 EGRC Consumables 221,412 190,673 252,807 213,992 NOTE 8: PLANT AND EQUIPMENT Plant and Equipment At cost 3,337,488 3,262,640 Less accumulated depreciation (2,830,154) (2,596,691) 507,334 665,949 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 2024 BALANCE AT 1 JULY 2023 $ ADDITIONS AT COST $ DEPRECIATION EXPENSE $ BALANCE AT 30 JUNE 2024 $ Plant and equipment 665,949 74,848 (233,463) 507,334 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
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