Racing Australia Annual Report 2015
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Consolidated entity
Parent entity
2015
$
2014
$
2015
$
2014
$
NOTE 2: REVENUE AND EXPENSES
Continuing operations
(a) Rendering of services
Commercial services
4,839,802 4,547,592
4,780,149 4,498,068
Trainers and Racing Service Centre
1,077,982
1,083,545
1,077,982
1,083,545
Registrar of Racehorses
1,542,590 1,579,588
1,542,590 1,579,588
Australian Stud Book
3,353,631
-
3,353,631
-
Australian Genetics Testing
274,864
-
-
-
Single National System
440,992
441,928
440,992
441,928
11,529,861
7,652,653 11,195,344
7,603,129
(b) Other revenue
Other income
1,049,831
38,119
1,049,352
60,157
Interest income
78,633
53,889
76,878
50,610
Total revenue
12,658,325 7,744,661
12,321,574
7,713,896
(c) Surplus before income tax has been
determined after:
Depreciation of plant and equipment
204,050
157,350
199,056
157,114
Amortisation of computer software and
databases
527,488
332,168
527,488
332,168
Total depreciation and amortisation
731,538
489,518
726,544
489,282
Operating lease rental expense
187,612
159,660
187,612
159,660
Interest – other entities
687,687
28,977
685,626
28,171
Superannuation expense
348,183
254,066
338,673
254,066
NOTE 3: TRADE AND OTHER RECEIVABLES
Trade receivables
1,489,407
1,068,417
1,031,859 1,038,258
Less: Provision for doubtful debts
-
(4,280)
-
-
1,489,407
1,064,137
1,031,859 1,038,258
Other receivables
306,203
261,714
458,902
441,096
1,795,610 1,325,851
1,490,761
1,479,354
NOTE 4: OTHER NON-CURRENT FINANCIAL
ASSETS
Interest bearing loans advanced to:
Other related parties
Racing Queensland Limited
-
17,795
-
17,795
-
17,795
-
17,795
Racing Australia Pty Ltd
| ACN 105 994 330 and Controlled Entities | Annual Report for the Financial Year Ended 30 June 2015
