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RACING AUSTRALIA ANNUAL REPORT 2016
Note
Consolidated entity
Parent entity
2016
$
2015
$
2016
$
2015
$
Revenue
Rendering of services
2(a)
12,946,159
11,529,861
12,519,074
11,195,344
Interest
2(b)
76,816
78,633
72,648
76,878
Other
2(b)
51,891
1,049,831
51,835
1,049,352
13,074,866
12,658,325
12,643,557
12,321,574
Expenses
Employee benefits expense
4,924,483
4,421,825
4,928,619
4,359,760
Occupancy costs
2(c)
241,371
187,612
241,371
187,612
Legal and consulting
378,396
386,959
375,873
375,768
Audit fees
44,500
42,200
33,000
32,000
Depreciation and amortisation 2(c)
851,076
731,538
844,850
726,544
Research grant
237,379
238,340
237,379
238,340
Administration
1,037,413
1,222,557
1,121,354
885,970
Finance costs
2(c)
705,096
687,687
703,335
685,626
Non repayable grants
-
98,862
-
98,862
Bad and doubtful debts
-
-
-
132,449
Stamp duty
-
733,882
-
733,882
AERGC operational
1,719,097
1,166,529
1,316,692
1,166,529
10,138,811
9,917,991
9,802,473
9,623,342
Surplus before income tax
expense
2,936,055
2,740,334
2,841,084
2,698,232
Income tax
1(b)
-
-
-
-
Surplus after income tax
expense for the year
2,936,055
2,740,334
2,841,084
2,698,232
Other comprehensive income
for the year, net of tax
-
-
-
-
Total comprehensive income
for the year
2,936,055
2,740,334
2,841,084
2,698,232
STATEMENT OF PROFIT OR LOSS AND
OTHER COMPREHENSIVE INCOME
For the year ended 30 June 2016
The accompanying notes form part of these financial statements.
Racing Australia Limited
| ACN 105 994 330 and Controlled Entities | Annual Report for the Financial Year Ended 30 June 2016