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RACING AUSTRALIA ANNUAL REPORT 2016
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STATEMENT OF FINANCIAL POSITION
As at 30 June 2016
Note
Consolidated entity
Parent entity
2016
$
2015
$
2016
$
2015
$
Current assets
Cash and cash equivalents
15
5,832,597
6,019,565
5,500,915
5,828,159
Trade and other receivables
3
1,428,359
1,795,610
1,483,957
1,490,761
Inventories
5
28,845
7,794
-
-
Total current assets
7,289,801
7,822,969
6,984,872
7,318,920
Non-current assets
Goodwill
4
6,742,001
6,742,001
6,742,001
6,742,001
Financial assets
12
-
-
2
2
Property, plant and equipment
6
451,137
541,888
397,268
481,793
Intangible assets
7
20,044,483
19,817,460 20,044,483
19,817,460
Total non-current assets
27,237,621
27,101,349
27,183,754
27,041,256
Total assets
34,527,422 34,924,318 34,168,626 34,360,176
Current liabilities
Trade and other payables
8
2,608,186
2,848,513
2,385,523
2,325,533
Provisions
9
853,294
813,059
853,294
813,059
Borrowings
10
2,500,000
2,125,000
2,500,000
2,125,000
Total current liabilities
5,961,480
5,786,572
5,738,817
5,263,592
Non-current liabilities
Provisions
9
10,391
14,495
10,391
14,495
Borrowings
10
7,767,512
11,271,267
7,767,512
11,271,267
Total non-current liabilities
7,777,903
11,285,762
7,777,903
11,285,762
Total liabilities
13,739,383
17,072,334
13,516,720 16,549,354
Net assets
20,788,039
17,851,984 20,651,906
17,810,822
Equity
Issued capital
11
10,103,051
10,103,051
10,103,051
10,103,051
Share capital
12
-
-
2
2
Accumulated surplus
10,684,988
7,748,933
10,548,853
7,707,769
Total equity
20,788,039
17,851,984 20,651,906
17,810,822
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