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RACING AUSTRALIA ANNUAL REPORT 2016
Consolidated entity
Parent entity
2016
$
2015
$
2016
$
2015
$
NOTE 4: GOODWILL
Goodwill – RoR
1,710,801
1,710,801
1,710,801
1,710,801
Goodwill – RSB
5,031,200 5,031,200 5,031,200 5,031,200
6,742,001
6,742,001
6,742,001
6,742,001
NOTE 5: INVENTORIES
Microchip supplies
28,845
7,794
-
-
28,845
7,794
-
-
NOTE 6: PROPERTY, PLANT AND
EQUIPMENT
Plant and equipment
At cost
1,592,774
1,495,971
1,475,483
1,378,679
Less accumulated depreciation
(1,141,637)
(954,083)
(1,078,215)
(896,886)
451,137
541,888
397,268
481,793
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:
Balance at
the beginning
of year
$
Additions
at cost
$
Depreciation
expense
$
Carrying
amount at the
end of year
$
Consolidated 2016
Plant and equipment
541,888
96,803
(187,554)
451,137
Parent 2016
Plant and equipment
481,793
96,804
(181,329)
397,268
NOTES TO AND FORMING PART OF
THE FINANCIAL STATEMENTS
For the year ended 30 June 2016
Racing Australia Limited
| ACN 105 994 330 and Controlled Entities | Annual Report for the Financial Year Ended 30 June 2016