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RACING AUSTRALIA ANNUAL REPORT 2016
| 75
Consolidated entity
Parent entity
2016
$
2015
$
2016
$
2015
$
NOTE 7: INTANGIBLES
Australian Stud Book
17,973,765 17,973,765 17,973,765 17,973,765
17,973,765 17,973,765 17,973,765 17,973,765
Computer software and databases
8,059,750
7,169,207
8,059,750
7,169,207
Less accumulated amortisation
(5,989,032)
(5,325,512)
(5,989,032)
(5,325,512)
2,070,718
1,843,695
2,070,718
1,843,695
20,044,483 19,817,460 20,044,483 19,817,460
Note: The Australian Stud Book has been reclassified as an intangible asset instead of goodwill, there has been
no change to the amounts shown.
Consolidated 2016
Balance
at the
beginning
of year
$
Additions
at cost
$
Amortisation
expense
$
Carrying
amount
at the end of
year
$
Australian Stud Book
17,973,765
-
-
17,973,765
Computer software and databases
1,843,695
890,543
(663,520)
2,070,718
19,817,460
890,543
(663,520)
20,044,483
Parent 2016
Australian Stud Book
17,973,765
-
-
17,973,765
Computer software and databases
1,843,695
890,543
(663,520)
2,070,718
19,817,460
890,543
(663,520)
20,044,483
Racing Australia Limited
| ACN 105 994 330 and Controlled Entities | Annual Report for the Financial Year Ended 30 June 2016