Racing Australia Annual Report 2017

56 | Racing Australia Annual Report 2017 NOTE CONSOLIDATED ENTITY PARENT ENTITY 2017 $ 2016 $ 2017 $ 2016 $ Revenue Rendering of services 2(a) 13,821,931 12,946,159 13,752,560 12,519,074 Interest 2(b) 47,540 76,816 46,132 72,648 Other 2(b) 80,466 51,891 253,086 51,835 13,949,937 13,074,866 14,051,778 12,643,557 Expenses Employee benefits expense 5,157,694 4,924,483 5,106,861 4,928,619 Occupancy costs 2(c) 284,038 241,371 284,038 241,371 Legal and consulting 288,643 378,396 285,931 375,873 Audit fees 42,000 44,500 33,000 33,000 Depreciation and amortisation 2(c) 1,049,545 851,076 1,049,309 844,850 Research grant 228,442 237,379 228,442 237,379 Administration 1,488,307 1,037,413 1,466,802 1,121,354 Finance costs 2(c) 521,596 705,096 519,473 703,335 Bad and doubtful debts - - 77,365 - Equine Testing Fees 1,115,024 1,719,097 1,115,024 1,316,692 10,175,289 10,138,811 10,166,245 9,802,473 Surplus before income tax expense 3,774,648 2,936,055 3,885,533 2,841,084 Income tax 1(b) - - - - Surplus after income tax expense for the year 3,774,648 2,936,055 3,885,533 2,841,084 Other comprehensive income for the year, net of tax - - - - Total comprehensive income for the year 3,774,648 2,936,055 3,885,533 2,841,084 Statement of Profit or Loss and Other Comprehensive Income For the year ended 30 June 2017 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 2017