Racing Australia Annual Report 2017

Racing Australia Annual Report 2017 | 57 Statement of Financial Position As at 30 June 2017 NOTE CONSOLIDATED ENTITY PARENT ENTITY 2017 $ 2016 $ 2017 $ 2016 $ Current assets Cash and cash equivalents 15 7,055,087 5,832,597 6,885,726 5,500,915 Trade and other receivables 3 1,427,074 1,428,359 1,623,948 1,483,957 Inventories 5 12,411 28,845 12,411 - Total current assets 8,494,572 7,289,801 8,522,085 6,984,872 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 6 332,363 451,137 332,052 397,268 Intangible assets 7 20,485,717 20,044,483 20,485,717 20,044,483 Total non-current assets 27,560,081 27,237,621 27,559,772 27,183,754 Total assets 36,054,653 34,527,422 36,081,857 34,168,626 Current liabilities Trade and other payables 8 2,764,120 2,608,186 2,816,572 2,385,523 Provisions 9 920,123 853,294 920,123 853,294 Borrowings 10 2,500,000 2,500,000 2,500,000 2,500,000 Total current liabilities 6,184,243 5,961,480 6,236,695 5,738,817 Non-current liabilities Provisions 9 40,211 10,391 40,211 10,391 Borrowings 10 5,267,512 7,767,512 5,267,512 7,767,512 Total non-current liabilities 5,307,723 7,777,903 5,307,723 7,777,903 Total liabilities 11,491,966 13,739,383 11,544,418 13,516,720 Net assets 24,562,687 20,788,039 24,537,439 20,651,906 Equity Issued capital 11 10,103,051 10,103,051 10,103,051 10,103,051 Share capital 12 - - 2 2 Accumulated surplus 14,459,636 10,684,988 14,434,386 10,548,853 Total equity 24,562,687 20,788,039 24,537,439 20,651,906 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