Racing Australia Annual Report 2017

68 | Racing Australia Annual Report 2017 CONSOLIDATED ENTITY PARENT ENTITY 2017 $ 2016 $ 2017 $ 2016 $ 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 12,411 28,845 12,411 - 12,411 28,845 12,411 - NOTE 6: PROPERTY, PLANT AND EQUIPMENT Plant and equipment At cost 1,644,883 1,592,774 1,591,658 1,475,483 Less accumulated depreciation (1,312,520) (1,141,637) (1,259,606) (1,078,215) 332,363 451,137 332,052 397,268 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 $ Transfers in $ Depreciation expense $ Carrying amount at the end of year $ Consolidated 2017 Plant and equipment 451,137 52,109 - (170,883) 332,363 Parent 2017 Plant and equipment 397,268 52,109 53,322 (170,647) 332,052 Racing Australia Limited | ACN 105 994 330 and Controlled Entities | Annual Report for the Financial Year Ended 30 June 2017 Notes to and Forming Part of the Financial Statements continued For the year ended 30 June 2017