Racing Australia Annual Report 2017

Racing Australia Annual Report 2017 | 71 CONSOLIDATED ENTITY PARENT ENTITY 2017 $ 2016 $ 2017 $ 2016 $ NOTE 11: ISSUED CAPITAL Fully paid ordinary shares 10,103,051 10,103,051 10,103,051 10,103,051 Fully paid ordinary shares Racing NSW 3,536,068 3,536,068 3,536,068 3,536,068 Racing Victoria Limited 3,536,068 3,536,068 3,536,068 3,536,068 Racing Queensland 1,818,548 1,818,548 1,818,548 1,818,548 Racing and Wagering Western Australia 454,637 454,637 454,637 454,637 Thoroughbred Racing SA Limited 454,637 454,637 454,637 454,637 Thoroughbred Racing NT Incorporated 101,031 101,031 101,031 101,031 Tasracing Pty Ltd 101,031 101,031 101,031 101,031 Canberra Racing Club Incorporated 101,031 101,031 101,031 101,031 10,103,051 10,103,051 10,103,051 10,103,051 The Company was incorporated on 20 August 2003. An issue of 200 ordinary shares has been made. The Company's name at the date of incorporation was Racing Information Services Australia Pty Ltd. The Company was renamed Racing Australia Pty Ltd on 14 April 2015. On 18 September 2015 Racing Australia Pty Ltd converted to Racing Australia Limited. The Company is an unlisted company limited by shares. Fully paid ordinary shares carry voting rights but no rights to dividends. NOTE 12: SHARE CAPITAL Investment in AGT - - 2 2 The Company invested in Australian Genetics Testing Pty Ltd on 17 September 2014 as part of the Australian Stud Book asset purchase. On purchase of the Australian Stud Book, Racing Australia also purchased 2 fully paid ordinary shares in Australian Genetics Testing Pty Ltd. NOTE 13: INVESTMENT Investment in Australian Genetics Testing Pty Ltd is recognised and derecognised on trade date where the purchase or sale of an investment is under a contract whose terms require delivery of the investment within the timeframe established by the market concerned, and are initially measured at fair value, net of transaction costs except for those financial assets classified as at fair value through profit or loss which are initially measured at fair value. NOTE 14: KEY MANAGEMENT PERSONNEL COMPENSATION The totals of remuneration paid to KMP of the company during the year are as follows: KMP Compensation 1,150,981 1,071,597 1,150,981 1,071,597 1,150,981 1,071,597 1,150,981 1,071,597 Racing Australia Limited | ACN 105 994 330 and Controlled Entities | Annual Report for the Financial Year Ended 30 June 2017