Racing Australia Annual Report 2018

RACING AUSTRALIA ANNUAL REPORT 2018 | 57 Consolidated Entity Parent Entity Note 2018 $ 2017 $ 2018 $ 2017 $ Assets Current assets Cash and cash equivalents 14 5,412,568 7,055,087 5,412,249 6,885,726 Trade and other receivables 3 2,268,277 1,427,074 2,320,314 1,623,948 Inventories 5 1,572,536 12,411 1,572,536 12,411 Total current assets 9,253,381 8,494,572 9,305,099 8,522,085 Non-current assets Goodwill 4 6,742,001 6,742,001 6,742,001 6,742,001 Financial assets 12 - - - 2 Property, plant and equipment 6 441,808 332,363 441,733 332,052 Intangible assets 7 21,071,539 20,485,717 21,071,539 20,485,717 Total non-current assets 28,255,348 27,560,081 28,255,273 27,559,772 Total assets 37,508,729 36,054,653 37,560,372 36,081,857 Liabilities Current liabilities Trade and other payables 8 3,609,603 2,764,120 3,599,866 2,816,572 Provisions 9 1,009,527 920,123 1,009,527 920,123 Borrowings 10 2,500,000 2,500,000 2,500,000 2,500,000 Total current liabilities 7,119,130 6,184,243 7,109,393 6,236,695 Non-current liabilities Provisions 9 74,384 40,211 74,384 40,211 Borrowings 10 1,392,512 5,267,512 1,392,512 5,267,512 Total non-current liabilities 1,466,896 5,307,723 1,466,896 5,307,723 Total liabilities 8,586,026 11,491,966 8,576,289 11,544,418 Net assets 28,922,703 24,562,687 28,984,083 24,537,439 Equity Issued capital 11 10,103,051 10,103,051 10,103,051 10,103,051 Share capital 12 - - - 2 Accumulated surplus 18,819,652 14,459,636 18,881,032 14,434,386 Total equity 28,922,703 24,562,687 28,984,083 24,537,439 STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2018 The accompanying notes form part of these financial statements.