Racing Australia Annual Report 2018

58 | RACING AUSTRALIA ANNUAL REPORT 2018 Consolidated Entity Parent Entity Note 2018 $ 2017 $ 2018 $ 2017 $ Issued and Share Capital Issued Capital 10,103,051 10,103,051 10,103,051 10,103,051 Share Capital - - - 2 Closing balance 10,103,051 10,103,051 10,103,051 10,103,053 Accumulated Surplus Opening balance 14,459,636 10,684,988 14,434,386 10,548,853 Surplus 4,360,016 3,774,648 4,446,646 3,885,533 Closing balance 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 The accompanying notes form part of these financial statements. STATEMENT OF CHANGES OF EQUITY FOR THE YEAR ENDED 30 JUNE 2018