Racing Australia Annual Report 2018

66 | RACING AUSTRALIA ANNUAL REPORT 2018 Consolidated Entity Parent Entity 2018 $ 2017 $ 2018 $ 2017 $ Note 5: Inventories Microchip supplies 6,660 12,411 6,660 12,411 EGRC Consumables 65,876 - 65,876 - Jockey Helmets 1,500,000 - 1,500,000 - 1,572,536 12,411 1,572,536 12,411 Note 6: Property, plant and equipment Plant and equipment At cost 1,854,298 1,644,883 1,801,073 1,591,658 Less accumulated depreciation (1,412,490) (1,312,520) (1,359,340) (1,259,606) 441,808 332,363 441,733 332,052 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: Consolidated 2018 Balance at the beginning of year $ Additions at cost $ Transfers In $ Depreciation expense $ Carrying amount at the end of year $ Plant and equipment 332,363 209,415 - (99,970) 441,808 Parent 2018 Balance at the beginning of year $ Additions at cost $ Transfers In $ Depreciation expense $ Carrying amount at the end of year $ Plant and equipment 332,052 209,415 - (99,734) 441,733 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018