Racing Australia Annual Report 2018

70 | RACING AUSTRALIA ANNUAL REPORT 2018 Consolidated Entity Parent Entity 2018 $ 2017 $ 2018 $ 2017 $ Note 12: Share capital Investment in AGT - - - 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. Australian Genetics Testing Pty Ltd was deregistered with Australian Securities and Investment Commission on 12 February 2018. Consolidated Entity Parent Entity 2018 $ 2017 $ 2018 $ 2017 $ Note 13: Key management personnel compensation The totals of remuneration paid to KMP of the company during the year are as follows: KMP Compensation 1,471,821 1,150,981 1,471,821 1,150,981 1,471,821 1,150,981 1,471,821 1,150,981 Note 14: Cash and cash equivalents Cash at Bank and on Hand 5,412,568 7,055,087 5,412,249 6,885,726 5,412,568 7,055,087 5,412,249 6,885,726 Note 15: Events after the reporting period There has not been any other matter or circumstance, other than that referred to in the financial statements or notes thereto, that has arisen since the end of the financial year, that has significantly affected, or may significantly affect, the operations of the company, the results of those operations, or the state of affairs of the company in future financial years. Note 16: Contingent liabilities The Consolidated Entity had no contingent liabilities as at 30 June 2018. Note 17: Controlled entities Subsidiary: Thoroughbred Trainers Service Centre Limited Country of incorporation: Australia Percentage owned: 100% (2017 – 100%) Related party: Australian Racing Board Limited Country of incorporation: Australia Note 18: Company details The registered office of the company is: Racing Australia Limited Level 1 Racing Centre 400 Epsom Road Flemington VIC 3031 The principal place of business is: Racing Australia Limited Level 1 Racing Centre 400 Epsom Road Flemington VIC 3031 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018