Racing Australia Annual Report 2019

36 | RACING AUSTRALIA ANNUAL REPORT 2019 Racing Australia Limited and Controlled Entities | ACN 105 994 330 Annual Report for the Financial Year Ended 30 June 2019 37 Directors' Report 41 Auditor’s Independence Declaration 42 Statement of Profit or Loss and Other Comprehensive Income 43 Statement of Financial Position 44 Statement of Changes in Equity 45 Statement of Cash Flows 46 Notes to the Financial Statements 57 Directors’ Declaration 58 Independent Auditor’s Report Photo: Courtesy of Greg Irvine. FINANCIAL STATEMENTS