Racing Australia Annual Report 2019

RACING AUSTRALIA ANNUAL REPORT 2019 | 43 Consolidated Entity Parent Entity Note 2019 $ 2018 $ 2019 $ 2018 $ Assets Current assets Cash and cash equivalents 13 3,483,714 5,412,568 3,457,374 5,412,249 Trade and other receivables 3 2,009,083 2,268,277 2,181,600 2,320,314 Inventories 5 1,618,496 1,572,536 1,618,496 1,572,536 Total current assets 7,111,293 9,253,381 7,257,470 9,305,099 Non-current assets Goodwill 4 6,742,001 6,742,001 6,742,001 6,742,001 Property, plant and equipment 6 609,980 441,808 609,980 441,733 Intangible assets 7 22,932,713 21,071,539 22,932,713 21,071,539 Total non-current assets 30,284,694 28,255,348 30,284,694 28,255,273 Total assets 37,395,987 37,508,729 37,542,164 37,560,372 Liabilities Current liabilities Trade and other payables 8 2,930,032 3,609,603 2,920,403 3,599,866 Provisions 9 1,143,222 1,009,527 1,143,222 1,009,527 Borrowings 10 - 2,500,000 - 2,500,000 Total current liabilities 4,073,254 7,119,130 4,063,625 7,109,393 Non-current liabilities Provisions 9 110,667 74,384 110,667 74,384 Borrowings 10 - 1,392,512 - 1,392,512 Total non-current liabilities 110,667 1,466,896 110,667 1,466,896 Total liabilities 4,183,921 8,586,026 4,174,292 8,576,289 Net assets 33,212,066 28,922,703 33,367,872 28,984,083 Equity Issued capital 11 10,103,051 10,103,051 10,103,051 10,103,051 Accumulated surplus 23,109,015 18,819,652 23,264,821 18,881,032 Total equity 33,212,066 28,922,703 33,367,872 28,984,083 STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2019 The accompanying notes form part of these financial statements.