Racing Australia Annual Report 2019

54 | RACING AUSTRALIA ANNUAL REPORT 2019 Consolidated Entity Parent Entity 2019 $ 2018 $ 2019 $ 2018 $ Note 8: Payables Current Trade payables 301,458 132,660 301,458 132,660 Other payables 2,628,574 3,476,943 2,618,945 3,467,206 2,930,032 3,609,603 2,920,403 3,599,866 Note 9: Employee benefits Current Employee Benefits 1,143,222 1,009,527 1,143,222 1,009,527 Non–Current Employee Benefits 110,667 74,384 110,667 74,384 Note 10: Loan CBA Current Loan CBA – Secured - 2,500,000 - 2,500,000 Non–Current Loan CBA – Secured - 1,392,512 - 1,392,512 On 17 September 2014, Racing Australia Limited (RA), purchased the Australian Stud Book (ABN 64 358 205 057) (ASB) and all of the share capital of Australian Genetics Testing Pty Ltd (ABN 83 138 140 762) (AGT) for a purchase consideration of $18,000,000. The purchase was completed based on a bank loan to a maximum value of $16,000,000. The bank loan with the Commonwealth Bank of Australia has been fully repaid. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019