Racing Australia Annual Report 2020

40 | RACING AUSTRALIA ANNUAL REPORT 2020 Consolidated Entity Parent Entity Note 2020 $ 2019 $ 2020 $ 2019 $ Assets Current assets Cash and cash equivalents 13 5,911,599 3,483,714 5,911,318 3,457,374 Trade and other receivables 3 2,474,092 2,009,083 2,526,129 2,181,600 Inventories 5 1,665,306 1,618,496 1,665,306 1,618,496 Total current assets 10,050,997 7,111,293 10,102,753 7,257,470 Non-current assets Goodwill 4 6,742,001 6,742,001 6,742,001 6,742,001 Property, plant and equipment 6 833,217 609,980 833,217 609,980 Intangible assets 7 23,082,656 22,932,713 23,082,656 22,932,713 Right of Use Assets 14 814,002 - 814,002 - Total non-current assets 31,471,876 30,284,694 31,471,876 30,284,694 Total assets 41,522,873 37,395,987 41,574,629 37,542,164 Liabilities Current liabilities Trade and other payables 8 2,888,503 2,930,032 2,870,382 2,920,403 Provisions 9 1,240,288 1,143,222 1,240,288 1,143,222 Lease Liability 10 187,517 - 187,517 - Total current liabilities 4,316,308 4,073,254 4,298,187 4,063,625 Non-current liabilities Provisions 9 129,713 110,667 129,713 110,667 Lease Liability 10 721,987 - 721,987 - Total non-current liabilities 851,700 110,667 851,700 110,667 Total liabilities 5,168,008 4,183,921 5,149,887 4,174,292 Net assets 36,354,865 33,212,066 36,424,742 33,367,872 Equity Issued capital 11 10,103,051 10,103,051 10,103,051 10,103,051 Accumulated surplus 26,251,814 23,109,015 26,321,691 23,264,821 Total equity 36,354,865 33,212,066 36,424,742 33,367,872 The accompanying notes form part of these financial statements. STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2020