Racing Australia Annual Report 2020

RACING AUSTRALIA ANNUAL REPORT 2020 | 41 Consolidated Entity Parent Entity Note 2020 $ 2019 $ 2020 $ 2019 $ Issued and Share Capital Issued Capital 10,103,051 10,103,051 10,103,051 10,103,051 Closing balance 10,103,051 10,103,051 10,103,051 10,103,051 Accumulated Surplus Opening balance 23,109,015 18,819,652 23,264,821 18,881,032 Adjustment Relating to Impact of AASB16 Opening Balance Restated 1 (88,604) - (88,604) - Surplus 3,231,403 4,289,363 3,145,474 4,383,789 Closing balance 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 CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2020