Racing Australia Annual Report 2020

48 | RACING AUSTRALIA ANNUAL REPORT 2020 Consolidated Entity Parent Entity 2020 $ 2019 $ 2020 $ 2019 $ Note 2: Revenue and expenses Continuing operations (a) Rendering of Services Commercial Services 5,075,988 5,326,318 5,063,462 5,299,707 Trainers & Racing Service Centre 1,585,680 1,345,185 1,585,680 1,345,185 Registrar of Racehorses 2,030,554 1,923,247 2,030,554 1,923,247 Australian Stud Book 5,132,114 5,599,213 5,132,114 5,599,213 Single National System 935,784 894,488 935,784 894,488 14,760,120 15,088,451 14,747,594 15,061,840 (b) Other revenue Other income 706,158 657,927 706,158 657,927 Interest income 4,973 20,130 4,855 19,842 Total revenue 15,471,251 15,766,508 15,458,607 15,739,609 (c) Surplus before income tax has been determined after: Depreciation of plant and equipment 186,749 146,169 186,749 146,094 Amortisation of computer software and databases 1,656,784 1,377,304 1,656,784 1,377,304 Amortisation of right of use assets 184,632 - 184,632 - Total depreciation and amortisation 2,028,165 1,523,473 2,028,165 1,523,398 Interest – other entities 138,506 196,909 137,607 193,939 Superannuation expense 651,385 722,590 651,385 708,416 Note 3: Trade and other receivables Current Trade receivables 1,979,775 1,469,983 1,979,775 1,469,983 Less provision for impairment on receivables - - - - Other receivables 494,317 539,100 546,354 711,617 2,474,092 2,009,083 2,526,129 2,181,600 Note 4: Goodwill Non - Current Goodwill – RoR 1,710,801 1,710,801 1,710,801 1,710,801 Goodwill – RSB 5,031,200 5,031,200 5,031,200 5,031,200 6,742,001 6,742,001 6,742,001 6,742,001 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020