NSW THOROUGHBRED RACING BOARD - Racing NSW
NSW THOROUGHBRED RACING BOARD - Racing NSW
NSW THOROUGHBRED RACING BOARD - Racing NSW
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Statement of Financial Position<br />
<strong>NSW</strong> <strong>THOROUGHBRED</strong> <strong>RACING</strong> <strong>BOARD</strong> ABN 86 281 604 417<br />
AS AT 30 June, 2003<br />
CURRENT ASSETS<br />
Note 2003 2002<br />
$ $<br />
Cash Assets 8 4,687,761 2,876,973<br />
Receivables 9 6,924,067 8,254,515<br />
Other 10 158,906 149,252<br />
TOTAL CURRENT ASSETS 11,770,734 11,280,740<br />
NON-CURRENT ASSETS<br />
Investment accounted for using the equity method 11 – –<br />
Other Financial Assets 12 10,690,179 10,891,891<br />
Investment in land and buildings 13 3,733,500 2,862,480<br />
Plant and Equipment 14 3,629,748 3,896,956<br />
TOTAL NON-CURRENT ASSETS 18,053,427 17,651,327<br />
TOTAL ASSETS 29,824,161 28,932,067<br />
CURRENT LIABILITIES<br />
Payables 15 6,269,893 8,987,089<br />
Breeders and Owners Bonus Scheme 16 1,885,215 –<br />
Interest Bearing Liabilities 17 – 952,501<br />
Provisions 18 6,505,339 7,263,507<br />
Other 19 1,473,900 670,765<br />
TOTAL CURRENT LIABILITIES 16,134,347 17,873,863<br />
NON-CURRENT LIABILITIES<br />
Provisions 18 16,254,763 15,983,339<br />
TOTAL NON-CURRENT LIABILITIES 16,254,763 15,983,339<br />
TOTAL LIABILITIES 32,389,110 33,857,202<br />
NET LIABILITIES (2,564,949) (4,925,135)<br />
EQUITY<br />
Accumulated Losses 20 (2,564,949) (4,925,133)<br />
TOTAL EQUITY (2,564,949) (4,925,133)<br />
The accompanying notes form part of these Financial Statements.<br />
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