Racing Australia Annual Report 2015
| 75
Consolidated entity
Parent entity
2015
$
2014
$
2015
$
2014
$
NOTE 15: NOTES TO THE CASH FLOW
STATEMENT
(a) Reconciliation of cash and cash equivalents
Cash and cash equivalents at the end of the
year are reconciled to the related items in the
balance sheet as follows:
Cash and cash equivalents
6,019,565 5,836,037
5,828,159 5,750,822
(b) Reconciliation of surplus after income tax for
the year to net cash from operating activities
Surplus after income tax expense for the year
2,740,334
2,603,031
2,698,232 2,669,388
Depreciation
204,050
157,350
199,056
157,114
Amortisation
527,488
332,168
527,488
332,168
Loan forgiven
-
-
132,449
-
(Increase)/Decrease in receivables
(469,759)
35,628
(11,407)
(37,440)
Decrease in loans receivable
17,795
-
17,795
-
Increase in payables
1,485,306
152,669
839,883
157,690
Increase/(Decrease) in employee benefits
349,805
(125,626)
349,805
(125,626)
Increase in income in advance
618,721
-
618,721
-
Increase in stock on hand
(7,794)
-
-
-
Cash flows provided by operations
5,465,946
3,155,220 5,372,022
3,153,294
Racing Australia Pty Ltd
| ACN 105 994 330 and Controlled Entities | Annual Report for the Financial Year Ended 30 June 2015
