b"EQUESTRIAN AUSTRALIA LIMITED ABN 19 077 455 755NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 20191.STATEMENT OF SIGNIFICANT ACCOUNTING POLICIESThefinancialstatementscoverEquestrianAustraliaLimitedasanindividualcompany, incorporated and domiciled in Australia. Equestrian Australia Limited is a company limited by guarantee.The financial report was approved by the directors as at the date of the directors' report.New or amended Accounting Standards and Interpretations adopted TheCompanyhasadoptedallofthenewandamendedAccountingStandardsand InterpretationsissuedbytheAustralianAccountingStandardsBoard('AASB')thatare mandatory for the current reporting period.Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted.The following Accounting Standards and Interpretations are most relevant to the Company: AASB 9: Financial Instruments ThecompanyhasadoptedAASB9from1July2018.Thestandardintroducednew classification and measurement models for financial assets. A financial asset shall be measured at amortised cost if it is held within a business model whose objective is to hold assets in order to collect contractual cash flows which arise on specified dates and that are solely principal and interest. A debt investment shall be measured at fair value through other comprehensive income if it is held within a business model whose objective is to both hold assets in order to collect contractual cash flows which arise on specified dates that are solely principal and interest as well as selling the asset on the basis of its fair value. All other financial assets are classified and measured at fair value through profit or loss unless the company makes an irrevocable election on initial recognition to present gainsandlossesonequityinstruments(thatarenotheld-for-tradingorcontingent consideration recognised in a business combination) in other comprehensive income ('OCI'). Despite these requirements, a financial asset may be irrevocably designated as measured at fair value through profit or loss to reduce the effect of, or eliminate, an accounting mismatch.For financial liabilities designated at fair value through profit or loss, the standard requires the portion of the change in fair value that relates to the company's own credit risk to be presented in OCI (unless it would create an accounting mismatch). New simpler hedge accounting requirementsareintendedtomorecloselyaligntheaccountingtreatmentwiththerisk management activities of the company. New impairment requirements use an 'expected credit loss' ('ECL') model to recognise an allowance. Impairment is measured using a 12-month ECL method unless the credit risk on a financial instrument has increased significantly since initial \x03\x0353"