b'EQUESTRIAN AUSTRALIA LIMITED ABN 19 077 455 755NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 20196. EXPENSE20192018 $$ Cost of Equestrian Goods36,97930,923Amortisation and impairment loss32,20834,322Depreciation38,80648,747Making Eventing Safer Expense62,46090,713Provision for doubtful debts/Bad Debts3,348-Employee benefits1,448,8821,520,375Audit Fees 12,50025,2501,635,1831,750,3307. KEY MANAGEMENT PERSONNEL COMPENSATIONAny person(s) having authority and responsibility for planning, directing and controlling the activities of the company, directly or indirectly, including any director (whether executive or otherwise) is considered key management personnel.Four key management positions are included. No remuneration was paid to the Directors.Key management personnel compensation 445,644 557,723>$150,000>$150,000 12 <$150,000<$150,000 33 20192018 $$ 8. CASH AND CASH EQUIVALENTS Cash at bank - General Account1,621,791 1,376,827Cash Reserve Account - Making Eventing Safer Fund 103,261 166,5501,725,052 1,543,377 \x03\x0367'