57 #LoveOfTheHorse AnnuAl RePORT 2017 – 2018 23 EQUESTRIAN AUSTRALIA LIMITED ABN 19 077 455 755 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018 7. KEY MANAGEMENT PERSONNEL COMPENSATION Any 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. 6 EXPENSE 2018 2017 $ $ Cost of Equestrian Goods 30,923 49,975 Amortisation and impairment loss 34,322 34,280 Depreciation 48,747 59,005 Making Eventing Safer Expense 90,713 6,960 Provision for doubtful debts - - Employee benefits 1,520,375 1,746,060 Audit Fees 25,250 24,444 1,750,330 1,920,725 Key management personnel compensation 557,723 521,519 >149,999 >149,999 2 1