THE 2016 Annual Report of Harness Racing NSW released this week demonstrated increases in key areas of prizemoney, incentives and income whilst also recording a reduction in expenditure.
Prizemoney increased to a record high of $32,904,560 and was complimented by breeding incentives of $2,368,274.
Total income was $53,095,220 whilst industry expenditure reduced by $806,774.
Investment income returned $1,359,913 to the industry, however, $7,074,205 was expended on new infrastructure around the state.
The waiving by the Baird/Grant Government of the unjust GHRRA Loan ($918,572) was a welcome relief to the industry.
Key initiatives undertaken by HRNSW throughout the year were:
Two-Year-Old Review;
Tax Parity Strategy;
Harnessing Our Future Conference;
Menangle Park Training Centre opening;
Integrity Strategies.
The 2016 HRNSW Annual Report can be viewed at www.harnessmediacentre.com.au/hrnsw/document-library/annual-reports
Approved By Dean Baring www.harnessbred.com
Driving The Future Of Harness Racing
