b'NOTES TO THE FINANCIAL STATEMENTS >for the year ended 30 June 2019NOTE 7. INCOME TAX EXPENSECONTINUEDCertain amendments to the Law of Investment (LOI) andThese amendments are not applicable to DNA Star Vegas Law of Taxation (LOT) were promulgated in March 2003.as they will be regulated by the Casino Law which is yetUnder the amendments made to the LOT, distribution ofto be enacted.dividends to non-residents will be subject to a withholding(b)The parent entity has not brought to account tax losses tax on the distribution of net of 20% corporate tax, at awith a tax effect of AUD1,141,339 (2018: AUD1,323,933).rate of 14%, resulting in a net distribution tax of 31.2%. NOTE 8. CURRENT ASSETSCASH AND CASH EQUIVALENTS CONSOLIDATED2019 2018$ $ Cash on hand20,308,499 28,360,270 Cash at bank5,695,441 16,130,913 Cash in transit961,482 840,465 Short-term deposit412,486 1,743,94127,377,908 47,075,589 NOTE 9. CURRENT ASSETSTRADE AND OTHER RECEIVABLES CONSOLIDATED2019 2018$ $ Trade receivables1,788,448 2,389,633 Other receivables974,210 8,132,629 Interest receivable on bank deposits89 683 Tax-related receivables14,699 22,0852,777,446 10,545,030 IMPAIRMENT OF RECEIVABLESThe consolidated entity has recognised a loss of AUD9,765,483 in respect of impairment of receivables for the year ended30 June 2019 (2018: nil).NOTE 10. CURRENT ASSETSINVENTORIES CONSOLIDATED2019 2018$ $ Food and beverageat cost1,149,324 1,397,344 58 DONACO INTERNATIONAL LIMITED 2019 ANNUAL REPORT'