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2017 ITF Annual Report and Financial Statements

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23 17. EXECUTIVE OFFICERS' REMUNERATION Included in the salary costs of the departments is the remunera on of the Execu ve Officers, which for the purposes of these financial statements, is defined as the President, the Chief Opera ng Officer and the Execu ve Directors. The total Execu ve Officers' remunera on is: Execu ve Officers' remunera on Pension contribu ons in respect of Execu ve Officers 18. PENSIONS ITF Licensing (UK) Ltd has established a pension provision within the UK for its employees. Since 1997, contribu ons paid by the ITF towards the pension fund of an individual have been held in a fund specific to each individual, under a group personal pension scheme. Employees are not required to make any contribu ons to this fund, which provides benefits related to the value of the fund accumulated for each employee at the me of re rement. In 2017 there were no contribu ons outstanding at the balance sheet date (2016: nil). 19. AUDITORS' REMUNERATION Amounts receivable by auditor and their associates in respect of: Audit of these financial statements Other services rela ng to taxa on 20. INVESTMENT INCOME Income from investments Realised gain on disposal of investments Unrealised (loss) / gain on investments 21. FINANCE INCOME Bank interest received Financial income / (loss) on Olympic deposits 2017 $000 2,798 218 3,016 2017 $000 51 9 60 2017 $000 579 4,694 (262) 5,011 2017 $000 27 305 332 2016 $000 3,150 233 3,383 2016 $000 45 8 53 2016 $000 599 571 1,587 2,757 2016 $000 3 (513) (510) NOTES (forming part of the financial statements)

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