Issue link: http://itf.uberflip.com/i/1122517
Notes (Forming part of the financial statements) 12. PRESIDENTIAL AND COMMUNICATIONS Included in the Presiden al and Communica ons department costs are the Annual General Mee ng, Board of Directors' mee ngs, World Champions Dinner, Cons tu on and communica ons. Strategic Ini a ve costs include crea ng a digital photo archive and digi sing a significant volume of images currently stored in non-digital format. 13. integrity, science and technical Included in the Integrity, Science and Technical department costs are an -doping, technical, Founda on and Sport Science and Medicine Commission costs as well as regula on and governance costs. Strategic Ini a ve costs include the costs of a new gender equality ini a ve and the cost of compliance with GDPR legisla on. 14. FINANCE AND ADMINISTRATION Included in the Finance and Administra on department are the costs of informa on and communica ons technology, insurance, legal and professional fees, premises, general administra on and movements in the provision for doub ul debts. Also included within Finance and Administra on costs is the net impairment losses of Trade Receivables of $133,000 (2017 $63,000). See note 34(b) for details. Strategic ini a ve costs include annual so ware licences for the new IT strategy of migra ng the databases and certain components of the IPIN system onto the cloud. 15. foreign exchange expense Foreign exchange expense represents the fall in value of foreign currency reserves held by the ITF as either working capital to fund its opera ons or for investment purposes or foreign exchange expense realised on transac ons completed during the year. Further details on the ITF's capital management policy are disclosed in note 34(f). 16. staff numbers and costs The average number of persons employed by the group (including directors) during the year, analysed by category, was as follows: Professional Tennis Tennis Development Commercial Presiden al and Communica ons Integrity, Science and Technical Finance and Administra on Staff numbers in both years include an average of ten ITF Development Officers who work overseas with developing tennis na ons to ensure the ITFs development programmes are successfully implemented. 2018 2017 45 21 13 15 10 23 127 40 21 9 15 9 21 115 Number of Employees ITF ANNUAL REPORT AND FINANCIAL STATEMENTS / 22