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2018 ITF Trust Annual Report and Financial Statements

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23. intangible assets Cost Balance at 1 January 2018 Addi ons Balance at 31 December 2018 Amor sa on Balance at 1 January 2018 Charge for the period Balance at 31 December 2018 Net book value at 31 December 2017 at 31 December 2018 So ware under construc on consists of capitalised development costs being an internally generated intangible asset. Specifically this relates to the development of an online coaching academy which will offer cer fied tennis coaching courses. Amor sa on will be charged when the asset is substan ally ready for use. Other internally generated so ware relates to the investment in the ITF's IPIN system and website development costs as well as other so ware development including capitalised IT staff costs. Internally generated so ware (under construc on) $000 Total $000 - 144 144 - - - - 144 - 1,879 1,879 - 246 246 - 1,633 Internally generated so ware $000 - 1,735 1,735 - 246 246 - 1,489 Notes (Forming part of the financial statements) ITF ANNUAL REPORT AND FINANCIAL STATEMENTS / 26

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