ITF

CONSOLIDATED INCOME STATEMENT for the year ended 31 December 2019 Note 2019 2019 2019 2019 2018 2018 2018 2018 $000 $000 $000 $000 $000 $000 $000 $000 Operating Strategic Investing Total Operating Strategic Investing Total Income Subscriptions and authorisation fees 3,210 - - 3,210 3,220 - - 3,220 Sponsorship, competition and television 7 56,844 - - 56,844 41,136 - - 41,136 Data sales 12,600 - - 12,600 12,658 - - 12,658 Grand Slam Development Fund 2,738 - - 2,738 2,622 - - 2,622 Wheelchair Tennis Development Fund 63 - - 63 96 - - 96 Olympics 5,774 - - 5,774 5,954 - - 5,954 Olympic Solidarity 394 - - 394 398 - - 398 Other development income 1,030 - - 1,030 983 - - 983 Anti-doping 4,617 - - 4,617 4,286 - - 4,286 Technical and sundry 1,447 - - 1,447 1,482 - - 1,482 Total income 8 88,717 - - 88,717 72,835 - - 72,835 Expenses Professional Tennis 9 50,053 728 - 50,781 37,091 1,912 - 39,003 Tennis Development 10 13,127 1,437 - 14,564 11,619 88 - 11,707 Commercial 11 3,177 327 - 3,504 6,138 443 - 6,581 Presidential and Communications 12 6,290 75 - 6,365 5,246 746 - 5,992 Integrity, Science and Technical 13 7,392 - - 7,392 6,317 201 - 6,518 Finance and Administration 14 5,186 534 204 5,924 4,916 69 290 5,275 Foreign exchange (gain) / loss 15 (630) - - (630) 228 - - 228 Amortisation 23 334 614 - 948 82 164 - 246 Depreciation 24, 26 1,490 123 - 1,613 989 116 - 1,105 Total expenses 86,419 3,838 204 90,461 72,626 3,739 290 76,655 Investment income / (loss) 20 - - 8,044 8,044 - - (1,799) (1,799) Surplus / (deficit) before financing 2,298 (3,838) 7,840 6,300 209 (3,739) (2,089) (5,619) Finance income 21 150 - 232 382 - - 239 239 Finance costs 26 (65) - - (65) - - - - Net finance income 85 - 232 317 - - 239 239 Surplus / (deficit) before tax 2,383 (3,838) 8,072 6,617 209 (3,739) (1,850) (5,380) Taxation 22 (724) - - (724) (109) - - (109) Surplus / (deficit) after tax 1,659 (3,838) 8,072 5,893 100 (3,739) (1,850) (5,489) The notes on pages 14 to 33 are an integral part of these consolidated financial statements. 10

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