ITF

NOTES CONTINUED 9. Tennis Development Development (including Olympic Solidarity) 2012 2011 $000$000 2,9322,340 Development Assistance Grants 119170 Grand Slam Development Fund 1,6261,848 4,677 Wheelchair Tennis Development Fund Other Tennis Development costs 4,358 8140 3,383 3,315 8,1417,713 Other Tennis Development department costs include Juniors, Seniors, Wheelchair and iCoach. Expenditure on Development projects in receipt of Olympic Solidarity funding is shown here gross for the first time in 2012. Included within the Development Assistance Grants in 2011 was $50,000 of assistance to National Associations affected by natural disasters during that year. 10.Commercial Included in the Commercial department costs are Television, Sponsorship Sales, Merchandising and other Sponsorship costs. 11. Presidential & Communications Included in the Presidential & Communications department costs are the Annual General Meeting, Board of Directors, Regional Grants, World Champions Dinner, Marketing the Game, Constitution and Communications. 12.Science & Technical Included in the Science & Technical department costs are Anti-Doping, Technical, Foundation and Sport Science & Medicine Commission costs. 13.Finance & Administration Included in the Finance & Administration department are the costs of Information & Communications Technology, Insurance, Legal and Professional fees, Premises, General Administration and movements in the provision for doubtful debts. 14.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 operations or for investment purposes or foreign exchange expense realised on transactions completed during the year. Further details on the ITF's capital management policy are disclosed in note 32(f). 52 ITF FINANCIAL STATEMENTS

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