ITF

CONSOLIDATED INCOME STATEMENT for the year ended 31 December 2020 Note(s) 2020 2020 2020 2020 2019 2019 2019 2019 $000 $000 $000 $000 $000 $000 $000 $000 Operating Strategic Investing Total Operating Strategic Investing Total Income Subscriptions and authorisation fees 3,034 - - 3,034 3,210 - - 3,210 Sponsorship, competition and television 7 21,149 - - 21,149 56,844 - - 56,844 Data sales 6,300 - - 6,300 12,600 - - 12,600 Grand Slam Development Fund 740 - - 740 2,738 - - 2,738 Wheelchair Tennis Development Fund 7 - - 7 63 - - 63 Olympics - - - - 5,774 - - 5,774 Olympic Solidarity 236 - - 236 394 - - 394 Other development income 261 - - 261 1,030 - - 1,030 Anti-doping 2,639 - - 2,639 4,617 - - 4,617 Technical and sundry 1,228 - - 1,228 1,447 - - 1,447 Total income 8 35,594 - - 35,594 88,717 - - 88,717 Expenses Professional Tennis 9 20,910 - - 20,910 50,053 728 - 50,781 Tennis Development 10 6,026 1,231 - 7,257 13,127 1,437 - 14,564 Commercial 11 1,509 286 - 1,795 3,177 327 - 3,504 Presidential and Communications 12 4,867 37 - 4,904 6,290 75 - 6,365 Integrity, Science and Technical 13 4,768 - - 4,768 7,392 - - 7,392 Finance and Administration 14 4,883 - 175 5,058 5,186 534 204 5,924 Foreign exchange gain 15 (95) - - (95) (630) - - (630) Amortisation 23 812 891 - 1,703 334 614 - 948 Depreciation 24, 26 1,063 91 - 1,154 1,490 123 - 1,613 Total expenses 44,743 2,536 175 47,454 86,419 3,838 204 90,461 Investment income 20 - - 4,279 4,279 - - 8,044 8,044 (Deficit) / surplus before financing (9,149) (2,536) 4,104 (7,581) 2,298 (3,838) 7,840 6,300 Finance income 21 22 - 23 45 150 - 232 382 Finance costs (18) - - (18) (65) - - (65) Net finance income 4 - 23 27 85 - 232 317 (Deficit) / surplus before tax (9,145) (2,536) 4,127 (7,554) 2,383 (3,838) 8,072 6,617 Taxation 22 (38) 664 - 626 (724) - - (724) (Deficit) / surplus after tax (9,183) (1,872) 4,127 (6,928) 1,659 (3,838) 8,072 5,893 The notes on pages 14 to 33 are an integral part of these consolidated financial statements. 10

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