Issue link: http://itf.uberflip.com/i/1377961
NOTES (CONT.) (FORMING PART OF THE FINANCIAL STATEMENTS) 24. Property, plant and equipment Leasehold Computers Furniture Technical Total buildings and databases and equipment equipment $000 $000 $000 $000 $000 Cost Balance at 1 January 2019 1,921 10,168 621 624 13,334 Additions 24 220 52 35 331 Disposals - - (56) - (56) Foreign exchange movement - - - - - Balance at 31 December 2019 1,945 10,388 617 659 13,609 Balance at 1 January 2020 1,945 10,388 617 659 13,609 Additions - 140 9 2 151 Balance at 31 December 2020 1,945 10,528 626 661 13,760 Accumulated depreciation Balance at 1 January 2019 1,615 9,130 453 579 11,777 Charge for the year 88 698 63 41 890 Depreciation on disposals - - (56) - (56) Foreign exchange movement - - 1 - 1 Balance at 31 December 2019 1,703 9,828 461 620 12,612 Balance at 1 January 2020 1,703 9,828 461 620 12,612 Charge for the year 90 408 63 20 581 Balance at 31 December 2020 1,793 10,236 524 640 13,193 Net book value at 31 December 2018 306 1,038 168 45 1,557 at 31 December 2019 242 560 156 39 997 at 31 December 2020 152 292 102 21 567 25. Investment in subsidiaries The Trust has the following investment in subsidiaries: Country of Year-end Class of Ownership incorporation reporting date shares held ITF Limited (ITF Limited also operates a branch office in Basel, Switzerland) Bahamas 31 December Ordinary 100% ITF Licensing (UK) Ltd UK 31 December Ordinary 100% Roehampton Investments Ltd Bahamas 31 December Ordinary 100% Wholly owned subsidiary of ITF Licensing (UK) Ltd: Hopman Cup Pty Ltd Australia 31 March Ordinary 100% Investment in subsidiaries was the same for both 2019 and 2020. 25