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ITF Trust Annual Report and Financial Statements 2021 12 Note(s) 2021 $000 Opera ng 2021 $000 Strategic 2021 $000 Inves ng 2021 $000 Total 2020 $000 Opera ng 2020 $000 Strategic 2020 $000 Inves ng 2020 $000 Total Income Subscrip ons and authorisa on fees 3,374 – – 3,374 3,034 – – 3,034 Sponsorship, compe on and television 7 34,799 – – 34,799 21,149 – – 21,149 Data sales 11,363 – – 11,363 6,300 – – 6,300 Grand Slam Development Fund 1,124 – – 1,124 740 – – 740 Wheelchair Tennis Development Fund 1 – – 1 7 – – 7 Olympics 8,827 – – 8,827 – – – – Olympic Solidarity 226 – – 226 236 – – 236 Other development income 509 – – 509 261 – – 261 An -doping 4,732 – – 4,732 2,639 – – 2,639 Technical and sundry 1,619 – – 1,619 1,228 – – 1,228 Total income 8 66,574 – – 66,574 35,594 – – 35,594 Expenses Professional Tennis 9 45,470 – – 45,470 20,910 – – 20,910 Tennis Development 10 7,282 982 – 8,264 6,026 1,231 – 7,257 Commercial 11 2,323 – – 2,323 1,509 286 – 1,795 Presiden al and Communica ons 12 5,221 – – 5,221 4,867 37 – 4,904 Integrity, Science and Technical 13 7,075 – – 7,075 4,768 – – 4,768 Finance and Administra on 14 5,217 – 167 5,384 4,883 – 175 5,058 Foreign exchange loss / (gain) 15 125 – – 125 (95) – – (95) Amor sa on 23 1,197 727 – 1,924 812 891 – 1,703 Deprecia on 24, 26 899 – – 899 1,063 91 – 1,154 Total expenses 74,809 1,709 167 76,685 44,743 2,536 175 47,454 Investment income 20 – – 4,154 4,154 – – 4,279 4,279 (Deficit) / surplus before financing (8,235) (1,709) 3,987 (5,957) (9,149) (2,536) 4,104 (7,581) Finance income 21 – – (1) (1) 22 – 23 45 Finance costs (25) – – (25) (18) – – (18) Net finance (expense) / income (25) – (1) (26) 4 – 23 27 (Deficit) / surplus before tax (8,260) (1,709) 3,986 (5,983) (9,145) (2,536) 4,127 (7,554) Taxa on 22 – 440 – 440 (38) 664 – 626 (Deficit) / surplus a er tax (8,260) (1,269) 3,986 (5,543) (9,183) (1,872) 4,127 (6,928) The notes on pages 17 to 40 are an integral part of these consolidated financial statements. for the year ended 31 December 2021 Consolidated Income Statement