ITF Trust Annual Report and Financial Statements 2021 14
Note(s) 2021
$000
2020
$000
Non-current assets
Intangible assets 23 2,767 3,375
Property, plant and equipment 24 311 567
Right-of-use assets 26 634 1,179
Security deposit - restricted cash 31 25,379 25,377
29,091 30,498
Current assets
Inventories 27 265 528
Trade and other receivables 28 15,840 10,991
Investments 29 65,365 49,658
Deriva ve financial instruments 30 - 2,068
Cash at bank and in hand 14,951 14,225
96,421 77,470
Total assets 125,512 107,968
Current liabili es
Trade and other payables 32 46,490 25,285
Lease liabili es 26 693 681
Olympic loan 42 - 3,000
Deriva ve financial instruments 33 163 -
Total current liabili es 47,346 28,966
Total assets less current liabili es 78,166 79,002
Non-current liabili es
Lease liabili es 26 79 779
Provisions 34 519 519
Deferred income (Olympics) 35 7,757 -
Security deposit 31 25,379 25,377
Total non-current liabili es 33,734 26,675
Net assets 44,432 52,327
Represented by
Total equity 44,432 52,327
The notes on pages 17 to 40 are an integral part of these consolidated financial statements.
The financial statements on pages 12 to 40 were approved by the Board of Directors on 22 March 2022 and signed on its behalf by:
David Haggerty René Stammbach
President Chairman, Finance and Audit Commi ee
at 31 December 2021
Consolidated Statement of Financial Position
