ITF

ITF Trust Annual Report and Financial Statements 2021 27 17. Execu ve officers' remunera on Included in the salary costs of the departments is the remunera on of the execu ve officers, which for the purposes of these financial statements, is defined as the President, directors of the group, the Chief Execu ve Officer and the execu ve directors, who are considered to be 'key management'. The total execu ve officers' remunera on is: 18. Pensions ITF Licensing (UK) Ltd has established a pension provision within the UK for its employees. Since 1997, contribu ons paid by the ITF towards the pension fund of an individual have been held in a fund specific to each individual, under a group personal pension scheme. Employees are not required to make any contribu ons to this fund, which provides benefits related to the value of the fund accumulated for each employee at the me of re rement. In 2021, $93,000 of contribu ons were outstanding at the balance sheet date (2020: $122,000). 19. Auditors' remunera on Amounts receivable by auditor and their associates in respect of: 2021 $000 2020 $000 Execu ve officers' remunera on 2,901 2,420 Pension contribu ons in respect of execu ve officers 264 193 3,165 2,613 2021 $000 2020 $000 Audit of these financial statements 47 20 Audit of subsidiary financial statements 54 51 Other services rela ng to taxa on 45 43 146 114 20. Investment income 2021 $000 2020 $000 Income from investments 2 6 Realised gain on disposal of investments 3,288 1,953 Unrealised gain on investments 864 2,320 4,154 4,279 21. Finance income Recognised in profit or loss 2021 $000 2020 $000 Finance income Bank interest received - 22 Financial (charge) / income on Olympic deposits (1) 23 (1) 45

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