ITF

ITF Trust Annual Report and Financial Statements 2021 30 Leasehold buildings $000 Computers & databases $000 Furniture & equipment $000 Technical equipment $000 Total $000 Cost Balance at 1 January 2020 1,945 10,388 617 659 13,609 Addi ons - 140 9 2 151 Balance at 31 December 2020 1,945 10,528 626 661 13,760 Balance at 1 January 2021 1,945 10,528 626 661 13,760 Addi ons - 74 3 1 78 Disposals (1,062) (6,053) (320) (440) (7,875) Balance at 31 December 2021 883 4,549 309 222 5,963 Accumulated deprecia on 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 Balance at 1 January 2021 1,793 10,236 524 640 13,193 Charge for the year 83 178 58 15 334 Deprecia on on disposals (1,062) (6,053) (320) (440) (7,875) Balance at 31 December 2021 814 4,361 262 215 5,652 Net book value at 31 December 2019 242 560 156 39 997 at 31 December 2020 152 292 102 21 567 at 31 December 2021 69 188 47 7 311 24. Property, plant and equipment Disposals during the year represent fully depreciated assets capitalised prior to 2014 which are no longer in use. The assets had no value and no proceeds of sale were made. 25. Investment in subsidiaries The Trust has the following investment in subsidiaries: Investment in subsidiaries was the same for both 2020 and 2021. Country of incorpora on Year-end repor ng date Class of shares held Ownership 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% Notes (continued, forming part of the financial statements)

• Cover