Issue link: http://itf.uberflip.com/i/1503947
ITF Trust Annual Report and Financial Statements 2022 12 Note(s) 2022 $000 Opera ng 2022 $000 Strategic 2022 $000 Inves ng 2022 $000 Total 2021 $000 Opera ng 2021 $000 Strategic 2021 $000 Inves ng 2021 $000 Total Income Subscrip ons and authorisa on fees 3,477 – – 3,477 3,374 – – 3,374 Sponsorship, compe on and television 7 60,734 – – 60,734 34,799 – – 34,799 Data sales 20,756 – – 20,756 11,363 – – 11,363 Grand Slam Player Development Programme 2,653 – – 2,653 1,124 – – 1,124 Wheelchair Tennis Development Fund 44 – – 44 1 – – 1 Olympics 7,818 – – 7,818 8,827 – – 8,827 Olympic Solidarity 287 – – 287 226 – – 226 Other development income 895 – – 895 509 – – 509 An -doping 21 – – 21 4,732 – – 4,732 Technical and sundry 1,618 – – 1,618 1,619 – – 1,619 Total income 8 98,303 – – 98,303 66,574 – – 66,574 Expenses Professional Tennis 9 59,851 1,249 – 61,100 45,470 – – 45,470 Tennis Development 10 10,531 1,441 – 11,972 7,282 982 – 8,264 Commercial 11 3,993 – – 3,993 2,323 – – 2,323 Presiden al and Communica ons 12 5,665 – – 5,665 5,221 – – 5,221 Integrity, Science and Technical 13 3,875 – – 3,875 7,075 – – 7,075 Finance and Administra on 14 6,833 – 291 7,124 5,217 – 167 5,384 Foreign exchange (gain) / loss 15 (275) – – (275) 125 – – 125 Amor sa on 23 1,387 276 – 1,663 1,197 727 – 1,924 Deprecia on 24, 26 856 – – 856 899 – – 899 Total expenses 92,716 2,966 291 95,973 74,809 1,709 167 76,685 Investment (losses) / gains 20 – – (4,726) (4,726) – – 4,154 4,154 Surplus / (deficit) before financing 5,587 (2,996) (5,017) (2,396) (8,235) (1,709) 3,987 (5,957) Finance income 21 14 – (4) 10 – – (1) (1) Finance costs (10) – – (10) (25) – – (25) Net finance income / (expense) 4 – (4) – (25) – (1) (26) Surplus / (deficit) before tax 5,591 (2,966) (5,021) (2,396) (8,260) (1,709) 3,986 (5,983) Taxa on 22 – (39) – (39) – 440 – 440 Surplus / (deficit) surplus a er tax 5,591 (3,005) (5,021) (2,435) (8,260) (1,269) 3,986 (5,543) The notes on pages 17 to 39 are an integral part of these consolidated financial statements. for the year ended 31 December 2022 Consolidated Income Statement