ITF Trust Annual Report and Financial Statements 2022 31
29. Investments
2022
$000
2021
$000
Investments
Held at fair value through profit and loss
Bonds 4,363 5,578
Equi es 18,164 25,702
Other investment assets 4,958 5,010
Cash equivalents
Cash deposits 5,921 17,266
33,406 53,556
Investments – Olympics
Held at fair value through profit and loss
Bonds 7,156 3,350
Cash equivalents
Short-term investments 117 8,459
7,273 11,809
40,679 65,365
2022
$000
2021
$000
Trade payables 9,303 6,275
Other payables 205 88
Other taxa on and social security 675 585
Witheld taxes payable 1,440 -
Accruals 14,114 14,575
Deferred income (see note 35) 24,256 24,967
49,993 46,490
30. Deriva ve financial instruments – non-current asset
31. Security deposit – restricted cash
The ITF held $25.4m in lieu of guarantees from Kosmos Tennis, required by the Davis Cup licensing agreement, as security
against default or termina on. This cash was to be held separately and not for use within the business and was therefore held
as restricted cash and excluded from the cash flow statement. A er the year-end, the partnership with Kosmos Tennis for the
Davis Cup ended and restricted cash has been transferred to cash at bank and in hand.
32. Trade and other payables
2022
$000
2021
$000
Current foreign currency forwards – held for hedging 83 -
