ITF

23 b) Assets and liabili es related to contracts with customers The group has recognised the following assets and liabili es related to contracts with customers: Contract liabili es decreased with the u lisa on of one year of the Olympic deferred income arising from Tokyo 2020. In 2023, $21,757,000 was recognised as revenue that was included as a contract liability at the beginning of the year (2022: $25,000,000). 9. Professional Tennis 2023 $000 2022 $000 Current contract assets (see note 29) 15,964 8,075 Current contract liabili es 13,106 24,256 Total contract liabili es (see note 36) 13,106 24,256 2023 $000 Opera ng 2023 $000 Strategic 2022 $000 Opera ng 2022 $000 Strategic Davis Cup par cipa on payments 23,440 - 18,183 - Davis Cup event expenses 35,369 - 3,900 - Billie Jean King Cup par cipa on payments – - 15,128 - Billie Jean King Cup event expenses – - 3,248 - Hopman Cup expenses 9 - 87 - Data sales ac vity costs 13,923 2,681 11,143 1,249 Other Professional Tennis department costs 8,892 - 8,162 - 81,633 2,681 59,851 1,249 Other Professional Tennis department costs include ITF World Tennis Tour (men's, women's, juniors), Uniqlo Wheelchair Tennis Tour, ITF Masters Tour (formerly Seniors Tour), officia ng, Olympic and Paralympic Games, ITF Beach Tennis Tour, data sales, Grand Slam Board contribu on and Interna onal Tennis Integrity Agency contribu on. Strategic spending relates to the Balanced Calendar Fund which is expenditure on grants and other ac vi es to provide a greater number of playing opportuni es at higher prize money levels for men and women compe ng on the ITF World Tennis Tour. This fund is paid using money received from the Data Sales programme. ITF Annual Report and Financial Statements 2023

• Cover