33
2023
$000
2022
$000
Current
Receipts in advance 11,888 14,614
Olympic deferred income - 7,695
Grand Slam Player Development Programme 1,218 1,947
Total contract liaili es 13,106 24,256
Dilapida ons
provision
$000
Balance at 1 January 2023 200
Released to the Income Statement -
Balance at 31 December 2023 200
2023
$000
Non-current 200
Current -
200
34. Deriva ve financial instruments – liability
The dilapida ons provision relates to the ITF's Roehampton property.
The liability is expected to be incurred at the end of a new as yet unsigned lease - see note 40.
36. Contract liabili es
37. Financial instruments
a) Fair values of financial instruments
Investments in debt and equity securi es
The fair value of financial assets through profit or loss is determined by reference to their quoted bid price at the balance
sheet date.
Trade and other receivables
The fair value of trade and other receivables is es mated as the present value of future cash flows, discounted at the market
rate of interest at the balance sheet date if the effect is material.
Trade and other payables
The fair value of trade and other payables is es mated as the present value of future cash flows, discounted at the market
rate of interest at the balance sheet date if the effect is material.
35. Provisions
2023
$000
2022
$000
Current foreign currency forwards – held for hedging - 1,897
ITF Annual Report and Financial Statements 2023
