Issue link: http://itf.uberflip.com/i/1537492
12 2024 ITF Annual Report and Financial Statements Consolidated Income Statement The notes on pages 16 to 38 are an integral part of these consolidated financial statements. for the year ended 31 December 2024 Note(s) 2024 $000 Opera ng 2024 $000 Strategic 2024 $000 Inves ng 2024 $000 Total 2023 $000 Opera ng 2023 $000 Strategic 2023 $000 Inves ng 2023 $000 Total Income Subscrip ons and authorisa on fees 8 4,105 - - 4,105 3,654 - - 3,654 Sponsorship, compe on and television 7 56,066 - - 56,066 73,869 - - 73,869 Data sales 8 31,334 - - 31,334 24,335 - - 24,335 Grand Slam Player Development Programme 8 2,941 - - 2,941 2,978 - - 2,978 Wheelchair Tennis Development Fund 8 73 - - 73 - - - - Olympics 8 7,182 - - 7,182 7,695 - - 7,695 Olympic Solidarity 8 347 - - 347 327 - - 327 Other development income 8 158 - - 158 206 - - 206 Technical and sundry 8 4,567 - - 4,567 4,419 - - 4,419 Total income before accoun ng for Joint Venture 8 106,773 - - 106,773 117,483 - - 117,483 Profit realised on transfer of IP 27 - - - - 4,283 - - 4,283 Share of loss of joint ventures accounted for using the equity method 27 (2,526) - - (2,526) (1,815) - - (1,815) Total income 104,247 - - 104,247 119,951 - - 119,951 Expenses Professional Tennis 9 73,663 2,534 - 76,197 81,633 2,681 - 84,314 Tennis Development 10 11,366 1,166 - 12,532 11,980 1,244 - 13,224 Commercial 11 2,883 - - 2,883 3,016 - - 3,016 Presiden al and Communica ons 12 5,105 - - 5,105 5,380 - - 5,380 Digital 13 1,413 - - 1,413 - - - - Integrity, Science and Technical 14 5,618 - - 5,618 8,505 - - 8,505 Finance and Administra on 16 9,023 - 44 9,067 8,021 - 55 8,076 Impairment of financial assets 37 (b) 983 - - 983 72 - - 72 Foreign exchange loss / (gain) 16 259 - - 259 (916) - - (916) Amor sa on 24 1,669 - - 1,669 1,426 - - 1,426 Deprecia on 25 195 - - 195 172 - - 172 Wheelchair Tennis Development Fund - - - - 15 - - 15 Total expenses 112,177 3,700 44 115,921 119,304 3,925 55 123,284 Investment gains 21 – – 2,059 2,059 – – 3,658 3,658 (Deficit) / surplus before financing (7,930) (3,700) 2,015 (9,615) 647 (3,925) 3,603 325 Finance income 22 3 - - 3 48 - - 48 Net finance income 3 - - 3 48 - - 48 (Deficit) / surplus before tax (7,927) (3,700) 2,015 (9,612) 695 (3,925) 3,603 373 Taxa on 23 - - - - - - - - (Deficit) / surplus a er tax (7,927) (3,700) 2,015 (9,612) 695 (3,925) 3,603 373 Consolidated Statements