27
25. Property, plant and equipment
26. Investment in subsidiaries
The Trust has the following investment in subsidiaries:
Leasehold
buildings
$000
Computers
& databases
$000
Furniture
& equipment
$000
Technical
equipment
$000
Total
$000
Cost
Balance at 1 January 2023 883 4,728 360 224 6,195
Addi ons - 175 32 2 209
Balance at 31 December 2023 883 4,903 392 226 6,404
Balance at 1 January 2024 883 4,903 392 226 6,404
Addi ons 82 113 28 36 259
Balance at 31 December 2024 965 5,016 420 262 6,663
Accumulated deprecia on
Balance at 1 January 2023 881 4,504 303 218 5,906
Charge for the year 2 142 26 2 172
Balance at 31 December 2023 883 4,646 329 220 6,078
Balance at 1 January 2024 883 4,646 329 220 6,078
Charge for the year 9 155 26 5 195
Balance at 31 December 2024 892 4,801 355 225 6,273
Net book value
at 31 December 2022 2 224 57 6 289
at 31 December 2023 - 257 63 6 326
at 31 December 2024 73 215 65 37 390
Country of
incorpora on
Year-end
repor ng date
Class of
shares held
Ownership
ITF Limited (ITF Limited also operates
a branch office in Basel, Switzerland)
Bahamas 31 December Ordinary 100%
ITF Licensing (UK) Ltd UK 31 December Ordinary 100%
Roehampton Investments Ltd Bahamas 31 December Ordinary 100%
Wholly owned subsidiary of ITF Licensing (UK) Ltd:
Hopman Cup Pty Ltd Australia 31 March Ordinary 100%
Investment in subsidaries was the same for both 2024 and 2023.
