Internally
generated
software
Internally
generated software
(under construction)
Total
Cost $000 $000 $000
Balance at 1 January 2024 10,259 386 10,645
Additions 3,065 - 3,065
Balance at 31 December 2024 13,324 386 13,710
Balance at 1 January 2025 13,324 386 13,710
Additions 2,773 - 2,773
Transfers out from under construction 386 (386) -
Balance at 31 December 2025 16,483 - 16,483
Accumulated amortisation
Balance at 1 January 2024 7,910 - 7,910
Charge for the year 1,669 - 1,669
Balance at 31 December 2024 9,579 - 9,579
Balance at 1 January 2025 9,579 - 9,579
Charge for the year 2,307 - 2,307
Balance at 31 December 2025 11,886 - 11,886
Net book value
at 31 December 2024 3,745 386 4,131
at 31 December 2025 4,597 - 4,597
24. Intangible assets
Internally generated software relates to the investment in the ITF's IPIN system, tournament management
system, customer data platform and other development costs, including capitalised IT staff costs. During the
year, development costs relating to the online ITF Academy, which offers tennis education and coaching courses,
were transferred from software under construction to internally generated software following completion and
availability for use. Amortisation is charged from the date the asset became available for use over its estimated
useful life.
NOTES
(Forming part of the Financial Statements)
ITF Trust Annual Report and Consolidated Financial Statements 30
