2025
$000
2024
$000
Current foreign currency forwards – held for hedging 671 -
Non-current foreign currency forwards – held for hedging 56 -
727 -
33. Derivative financial instruments – current / non-current asset
2025
$000
2024
$000
Trade payables 19,632 7,646
Other payables - 621
Other taxation and social security 305 747
Withheld taxes (receivable)/ payable (37) 245
Accruals 8,387 15,827
Total contract liabilities (see note 37) 31,821 22,451
60,108 47,537
Current portion 53,947 38,280
Non-current portion 6,161 9,257
60,108 47,537
34. Trade and other payables
2025
$000
2024
$000
Current foreign currency forwards – held for hedging - (581)
Non-current foreign currency forwards – held for hedging - (337)
- (918)
35. Derivative financial instruments – liability
Dilapidations provision
$000
Balance at 1 January 2025 200
Released to Income Statement (200)
Balance at 31 December 2025 -
2025
$000
Non-current -
Current -
-
36. Provisions
During the year, the ITF entered into a new lease agreement in respect of its Roehampton property.
As a result, the previously recognised dilapidations provision was no longer required and was fully released
to the income statement.
ITF Trust Annual Report and Consolidated Financial Statements 35
