ITF

61 ITF FINANCIAL STATEMENTS 2013 2012 $000 $000 Amounts receivable by auditors and their associates in respect of: Audit of these financial statements 56 55 Other services relating to taxation 10 11 66 66 2013 2012 $000 $000 Income from investments 736 663 Realised gain on disposal of investments 197 254 Unrealised gain/(loss) on investments 2,715 2,172 3,648 3,089 2013 2012 $000 $000 Finance income Bank interest received 45 21 2013 2012 $000 $000 Finance expense Bank interest paid - - 18. Auditors remuneration 19. Investment income 20. Finance income and expense Recognised in profit or loss 60 15. Staff numbers and costs (cont.) The total staff costs of $9,415,000 (2012: $9,228,000), have been charged to the six departments as follows: 2013 2012 $000 $000 Professional Tennis 1,697 1,790 Tennis Development 1,749 1,726 Commercial 1,406 1,193 Presidential & Communications 2,213 2,182 Science & Technical 632 638 Finance & Administration 1,718 1,699 9,415 9,228 2013 2012 $000 $000 Executive Officers' remuneration 2,716 2,534 Pension contributions in respect of Executive Officers (note 17) 128 120 2,844 2,654 17. Pensions ITF Licensing (UK) Ltd has established a pension provision within the UK for its employees. Since 1997, contributions paid by the ITF towards the pension fund of an individual have been held in a fund specific to each individual, under a Group Personal Pension Scheme. Employees are not required to make any contributions to this fund, which provides benefits related to the value of the fund accumulated for each employee at the time of retirement. In 2013 there were contributions of $26,000 outstanding at the balance sheet date (2012:$35,000). The difference of $591,000 (2012: $568,000), between aggregate payroll costs and total staff costs relates to private healthcare, recruitment, temporary staff, training and other staff costs. 16. Executive Officers' remuneration Included in the salary costs of the departments is the remuneration of the Executive Officers, which for the purposes of these financial statements, is defined as the President, the Vice-President and the Executive Directors. The total Executive Officers' remuneration is: NOTES (CONT.) (FORMING PART OF THE FINANCIAL STATEMENTS) ITF FINANCIAL STATEMENTS

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