ITF

59 ITF FINANCIAL STATEMENTS Number of employees 2013 2012 $000 $000 Professional Tennis 22 23 Tennis Development 21 21 Commercial 8 9 Presidential & Communications 13 12 Science & Technical 7 8 Finance & Administration 18 18 89 91 2013 2012 $000 $000 Wages and salaries 7,775 7,504 Social security costs 740 753 Contributions to defined contribution plans (note 17) 309 403 8,824 8,660 13. Finance & Administration Included in the Finance & Administration department are the costs of Information & Communications Technology, Insurance, Legal and Professional fees, Premises, General Administration and movements in the provision for doubtful debts. 14. Foreign Exchange expense Foreign exchange expense represents the fall in value of foreign currency reserves held by the ITF as either working capital to fund its operations or for investment purposes or foreign exchange expense realised on transactions completed during the year. Further details on the ITF's capital management policy are disclosed in note 31(f ). 15. Staff numbers and costs The average number of persons employed by the Group (including Directors) during the year, analysed by category, was as follows: The aggregate payroll costs of these persons were as follows: 58 2013 2012 $000 $000 Davis Cup prize money 10,781 10,365 Davis Cup event expenses 2,634 2,529 Fed Cup prize money 3,209 3,057 Fed Cup event expenses 1,445 1,500 Hopman Cup prize money and event expenses 8,007 6,402 Data Sales activity costs 2,401 - Other Professional Tennis department costs 2,725 2,547 31,202 26,400 2013 2012 $000 $000 ITF Development Programme 2,477 2,500 Olympic Solidarity 318 432 Development Assistance Grants 198 119 Grand Slam Development Fund 1,631 1,626 4,624 4,677 Wheelchair Tennis Development Fund 136 81 Other Tennis Development costs 3,508 3,383 8,268 8,141 Other Professional Tennis department costs include Men's Circuit, Women's Circuit, Officiating, Olympics, Beach Tennis, Rules of Tennis, World Tennis Day, Data Sales, Grand Slam Committee Contribution and Tennis Integrity Contribution. Other Tennis Development department costs include Juniors, Seniors, Wheelchair and iCoach. Expenditure on Development projects in receipt of Olympic Solidarity funding is shown here gross. Included within the Development Assistance Grants in 2013 was $25,000 of assistance to National Associations affected by natural disasters during that year. 10. Commercial Included in the Commercial department costs are Television, Sponsorship Sales, Merchandising and other Sponsorship costs. 11. Presidential & Communications Included in the Presidential & Communications department costs are the Annual General Meeting, Board of Directors, Regional Grants, World Champions Dinner, Marketing the Game, Constitution and Communications. 12. Science & Technical Included in the Science & Technical department costs are Anti-Doping, Technical, Foundation and Sport Science & Medicine Commission costs. 8. Professional Tennis 9. Tennis Development NOTES (CONT.) (FORMING PART OF THE FINANCIAL STATEMENTS) ITF FINANCIAL STATEMENTS

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