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2014 ITF Report & Accounts

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Note 2014 2013 $000 $000 Non-current assets Property, plant and equipment 22 1,612 2,027 1,612 2,027 Current assets Inventories 24 282 221 Trade and other receivables 25 10,910 12,733 Other financial assets 26 52,544 55,821 Cash and cash equivalents 10,645 13,859 74,381 82,634 Total assets 75,993 84,661 Current liabilities Trade and other payables 27 22,380 25,787 Other financial liabilities 28 450 91 Total current liabilities 22,830 25,878 Total assets less current liabilities 53,163 58,783 Non-current liabilities Provisions 29 519 519 Deferred Income (Olympics) 30 _ 6,076 Net assets 52,644 52,188 Represented by Equity 52,644 52,188 These financial statements were approved by the Board of Director of ITF Limited in their capacity as Advisory Committee to the ITF Trust on 18 March 2015 and were signed on its behalf by: Francesco Ricci Bitti Rene Stammbach President Chairman of the Finance Committee CONSOLIDATED STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 DECEMBER 2014 ITF FINANCIAL STATEMENTS 51

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