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THE ALL ENGLAND LAWN TENNIS GROUND PLC ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2011 WIMBLEDON.COM

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Page 1: THE ALL ENGLAND LAWN TENNIS GROUND PLC  · PDF filethe all england lawn tennis ground plc annual report & financial statements for the year ended 31 july 2011 wi m bledon.co m

THE ALL ENGLAND LAWN TENNIS GROUND PLC

ANNUAL REPORT & FINANCIAL STATEmENTSFOR THE yEAR ENDED 31 JULy 2011

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1The All englAnd lAwn Tennis ground plc And subsidiAry underTAkings 1The All englAnd lAwn Tennis ground plc And subsidiAry underTAkings

OFFICERS AND PROFESSIONAL ADVISERS DIRECTORSJ A H CURRY Cbe fCA (CHAIRMAN)P W breTherTonp g h brook fIA J s dunninghAm obe

MIss V F gooding Cbe

s g smiTh obe fRICs

SECRETARyr g ATkinson fCMA

AUDITORSdeloiTTe llpchArTered AccounTAnTs And sTATuTory AudiTorshill house1 liTTle new sTreeTlondon ec4A 3Tr

SOLICITORScms cAmeron mckennAmiTre house160 AldersgATe sTreeTlondon ec1A 4dd

BANkERShsbc bAnk plcwesT end corporATe bAnking cenTre70 pAll mAlllondon sw1y 5eZ

REGISTRARS AND TRANSFER OFFICEThe All englAnd lAwn Tennis ground plcchurch roAdwimbledonlondon sw19 5Ae

REGISTERED OFFICEdeloiTTe llphill house1 liTTle new sTreeTlondon ec4A 3Tr

CONTENTS

officers and professional Advisers 1report of the directors 2—5statement of directors’ responsibilities 6independent Auditors’ report 7consolidated profit and loss Account 8consolidated balance sheet 9company balance sheet 10consolidated cash Flow statement 11notes to the Financial statements 12—22

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3The All englAnd lAwn Tennis ground plc And subsidiAry underTAkings

REPORT OF THE DIRECTORS

The directors submit their annual report on the affairs of the group together with the financial statements and auditors’ report for the year ended 31 July 2011.

PRINCIPAL ACTIVITIESThe group’s principal activities are the ownership and development of grounds in wimbledon, london sw19, which are made available for playing lawn tennis and croquet generally and for staging the wimbledon championships (‘The championships’) specifically. There have not been any significant changes in the group’s principal activities in the year under review. The directors are not aware, at the date of this report, of any likely major changes in the group’s activities in the next year. As shown in the analysis of turnover on page 13, the majority of the group’s income is from the facility fee associated with staging The championships.

BUSINESS REVIEWLong Term PlanThe group is nearing completion of its first long Term plan to develop the grounds in order to ensure that The championships are provided with world class facilities for players, spectators, media and staff. over the last 15 years, the group has invested substantially in the long Term plan constructing a new no.1 court, the broadcast centre, the millennium building, the museum building and a new court 2 and also comprehensively redeveloping centre court including installing a retractable roof in order to allow play to take place in wet weather.

during the financial year ended 31 July 2011, the group continued the implementation of the long Term plan. it completed new courts 3 and 4 and a number of other buildings to meet the needs of the grounds and the building maintenance staff. it also carried out the construction of new balconies providing extended facilities for no.1 court debenture holders. These two projects were completed in time for the 2011 championships and accounted for substantially all of the group’s fixed asset additions of £15,056,000 during the financial year (2010: £11,921,000).

over the next two years, the group will carry out a redevelopment of the millennium building in order to expand and improve the space available to the players. in addition, the group has now begun a planning process for further development of the grounds over the next decade or so.

Depreciation and facility feeThe depreciation charge of £11,835,000 (2010: £10,618,000) reflects the commencement of depreciation on capital expenditure on the two projects completed during the financial year ended 31 July 2011. The facility fee of £14,581,000 (2010: 13,425,000) increased correspondingly to provide a 2% return on capital expenditure on these two projects. The facility fee will increase in each of the next two financial years in line with inflation.

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Balance sheethistorically, the group has been able to fund the development of its grounds from cash inflows generated through its facility fee and the issue of debentures. however, due to the magnitude of expenditure on redeveloping centre court, the group arranged a £75,000,000 secured term loan with hsbc on 31 August 2007 which was drawn down in full during the year ended 31 July 2009. As at 31 July 2011, the outstanding balance on this loan stood at £50,000,000 (2010: £65,000,000) with the repayments having been made in accordance with the repayment schedule agreed with hsbc.

As at 31 July 2011, the net book value of the group’s tangible fixed assets stood at £332,917,000 (2010: £329,696,000), cash balances stood at £21,186,000 (2010: £12,952,000) and long term borrowings stood at £45,500,000 (2010: £55,425,000) representing the outstanding long term balance on the loan facility of £40,000,000 and the nominal value of the 2011-15 centre court debenture issue and the 2012-2016 no. 1 court debenture issue.

Debenture issuesin may 2009, the group announced the successful issue of 2,500 centre court debentures relating to the 2011-15 championships. proceeds amounting to £37,500,000 (net of VAT) were received prior to the year ended 31 July 2011. proceeds totalling a further £22,500,000 were received during the year ended 31 July 2011.

in June 2011, the group announced the successful issue of 1,000 no. 1 court debentures relating to the 2012-16 championships. proceeds amounting to £3,250,000 (net of VAT) were received during the year ended 31 July 2011.

As a result of these debenture issues the balance on the debenture premium reserve increased to £243,852,000 (2010: £218,602,000). proceeds totalling a further £8,250,000 are due to be received in respect of the no. 1 court debentures by 31 January 2012. The proceeds will be used to help repay the £75,000,000 loan in accordance with a repayment schedule running through to 31 January 2015.

Related partieson 14 may 2009 the group, the lawn Tennis Association (‘the lTA’) and The All england lawn Tennis and croquet club (‘the club’) agreed arrangements for the continuation of their relationship in respect of The championships for at least a further 40 years from 1 August 2013. under these arrangements, the club will purchase all of the lTA’s shares in the company as at 1 August 2013 subject to certain conditions being satisfied and will be permitted to instruct the company to buy back its own shares in order to meet some or all of the club’s obligations to the lTA. in addition, the group will receive a facility fee broadly protected against inflation for 40 years based on the facility fee received for the year ending 31 July 2013.

THE CHAmPIONS 2011

PETRA kVITOVALADIES’ SINGLES CHAmPION

NOVAk DJOkOVICGENTLEmEN’S SINGLES CHAmPION

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Olympicsin september 2010, the company and the club signed a “venue use agreement” with the london organising committee of the olympic games and paralympic games limited (“locog”) which sets out the terms and conditions under which the company’s grounds will be used by locog to stage the tennis event at the 2012 london olympics.

GROUP RESULTSThe consolidated operating profit of £2,241,000 (2010: £3,194,000) was lower than the prior year due primarily to costs related to the planning process for further development of the grounds. The profit after taxation of £13,000 (2010: £1,320,000) was also lower than the prior year due primarily to costs related to the planning process.

The directors do not recommend the payment of a dividend (2010: £nil) and, after transfers of £6,259,000 (2010: £6,259,000) from the championships rebuilding reserve, a retained profit of £6,272,000 (2010: £7,579,000) was realised.

PRINCIPAL OPERATIONAL RISkS AND UNCERTAINTIESThe key operational risk faced by the group relates to completion of construction work around the grounds. This risk involves the cost of construction materials, the use of sub-contract labour and the pressure to complete the construction work and clear the grounds in time for each year’s championships.

The group manages these risks by only working with long standing and approved contractors, purchasing materials as much in advance as possible to limit exposure to price changes and by continuing actively to manage and control the long Term plan through regular reporting and management meetings.

The experience of the directors and secretary in managing construction projects and the financial implications associated with such projects is a significant asset in the management of these risks.

in any event, the magnitude of these risks has reduced significantly following the completion of the redevelopment of centre court and the successful deployment of the new retractable roof during the 2009, 2010 and 2011 championships.

POST-BALANCE SHEET EVENTSsince 1 August 2011, the group has refunded substantially all of the £425,000 nominal value of the no. 1 court debentures relating to the 2007-11 championships. under the terms of the debenture prospectus, the group was contractually committed to refund the nominal value of a debenture on 1 August 2011 provided that the holder of the debenture had returned the relevant debenture certificate.

on 1 August 2011, the club’s assets, liabilities, rights and obligations (including its shares in the company) were transferred to a newly formed company The All england lawn Tennis & croquet club limited (“clubco”). control of clubco rests with the same group of individuals who previously controlled the club. clubco or its subsidiaries will, in effect, replace the club as a counterparty in certain contractual matters.

on 1 october 2011, the lTA’s shares in the company were transferred to a newly formed company lawn Tennis Association limited (“lTAco”). The members of lTAco (i.e. its counties, national and island Associations and other represented bodies) are the same as members of the lTA. lTAco or its subsidiaries will, in effect, replace the lTA as a counterparty in certain contractual matters.

FINANCIAL RISk mANAGEmENT OBJECTIVES AND POLICIESThe board recognises that the group’s activities expose it to a number of financial risks including price risk, credit risk, liquidity and cash flow risk and interest rate risk. The board recognizes these risks and the importance of managing them. Accordingly, the group uses a variety of tools to monitor and control these risks although it does not currently use derivative financial instruments.

Price riskThe group is exposed to price risk in the construction industry in the context of its long Term plan to develop the grounds. construction price pressures have weakened significantly in recent years but the group’s quantity surveyors continue to prepare regular formal reports with forecasts of long Term plan expenditure for presentation to and review by the board.

Credit riskThe group’s financial assets are primarily cash, short-term deposits and other liquid funds and receivables.

The credit risk on liquid funds is limited because hsbc, the counterparty, is a bank which continues to be assigned strong credit ratings by international credit rating agencies.

The group’s credit risk is attributable to receivables with substantially all of its receivables being due from the club which stages The championships on the group’s grounds and which is one of the controlling parties (see note 24). in view of this concentration of risk, the company’s directors are kept informed of any material changes in the financial strength of The championships which have, however, been highly profitable for many years.

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Liquidity and cash flow riskhistorically, the group has been able to fund the development of its grounds from cash inflows generated through its facility fee and the issue of debentures. however, as expected, in the years ended 31 July 2008 and 2009, the group’s capital expenditure on its long Term plan exceeded its cash flows. As a result, the group signed a long-term £75,000,000 secured loan facility on 31 August 2007 which was used to fund capital expenditure.

The loan facility is due to be repaid according to an agreed repayment schedule using receipts from the annual facility fee and future issues of debentures. The directors are confident that The championships will continue to pay the facility fee and that the successful applicants for the 2012-16 no. 1 court debenture issue will meet their obligations to pay a further £8,250,000 by 31 January 2012.

on 1 August 2013, under the provisions of the 14 may 2009 agreement signed by the group, the lTA and the club, the club will purchase all of the lTA’s shares in the company as at 1 August 2013 subject to certain conditions being satisfied. under the provisions of the agreement, the club is permitted to ask the company to buy back its own shares in order to meet some or all of the club’s obligations to the lTA. if the club were to do so, the company would require approval from hsbc and might require an extension of its existing term loan with hsbc or a new loan alongside its existing loan. see note 1 for consideration of preparation of financial statements on a going concern basis.

Interest rate riskThe group is exposed to interest rate risk since the interest payable on the loan facility floats in line with libor. The directors have explored the possibility of using interest rate swap contracts to manage this risk but, in view of the historically low level of libor and the likelihood that this low level will continue, have decided not to fix interest rates. The decision to allow interest rates to float is reflected in the decrease in the interest payable on bank borrowings.

CREDITORS PAymENT POLICyit is the group’s policy to ensure that all creditors are paid in accordance with agreed terms and conditions once a satisfactory service has been delivered. The company’s creditor payment period for the year ended 31 July 2011 was 54 days (2010 - 35 days).

DIRECTORS The directors during the year under review were:

‘A’ Directors J A h curry (chairman), p g h brook (appointed 13 december 2010), J s dunningham , T d phillips (resigned 10 december 2010).

‘B’ Directorsp w bretherton , d p howorth (resigned 3 February 2011), miss V F gooding (appointed 3 February 2011), s g smith.

in accordance with the Articles of Association, the three ‘A’ directors are appointed by the club and the three ‘b’ directors by the lTA. subject to the provisions of the Articles of Association, one ‘A’ director and one ‘b’ director are required to retire on 31 January in each year, but are eligible for re-appointment.

no directors’ remuneration is payable.

AUDITORSeach of the persons who is a director at the date of approval of this report confirms that:

(1) so far as the director is aware, there is no relevant audit information of which the company’s auditors are unaware; and

(2) the director has taken all steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company’s auditors are aware of that information.

This confirmation is given and should be interpreted in accordance with the provisions of s418 of the companies Act 2006.

deloitte llp have indicated their willingness to accept reappointment as auditors of the company for a further term in accordance with the provisions of the companies Act 2006.

Approved by order of the Board of Directors and signed on behalf of the Board

R. G. ATkINSONsecreTAry

REPORT OF THE DIRECTORS

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The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

company law requires the directors to prepare financial statements for each financial year. under that law the directors have elected to prepare the financial statements in accordance with united kingdom generally Accepted Accounting practice (united kingdom Accounting standards and applicable law). under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of the affairs of the company and the group and of the profit or loss of the group for that period. in preparing these financial statements, the directors are required to:

select suitable accounting policies and then apply them consistently;

make judgements and estimates that are reasonable and prudent; state whether applicable uk Accounting standards have been followed; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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INDEPENDENT AUDITORS’ REPORT TO THE mEmBERS OF THE ALL ENGLAND LAWN TENNIS GROUND PLC

we have audited the financial statements of The All england lawn Tennis ground plc for the year ended 31 July 2011 which comprise the consolidated profit and loss account, the consolidated and company balance sheets, the consolidated cash flow statement, and the related notes 1 to 25. The financial reporting framework that has been applied in their preparation is applicable law and united kingdom Accounting standards (united kingdom generally Accepted Accounting practice).

This report is made solely to the company’s members, as a body, in accordance with chapter 3 of part 16 the companies Act 2006. our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of directors and auditorsAs explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and international standards on Auditing (uk and ireland). Those standards require us to comply with the Auditing practices board’s (Apb’s) ethical standards for Auditors.

Scope of the audit of the financial statementsAn audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the group’s and the parent company’s circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the directors; and the overall presentation of the financial statements. in addition, we read all the financial and non-financial information in the annual report to identify material inconsistencies with the audited financial statements. if we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.

Opinion on financial statementsin our opinion the financial statements:

give a true and fair view of the state of the group’s and the parent company’s affairs as at 31 July 2011 and of the group’s profit for the year then ended;

have been properly prepared in accordance with united kingdom generally Accepted Accounting practice; and

have been prepared in accordance with the requirements of the companies Act 2006.

Opinion on other matters prescribed by the Companies Act 2006in our opinion the information given in the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements.

matters on which we are required to report by exceptionwe have nothing to report in respect of the following matters where the companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

the parent company financial statements are not in agreement with the accounting records and returns; or

certain disclosures of directors’ remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit.

mARk GOODEy (senior sTATuTory AudiTor)

for and on behalf of Deloitte LLPChartered Accountants and Statutory AuditorsLondon, United kingdom

31 October 2011

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STATEmENT OF DIRECTORS’ RESPONSIBILITIES

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CONSOLIDATED PROFIT AND LOSS ACCOUNT yEAR ENDED 31 JULy

2011 2010

notes £000 £000

Turnover 1, 2 15,875 14,726

cost of sales (126) (112)

Gross profit 15,749 14,614

Administrative expenses (13,508) (11,420)

Operating profit 2,241 3,194

interest payable and similar charges 4 (581) (624)

interest receivable and other income 5 69 12

Profit on ordinary activities before taxation 6 1,729 2,582

Tax on profit on ordinary activities 7 (1,716) (1,262)

Profit on ordinary activities after taxation 13 1,320

Transfer from championships rebuilding reserve 17 6,259 6,259

Retained profit for the financial year 6,272 7,579

balance brought forward from previous year 24,082 16,503

Profit and loss account carried forward 30,354 24,082

All results are from continuing operations and there are no recognised gains or losses other than the profit disclosed in the above profit and loss account for the current or preceding year. Accordingly, no statement of total recognised gains and losses is presented.

These financial statements of The All england lawn Tennis ground plc, company number 168491, were approved by the board of directors on 31 october 2011.

signed on behalf of the board of directors

J A H CURRyP W BRETHERTONdirecTors

CONSOLIDATED BALANCE SHEET AT 31 JULy

2011 2010

  notes £000 £000

Fixed Assets

Tangible assets 9 332,917 329,696

investments 10 360 360

333,277 330,056

Current assets

debtors - falling due within one year 11 2,158 482

debtors - falling due after more than one year 11 6,059 6,059

Amount due from The All england lawn Tennis & croquet club 12 135 2,588

cash at bank and in hand 21,186 12,952

29,538 22,081

Creditors: amounts falling due within one year

Trade creditors (195) (219)

other creditors 13 (13,906) (21,261)

corporation tax payable - (1,326)

(14,101) (22,806)

Net current assets/(liabilities) 15,437 (725)

Total assets less current liabilities 348,714 329,331

Creditors: amounts falling due after more than one year 14 (45,500) (55,425)

Provisions for liabilities and charges 15 (16,378) (12,333)

286,836 261,573

Capital and reserves

called up share capital 16 58 58

other reserves 17 256,424 237,433

profit and loss account 30,354 24,082

Shareholders’ funds 22 286,836 261,573

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COmPANy BALANCE SHEET AT 31 JULy

2011 2010

  notes  £000 £000

Fixed Assets

Tangible assets 9 332,917 329,696

investments 10 381 381

333,298 330,077

Current assets

debtors - falling due within one year 11 2,158 482

debtors - falling due after more than one year 11 6,059 6,059

Amount due from The All england lawn Tennis & croquet club 12 135 2,588

cash at bank and in hand 21,186 12,952

29,538 22,081

Creditors: amounts falling due within one year

Trade creditors (195) (219)

other creditors 13 (13,906) (21,261)

corporation tax payable - (1,326)

(14,101) (22,806)

Net current assets/(liabilities) 15,437 (725)

Total assets less current liabilities 348,735 329,352

Creditors: amount falling due after more than one year 14 (45,521) (55,446)

Provisions for liabilities and charges 15 (16,378) (12,333)

286,836 261,573

Capital and reserves

called up share capital 16 58 58

other reserves 17 256,424 237,433

profit and loss account 30,354 24,082

Shareholders’ funds 22 286,836 261,573

These financial statements of The All england lawn Tennis ground plc, company number 168491, were approved by the board of directors on 31 october 2011

signed on behalf of the board of directors

J A H CURRyP W BRETHERTONdirecTors

CONSOLIDATED CASH FLOW STATEmENT yEAR ENDED 31 JULy

2011 2010

  notes £000 £000 £000 £000

Net cash flow from operating activities 19 19,537 7,098

Returns on investments and servicing of finance

interest received 69 12

interest paid (581) (624)

Net cash outflow from returns on investments and servicing of finance

(512) (612)

Taxation

united kingdom corporation tax paid (732) (270)

Capital expenditure and financial Investment

purchase of tangible fixed assets (16,262) (9,704)

Cash inflow/(outflow) before use of liquid resources and financing 2,031 (3,488)

Financing

long term loan (15,000) (10,000)

debentures

redemption of 2006–2010 centre court series (4,547) -

proceeds of Third/ second Tranche 2011-2015 centre court series 22,500 22,500

proceeds of First Tranche 2012-2016 no. 1 court series 3,250 -

Net cash inflow from financing 6,203 12,500

Increase in cash in the year 21 8,234 9,012

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ANALySIS OF TURNOVER

All turnover is derived in the united kingdom

INFORmATION REGARDING DIRECTORS AND EmPLOyEESdirectors’ emoluments: The directors received no remuneration during the financial year (2010 - £nil).

no people were employed during the year (2010 – nil) excluding directors.

INTEREST PAyABLE AND SImILAR CHARGES

INTEREST RECEIVABLE AND OTHER INCOmE

2011 2010

  £000 £000

Facility fees payable by The championships 14,511 13,355

Facility fees payable by the wimbledon museum 25 25

Facility fees payable by the lawn Tennis Association 45 45

14,581 13,425

other 1,294 1,301

15,875 14,726

2011 2010

  £000 £000

bank interest payable 581 624

581 624

2011 2010

  £000 £000

interest on bank deposits 69 12

69 12

NOTES TO THE FINANCIAL STATEmENTS yEAR ENDED 31 JULy

ACCOUNTING POLICIESThe principal accounting policies are summarised below. All have been applied consistently throughout the current and preceding year for the group and the company.

(a) Accounting conventionThe financial statements are prepared under the historical cost convention and in accordance with applicable united kingdom Accounting standards.

(b) Basis of accountingThe consolidated financial statements incorporate the financial statements of The All england lawn Tennis ground plc and its subsidiary undertakings.

(c) Tangible fixed assets Tangible fixed assets are stated at cost, net of depreciation. depreciation is not provided on freehold land. on other assets, it is provided on cost in equal annual instalments over the estimated lives of the assets. The rates of depreciation are as follows:

Freehold buildings, expenditure on grounds etc. (see note 9) 2% pavilion at raynes park sports ground 4% plant and machinery 5%-10% Fixtures and fittings 20% museum equipment 10%-20% museum exhibits, library books, films etc. (see note 9) 0%-10%

(d) Deferred taxation in accordance with Frs19 “deferred Taxation”, deferred taxation is provided in full on all timing differences that result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise, based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. deferred tax assets and liabilities are not discounted.

Current taxation, including united kingdom corporation tax and foreign tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

(e) TurnoverThe figure for turnover represents sales to third parties net of value added tax and facility fees payable by The championships. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value. where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

(f) Investmentsshares in group companies are stated at cost less provision for impairment in value. investments held as current assets are stated at the lower of cost and net realisable value.

(g) Interest receivableinterest on investments credited in the financial statements is accrued on a day-to-day basis.

(h) Going concernThe group is funded on an ongoing basis by the annual facility fee received from The championships and by the issue of debentures and since 31 August 2007 has also had a long-term secured loan facility with hsbc (see business review on page 3). The board of directors is satisfied that on the basis of the group’s cash flow projections and the funding sources in place, it is appropriate for the financial statements to be prepared on a going concern basis.

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2011 2010

  £000 £000

current Tax:

united kingdom corporation tax at 27.33% (2010 – 28%) 1,834 2,155

Adjustment in respect of prior years - corporation tax (4,163) (22)

current year tax charge/ (credit) for the year (2,329) 2,133

Adjustment in respect of prior years - deferred taxation 4,654 (1,243)

deferred taxation - capital allowances in excess of depreciation (see note 15) 305 843

Adjustment due to proposed change in rate of uk corporation tax (914) (471)

1,716 1,262

Reconciliation of current year taxation charge 2011 2010

£000 £000

profit/ (loss) on ordinary activities before taxation 1,729 2,582

Tax charge/ (credit) on profit on ordinary activities 472 723

Factors affecting charge:

expenses not deductible for taxation purposes 1,732 2,305

capital allowances in excess of depreciation (370) (873)

prior period adjustments (4,163) (22)

current taxation charge/ (credit) for the year (2,329) 2,133

2011 2010

  £000 £000

profit/ (loss) on ordinary activities before taxation is after charging:

depreciation on tangible fixed assets 11,835 10,618

Auditors’ remuneration – audit fees 31 22

Taxation services 119 57

The analysis of auditors’ remuneration is as follows:

Fees payable to the company’s auditors for the audit of the company’s annual accounts 31 22

Fees payable to the company’s auditors and their associates for other services to the group – all amounts relate to tax and audit services in both years 119 57

Total auditors’ remuneration 150 79

PROFIT/(LOSS) ON ORDINARy ACTIVITIES BEFORE TAXATION

Fees payable to deloitte llp and their associates for non-audit services to the company are not required to be disclosed because the consolidated financial statements are required to disclose such fees on a consolidated basis.

TAX ON PROFIT/(LOSS) ON ORDINARy ACTIVITIES

The Finance Act (no.2) 2010, which provided for a reduction in the main rate of uk corporation tax from 28% to 27% effective from 1 April 2011, was substantively enacted on 21 July 2010. The 2011 budget (delivered on 23 march 2011) announced a further reduction of 1% to the uk corporation tax rate, causing the rate to fall to 26% effective from 1 April 2011. The current tax charge reflects the fall in rate to 26%.

The Finance Act 2011, which provides for a further reduction in the main rate of uk corporation tax from 26% to 25% effective from 1 April 2012, was substantively enacted on 19 July 2011. deferred tax balances carried forward therefore reflect the 25% rate.

The government has also indicated that it intends to introduce further reductions in the main tax rate, with the rate falling by 1% each year down to 23% by 1 April 2014. These further reductions to the tax rates have not been substantively enacted at the balance sheet date and are therefore not reflected in these financial statements.

6.

7.

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16 The All englAnd lAwn Tennis ground plc And subsidiAry underTAkings 17The All englAnd lAwn Tennis ground plc And subsidiAry underTAkings

INVESTmENTS HELD AS FIXED ASSETS

DEBTORS

under the 14 may 2009 agreement, the loan to the lTA is repayable on 1 August 2013.

AmOUNT DUE FROm THE CLUB IN RESPECT OF THE CHAmPIONSHIPS, WImBLEDONThe following related party transactions have occurred during the year ended 31 July 2011 with the club

in accordance with Frs 8 ‘related party disclosures’, transactions with other undertakings within the group have not been disclosed in these financial statements.

The group The compAny

2011 2010 2011 2010

£000 £000 £000 £000

Falling due within one year:

Trade debtors 30 58 30 58

corporation tax debtor (see note 7) 1,736 - 1,736 -

prepayments and accrued income 392 424 392 424

2,158 482 2,158 482

Due after more than one year:

lTA 6,059 6,059 6,059 6,059

Total debtors 8,217 6,541 8,217 6,541

The group The compAny

2011 2010 2011 2010

£000 £000 £000 £000

The Queen’s club 360 360 360 360

shares in subsidiary undertakings at cost - - 21 21

360 360 381 381

At 31 July 2010, the following undertakings were subsidiaries of the company:

country of registration

Activity class of share

% shares held

The All england motor park limited england & wales dormant ordinary 100

The wimbledon lawn Tennis museum limited england & wales dormant ordinary 100

PROFIT OF PARENT COmPANyAs permitted by section 408 of the companies Act 206, the profit and loss account of the parent company is not presented as part of these financial statements. The consolidated profit and loss account includes a profit after taxation of £13,000 (2010: £1,320,000) which is attributable to the parent company.

The balance on the profit and loss account of the parent company carried forward, after adding the profit after taxation for the financial year and after transferring £6,259,000 from the championships rebuilding reserve (2010: transferring £6,259,000 from the championships rebuilding reserve), is a surplus of £30,354,000 (2010: £24,082,000).

TANGIBLE FIXED ASSETS

depreciation is not charged on freehold land with a cost of £8,749,000 (2010: £8,749,000).

The additions to fixed assets include £15,027,000 (2010: £11,867,000) of expenditure on the long Term plan for the development of the wimbledon grounds.

Freehold land and buildings have been provided as security against the loan (see note 14).

8.

9. Freehold land &

buildingsplant &

equipmentexhibits,

films and library books

Total

THE GROUP AND THE COmPANy £000 £000 £000 £000

cost

At 1 August 2010 389,252 1,642 1,383 392,277

Additions during the year 15,027 - 29 15,056

Total at 31 July 2011 404,279 1,642 1,412 407,333

depreciation

At 1 August 2010 60,155 1,642 784 62,581

charge for the year 11,835 - - 11,835

Total at 31 July 2011 71,990 1,642 784 74,416

net book value

31 July 2011 332,289 - 628 332,917

31 July 2010 329,097 - 599 329,696

10.

11.

12.

The group The compAny

£000 £000

due from the club at 1 August 2010 2,588 2,588

Facility fees payable by The championships 14,536 14,536

interface costs payable by The championships 65 65

VAT charged in year 3,044 3,044

payments (21,529) (21,529)

sundry costs and receipts recharged 1,431 1,431

Due from the Club at 31 July 2011 135 135

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18 The All englAnd lAwn Tennis ground plc And subsidiAry underTAkings 19The All englAnd lAwn Tennis ground plc And subsidiAry underTAkings

PROVISIONS FOR LIABILITIES AND CHARGESdeferred taxation movement for the year

CALLED UP SHARE CAPITAL

The ‘A’ ordinary shares and ‘b’ ordinary shares rank pari passu.

The beneficial ownership of the ‘A’ ordinary shares rests with the club; the beneficial ownership of the ‘b’ ordinary shares rests with the lTA.

OTHER CREDITORS

CREDITORS: AmOUNTS FALLING DUE AFTER mORE THAN ONE yEAR

The loan is secured on the freehold property known as the All england lawn Tennis ground, church road, wimbledon. interest is payable at a floating rate based on libor. The loan is repayable according to an agreed repayment schedule by 31 January 2015. Those repayments that are due on or before 31 July 2012 are shown within other creditors.

The 2007-2011 no.1 court debentures which are free of interest and unsecured are repayable at par on 1 August 2011.

The 2011-2015 centre court debentures which are free of interest and unsecured are repayable at par on 3 August 2015.

The 2012-2016 no.1 court debentures which are free of interest and unsecured are repayable at par on 1 August 2016.

The loan from The All england motor park limited is interest free and has no fixed repayment terms.

The amount that falls due after more than five years is £500,000 (2010: £5,000,000).

The group The compAny

2011 2010 2011 2010

£000 £000 £000 £000

VAT 648 327 648 327

debentures creditors 713 4,835 713 4,835

Accruals and other creditors 2,545 1,099 2,545 1,099

loan 10,000 15,000 10,000 15,000

13,906 21,261 13,906 21,261

The group The compAny

2011 2010 2011 2010

£000 £000 £000 £000

loan 40,000 50,000 40,000 50,000

The All england motor park limited - - 21 21

debentures: 2007-2011 no.1 court series - 425 - 425

debentures: 2011-2015 centre court series 5,000 5,000 5,000 5,000

debentures: 2012-2016 no.1 court series 500 - 500 -

45,500 55,425 45,521 55,446

13.

14.

The group The compAny

2011 2010 2011 2010

£000 £000 £000 £000

At 1 August 12,333 13,204 12,333 13,204

charge to profit and loss account

deferred Taxation

current year 305 843 305 843

prior year 4,654 (1,243) 4,654 (1,243)

change in rate (914) (471) (914) (471)

At 31 July 16,378 12,333 16,378 12,333

Analysis of deferred tax The group The compAny

2011 2010 2011 2010

£000 £000 £000 £000

capital allowances in excess of depreciation 16,378 12,333 16,378 12,333

closing balance 16,378 12,333 16,378 12,333

15.

16.

2011 2010

  £ £

Authorised, called up, allotted and fully paid

29,078 ‘A’ ordinary shares of £1 each 29,078 29,078

29,078 ‘b’ ordinary shares of £1 each 29,078 29,078

58,156 58,156

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20 The All englAnd lAwn Tennis ground plc And subsidiAry underTAkings 21The All englAnd lAwn Tennis ground plc And subsidiAry underTAkings

OTHER RESERVES

The championships rebuilding reserve was established to set aside funds to meet the potential long term rebuilding costs of facilities for staging The championships. The reserve is being transferred to the profit and loss account over a five year period as the group incurs higher depreciation related to the centre court building project. Accordingly the reserve will be fully transferred by 31 July 2013.

other reserves comprise the lord ritchie library Fund and general reserve.

The reserves are all non-distributable.

CAPITAL COmmITmENTS

These capital commitments relate wholly to the long Term plan.

RECONCILIATION OF OPERATING PROFIT TO OPERATING CASH FLOWS

RECONCILIATION OF NET CASH FLOW TO mOVEmENT IN NET FUNDS

The All england lawn Tennis ground plc includes as liquid resources term deposits of less than one year.

ANALySIS OF NET FUNDS

debenture premium reserve

championships rebuilding

reserve

other reserves

Total

THE GROUP £000 £000 £000 £000

At 1 August 2010 218,602 18,775 56 237,433

debenture premiums received 25,250 - - 25,250

Transferred to profit and loss account - (6,259) - (6,259)

At 31 July 2011 243,852 12,516 56 256,424

THE COmPANy £000 £000 £000 £000

At 1 August 2010 218,602 18,775 56 237,433

debenture premiums received 25,250 - - 25,250

Transferred to profit and loss account - (6,259) - (6,259)

At 31 July 2011 243,852 12,516 56 256,424

17.

18.

The group The compAny

2011 2010 2011 2010

£000 £000 £000 £000

contracted but not provided for in these accounts 13,340 9,272 13,340 9,272

2011 2010

  £000 £000

operating profit 2,241 3,194

depreciation charge 11,835 10,618

decrease/ (increase) in debtors 2,513 (180)

increase/ (decrease) in creditors 2,948 (6,534)

19,537 7,098

19.

20.

21.

2011 2010

£000 £000

increase in cash in the year 8,234 9,012

cash outflow from long term loans 15,000 10,000

redemption of 2006-2010 centre court debenture series 4,547 -

Third/ second tranche 2011-2015 centre court debenture series (22,500) (22,500)

First tranche 2012-2016 no. 1 court debenture series (3,250) -

change in net funds resulting from cash flows 2,031 (3,488)

Transfer debenture premiums to reserves 25,250 22,500

27,281 19,012

net funds at 1 August 2010 and 1 August 2009 (62,308) (81,320)

net funds at 31 July (35,027) (62,308)

At 1 August cash Flow At 31 July

2010 2011

£000 £000 £000

cash at bank and in hand 12,952 8,234 21,186

long term loan (65,000) 15,000 (50,000)

debentures due within one year (4,835) 4,122 (713)

debentures due after one year (5,425) (75) (5,500)

(62,308) 27,281 (35,027)

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RECONCILIATION OF mOVEmENT IN SHAREHOLDERS’ FUNDS

in the opinion of the directors, the nature of the premiums received on the debentures is not a finance item within the spirit of Financial reporting standard 4. The premiums are received by the company because the debentures carry the privilege to receive centre and no.1 court tickets for future championships. This privilege is conveyed by the shareholders of the company, rather than by the company itself, and accordingly the premiums received are recognised as a movement in shareholders’ Funds. The value of the centre and no.1 court tickets for the 2011 championships was £2,415,435

PENSION SCHEmEAll of the employees of The All england lawn Tennis ground plc and its subsidiaries, and their associated pension benefits and obligations, were transferred to the club on 1 october 2004, and therefore no financial obligations are reported in these accounts under Frs17.

CONTROLLING PARTyThe beneficial ownership of The All england lawn Tennis ground plc rests jointly, 50% with the club and 50% with the lTA.

SUBSEqUENT EVENTSon 1 August 2011, the club’s assets, liabilities, rights and obligations (including its shares in the company) were transferred to a newly formed company The All england lawn Tennis & croquet club limited (“clubco”). control of clubco rests with the same group of individuals who previously controlled the club. clubco or its subsidiaries will, in effect, replace the club as a counterparty in certain contractual matters.

on 1 october 2011, the lTA’s shares in the company were transferred to a newly formed company lawn Tennis Association limited (“lTAco”). The members of lTAco (i.e. its counties, national and island Associations and other represented bodies) are the same as members of the lTA. lTAco or its subsidiaries will, in effect, replace the lTA as a counterparty in certain contractual matters.

since 1 August 2011, the group has refunded substantially all of the £425,000 nominal value of the no. 1 court debentures relating to the 2007-11 championships. under the terms of the debenture prospectus, the group was contractually committed to refund the nominal value of a debenture on 1 August 2011 provided that the holder of the debenture had returned the relevant debenture certificate.

22.

23.

24.

25.

2011 2010

  £000 £000

profit for the year 13 1,320

premium on 2,500 centre court debentures 22,500 22,500

premium on 1,000 no.1 court debentures 2,750 -

opening shareholders’ funds 261,573 237,753

closing shareholders’ funds 286,836 261,573

Rafael Nadal [1] (1) (esp)michael russell (90) (usA)pablo Andujar (50) (esp)ryan sweeting (69) (usA)gilles muller (92) (luX)Tommy haas (20) (ger)marc gicquel (119) (FrA)milos Raonic [31] (25) (cAn)Juan martin Del Potro [24] (21) (Arg)Flavio cipolla (112) (iTA)olivier rochus (73) (bel)kenny de schepper (234) (FrA)Frederico gil (91) (por)dudi sela (84) (isr)edouard roger-Vasselin (145) (FrA)Gilles Simon [15] (16) (FrA)mardy Fish [10] (9) (usA)marcel granollers (48) (esp)philipp kohlschreiber (39) (ger)denis istomin (65) (uZb)robin haase (58) (ned)pere riba (71) (esp)radek stepanek (60) (cZe)Fernando Verdasco [21] (22) (esp)Juan Ignacio Chela [25] (20) (Arg)marinko matosevic (150) (Aus)donald young (111) (usA)Alex bogomolov Jr. (72) (usA)ruben bemelmans (163) (bel)Julien benneteau (77) (FrA)Filippo Volandri (81) (iTA)Tomas Berdych [6] (7) (cZe)Andy murray [4] (4) (gbr)daniel gimeno-Traver (59) (esp)Tobias kamke (83) (ger)blaz kavcic (74) (slo)sergiy stakhovsky (46) (ukr)daniel cox (273) (gbr)ivan ljubicic (33) (cro)marin Cilic [27] (26) (cro)Richard Gasquet [17] (13) (FrA)santiago giraldo (64) (col)igor kunitsyn (66) (rus)igor sijsling (188) (ned)martin Fischer (151) (AuT)simone bolelli (116) (iTA)potito starace (49) (iTA)Stanislas Wawrinka [14] (14) (sui)Gael monfils [9] (8) (FrA)matthias bachinger (98) (ger)grega Zemlja (157) (slo)lukas lacko (148) (sVk)Arnaud clement (143) (FrA)lukasz kubot (93) (pol)ivo karlovic (44) (cro)Janko Tipsarevic [23] (29) (srb)Thomaz Bellucci [30] (28) (brA)rainer schuettler (113) (ger)Feliciano lopez (44) (esp)michael berrer (76) (ger)Jaroslav pospisil (133) (cZe)Victor hanescu (63) (rou)Andreas beck (156) (ger)Andy Roddick [8] (10) (usA)David Ferrer [7] (6) (esp)benoit paire (115) (FrA)ivan dodig (37) (cro)ryan harrison (122) (usA)carlos berlocq (70) (Arg)karol beck (125) (sVk)Andrey golubev (45) (kAZ)Guillermo Garcia-Lopez [26] (41) (esp)Alexandr Dolgopolov [22] (24) (ukr)Fernando gonzalez (55) (chi)rik de Voest (147) (rsA)ruben ramirez hidalgo (121) (esp)grigor dimitrov (62) (bul)cedrik-marcel stebe (208) (ger)go soeda (131) (Jpn)Jo-Wilfried Tsonga [12] (19) (FrA)Nicolas Almagro [16] (15) (esp)Jarkko nieminen (51) (Fin)John isner (47) (usA)nicolas mahut (94) (FrA)somdev devvarman (68) (ind)denis gremelmayr (101) (ger)Juan monaco (43) (Arg)mikhail youzhny [18] (17) (rus)David Nalbandian [28] (23) (Arg)Julian reister (135) (ger)Florent serra (126) (FrA)Andreas haider-maurer (78) (AuT)Adrian mannarino (55) (FrA)conor niland (181) (irl)mikhail kukushkin (61) (kAZ)Roger Federer [3] (3) (sui)Robin Soderling [5] (5) (swe)philipp petzschner (67) (ger)kei nishikori (52) (Jpn)lleyton hewitt (130) (Aus)igor Andreev (79) (rus)Teymuraz gabashvili (129) (rus)bernard Tomic (158) (Aus)Nikolay Davydenko [29] (27) (rus)Florian mayer [20] (18) (ger)daniel evans (301) (gbr)Xavier malisse (42) (bel)mischa Zverev (103) (ger)ernests gulbis (75) (lAT)dmitry Tursunov (53) (rus)Alejandro Falla (88) (col)Jurgen melzer [11] (11) (AuT)Viktor Troicki [13] (12) (srb)maximo gonzalez (86) (Arg)yen-hsun lu (57) (Tpe)Tommy robredo (31) (esp)ricardo mello (89) (brA)Frank dancevic (164) (cAn)James ward (192) (gbr)michael Llodra [19] (35) (FrA)marcos Baghdatis [32] (30) (cyp)James blake (102) (usA)Andreas seppi (38) (iTA)Albert montanes (34) (esp)kevin Anderson (36) (rsA)illya marchenko (114) (ukr)Jeremy chardy (54) (FrA)Novak Djokovic [2] (2) (srb)

Rafael Nadal [1]6/3 6/2 6/4

gilles muller2/3 ret’d

Juan martin Del Potro [24]6/7(7) 6/1 6/0 6/4

Gilles Simon [15]7/6(3) 6/4 7/5

mardy Fish [10]7/6(6) 6/4 6/4

robin haase6/3 6/4 4/6 6/2

Alex bogomolov Jr.6/0 6/3 6/4

Tomas Berdych [6]6/1 6/4 6/2

Andy murray [4]6/3 6/3 7/5

ivan ljubicic6/4 6/4 6/2

Richard Gasquet [17]6/1 6/4 6/4

simone bolelli7/6(5) 6/3 7/6(4)

Gael monfils [9]4/6 6/3 6/3 7/6(7)

lukasz kubot7/6(2) 6/3 6/3

Feliciano lopez7/6(3) 6/7(3) 6/2 6/2

Andy Roddick [8]6/4 6/3 6/4

David Ferrer [7]6/7(6) 6/1 4/6 6/3 6/2

karol beck7/6(5) 6/4 3/6 6/4

Fernando gonzalez6/4 6/4 6/4

Jo-Wilfried Tsonga [12]6/7(4) 6/4 6/4 7/6(8)

Nicolas Almagro [16]7/6(3) 7/6(5) 6/7(5) 6/3

mikhail youzhny [18]6/2 6/4 6/4

David Nalbandian [28]6/3 3/6 6/4 6/4

Roger Federer [3]6/2 6/3 6/2

Robin Soderling [5]6/7(5) 3/6 7/5 6/4 6/4

bernard Tomic4/6 5/7 6/3 6/4 6/1

Xavier malisse1/6 6/3 6/2 6/2

Jurgen melzer [11]6/3 2/6 7/6(5) 7/6(1)

yen-hsun lu7/6(5) 6/4 6/4

michael Llodra [19]6/2 4/6 6/2 6/3

marcos Baghdatis [32]6/4 7/6(4) 7/5

Novak Djokovic [2]6/3 6/4 6/2

Rafael Nadal [1]7/6(6) 7/6(5) 6/0

Juan martin Del Potro [24]7/6(8) 7/6(5) 7/5

mardy Fish [10]6/3 6/7(5) 6/2 1/1 ret’d

Tomas Berdych [6]6/2 6/4 6/3

Andy murray [4]6/4 4/6 6/1 7/6(4)

Richard Gasquet [17]6/3 6/2 6/4

lukasz kubot6/3 3/6 6/3 6/3

Feliciano lopez7/6(2) 7/6(2) 6/4

David Ferrer [7]6/4 6/3 6/3

Jo-Wilfried Tsonga [12]6/3 6/4 6/3

mikhail youzhny [18]4/6 6/3 7/6(3) 6/3

Roger Federer [3]6/4 6/2 6/4

bernard Tomic6/1 6/4 7/5

Xavier malisse7/6(5) 6/3 6/0

michael Llodra [19]6/3 6/3 6/1

Novak Djokovic [2]6/4 4/6 6/3 6/4

Rafael Nadal [1]7/6(6) 3/6 7/6(4) 6/4

mardy Fish [10]7/6(5) 6/4 6/4

Andy murray [4]7/6(3) 6/3 6/2

Feliciano Lopez3/6 6/7(5) 7/6(7) 7/5 7/5

Jo-Wilfried Tsonga [12]6/3 6/4 7/6(1)

Roger Federer [3]6/7(5) 6/3 6/3 6/3

bernard Tomic6/1 7/5 6/4

Novak Djokovic [2]6/3 6/3 6/3

1.2.3.4.5.6.7.8.9.

10.11.12.13.14.15.16.17.18.19.20.21.22.23.24.25.26.27.28.29.30.31.32.33.34.35.36.37.38.39.40.41.42.43.44.45.46.47.48.49.50.51.52.53.54.55.56.57.58.59.60.61.62.63.64.65.66.67.68.69.70.71.72.73.74.75.76.77.78.79.80.81.82.83.84.85.86.87.88.89.90.91.92.93.94.95.96.97.98.99.

100.101.102.103.104.105.106.107.108.109.110.111.112.113.114.115.116.117.118.119.120.121.122.123.124.125.126.127.128.

(wc)

(ll)

(Q)

(Q)

(wc)(Q)

(Q)

(Q)

(wc)

(Q)(Q)(ll)

(ll)(Q)(wc)(Q)

(Q)

(ll)

(Q)

(Q)

(Q)(ll)

(Q)

(Q)

(wc)

(wc)

(Q)(wc)

}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}

Nov

ak D

joko

vic

[2]

6/4

6/1

1/6

6/3

Nov

ak D

joko

vic

[2]

6/2

3/6

6/3

7/5

Jo-W

ilfri

ed T

song

a [1

2]3/

6 6

/7(3

) 6

/4 6

/4 6

/4A

ndy

mur

ray

[4]

6/3

6/4

6/4

Raf

ael N

adal

[1]

6/3

6/3

5/7

6/4

Nov

ak D

joko

vic

[2]

7/6

(4)

6/2

6/7

(9)

6/3

Raf

ael N

adal

[1]

5/7

6/2

6/2

6/4

heavy type denotes seeded players. The figure in square brackets against names denotes the order in which they were seeded.The figures in round brackets denotes wTA Tour ranking. (wc) = wild card. (Q) = Qualifier. (ll) = lucky loser.

THE GENTLEmEN’S SINGLES CHAmPIONSHIP 2011 CHAmPION 2010: RAFAEL NADAL

FIRST ROUND SECOND ROUND THIRD ROUND FOURTH ROUND qUARTER-FINALS SEmI-FINALS FINAL

Rafael Nadal [1] 6/4 6/2 6/2

ryan sweeting 3/6 4/6 6/1 7/6(1) 6/1

gilles muller 7/6(5) 7/6(3) 3/6 6/3

milos Raonic [31] 6/3 7/6(3) 6/3

Juan martin Del Potro [24] 6/1 6/4 6/3

olivier rochus 6/7(6) 3/6 6/3 6/1 6/4

dudi sela 6/4 6/1 6/4

Gilles Simon [15] 4/6 6/4 6/3 7/6(3)

mardy Fish [10] 7/6(3) 7/6(5) 6/4

denis istomin 4/6 6/3 6/3 6/3

robin haase 6/4 6/4 6/4

Fernando Verdasco [21] 2/6 4/6 6/3 7/6(6) 9/7

Juan Ignacio Chela [25] 6/4 6/4 6/7(6) 6/2

Alex bogomolov Jr 7/5 4/6 6/3 6/1

Julien benneteau 6/4 6/2 3/6 4/6 6/1

Tomas Berdych [6] 6/2 6/2 6/1

Andy murray [4] 4/6 6/3 6/0 6/0

Tobias kamke 6/3 7/6(4) 5/7 6/1

sergiy stakhovsky 6/2 6/4 6/4

ivan ljubicic 7/6(2) 3/6 6/3 6/4

Richard Gasquet [17] 7/5 6/3 7/6(3)

igor kunitsyn 6/3 6/4 6/2

simone bolelli 7/5 6/4 6/4

Stanislas Wawrinka [14] 6/3 6/4 6/4

Gael monfils [9] 6/4 7/6(3) 6/3

grega Zemlja 6/4 3/6 7/6(8) 6/4

lukasz kubot 6/4 6/2 3/6 5/7 6/4

ivo karlovic 7/5 3/1 ret’d

rainer schuettler 7/6(3) 6/4 6/2

Feliciano lopez 6/4 7/5 6/3

Victor hanescu 6/4 6/3 6/2

Andy Roddick [8] 6/4 7/6(6) 6/3

David Ferrer [7] 6/4 6/4 6/4

ryan harrison 7/6(5) 6/0 7/5

karol beck 4/6 7/6(6) 4/6 6/2 6/4

Guillermo Garcia-Lopez [26] 6/3 6/3 0/0 ret’d

Fernando gonzalez 6/3 6/7(6) 7/6(3) 6/4

rik de Voest 6/2 6/3 6/2

grigor dimitrov 7/5 7/5 7/6(5)

Jo-Wilfried Tsonga [12] 6/3 7/6(4) 6/2

Nicolas Almagro [16] 6/7(5) 6/3 6/4 6/4

John isner 7/6(4) 6/2 7/6(6)

somdev devvarman 6/4 4/2 ret’d

mikhail youzhny [18] 4/6 6/2 6/2 4/6 6/4

David Nalbandian [28] 7/5 6/2 6/3

Andreas haider-maurer 7/6(5) 6/3 6/3

Adrian mannarino 4/6 6/4 7/6(7) 4/6 6/4

Roger Federer [3] 7/6(2) 6/4 6/2

Robin Soderling [5] 6/4 6/4 2/6 7/6(5)

lleyton hewitt 6/1 7/6(4) 6/7(7) 6/3

igor Andreev 6/4 7/6(5) 6/7(4) 4/6 6/3

bernard Tomic 7/5 6/3 7/5

Florian mayer [20] 7/6(5) 7/6(1) 3/6 6/4

Xavier malisse 6/2 6/3 6/2

dmitry Tursunov 6/3 3/6 7/6(12) 7/6(1)

Jurgen melzer [11] 3/6 7/6(5) 6/2 6/2

Viktor Troicki [13] 3/6 6/0 7/6(3) 6/3

yen-hsun lu 6/4 6/4 6/1

ricardo mello 3/6 3/6 6/4 7/6(6) 6/2

michael Llodra [19] 6/3 7/6(4) 6/3

marcos Baghdatis [32] 6/4 6/2 6/7(5) 4/6 6/4

Andreas seppi 6/4 6/4 7/5

kevin Anderson 6/7(5) 7/6(7) 6/4 4/6 6/1

Novak Djokovic [2] 6/4 6/1 6/1

Page 14: THE ALL ENGLAND LAWN TENNIS GROUND PLC  · PDF filethe all england lawn tennis ground plc annual report & financial statements for the year ended 31 july 2011 wi m bledon.co m

24 The All englAnd lAwn Tennis ground plc And subsidiAry underTAkings

THE LADIES’ SINGLES CHAmPIONSHIP 2011 CHAmPION 2010: SERENA WILLIAmS

Caroline Wozniacki [1] (1) (den)Arantxa parra santonja (105) (esp)sania mirza (60) (ind)Virginie razzano (96) (FrA)Anastasia rodionova (79) (Aus)Andrea hlavackova (99) (cZe)Alona bondarenko (104) (ukr)Jarmila Gajdosova [27] (28) (Aus)Dominika Cibulkova [24] (24) (sVk)mirjana lucic (91) (cro)polona hercog (59) (slo)Johanna larsson (63) (swe)mathilde Johansson (70) (FrA)heather watson (106) (gbr)Anabel medina garrigues (43) (esp)Julia Goerges [16] (16) (ger)Samantha Stosur [10] (10) (Aus)melinda czink (72) (hun)Anastasiya yakimova (100) (blr)sofia Arvidsson (71) (swe)elena baltacha (68) (gbr)mona barthel (114) (ger)kirsten Flipkens (124) (bel)Shuai Peng [20] (20) (chn)Lucie Safarova [31] (32) (cZe)lucie hradecka (41) (cZe)klara Zakopalova (35) (cZe)emily webley-smith (244) (gbr)Angelique kerber (77) (ger)laura robson (254) (gbr)Anna chakvetadze (52) (rus)maria Sharapova [5] (6) (rus)Na Li [3] (4) (chn)Alla kudryavtseva (72) (rus)sabine lisicki (62) (ger)Anastasija sevastova (54) (lAT)Jie Zheng (84) (chn)Zuzana ondraskova (110) (cZe)misaki doi (133) (Jpn)Bethanie mattek-Sands [30] (31) (usA)Ana Ivanovic [18] (18) (srb)melanie oudin (87) (usA)coco Vandeweghe (102) (usA)eleni daniilidou (121) (gre)kristina barrois (75) (ger)petra cetkovska (81) (cZe)olga govortsova (101) (blr)Agnieszka Radwanska [13] (11) (pol)marion Bartoli [9] (9) (FrA)kristyna pliskova (229) (cZe)lourdes dominguez lino (48) (esp)romina oprandi (67) (iTA)evgeniya rodina (82) (rus)chanelle scheepers (93) (rsA)irina-camelia begu (78) (rou)Flavia Pennetta [21] (21) (iTA)maria kirilenko [26] (27) (rus)Alberta brianti (56) (iTA)Tamarine Tanasugarn (108) (ThA)yaroslava shvedova (123) (kAZ)simona halep (58) (rou)bojana Jovanovski (50) (srb)Aravane rezai (61) (FrA)Serena Williams [7] (25) (usA)Francesca Schiavone [6] (7) (iTA)Jelena dokic (45) (Aus)barbora Zahlavova strycova (55) (cZe)Aleksandra wozniak (174) (cAn)Ayumi morita (42) (Jpn)Tamira paszek (80) (AuT)christina mchale (73) (usA)Ekaterina makarova [28] (38) (rus)Shahar Peer [22] (22) (isr)ksenia pervak (89) (rus)sorana cirstea (86) (rou)pauline parmentier (74) (FrA)irina Falconi (109) (usA)stephanie dubois (122) (cAn)stephanie Foretz gacon (139) (FrA)Andrea Petkovic [11] (13) (ger)Anastasia Pavlyuchenkova [14] (14) (rus)lesia Tsurenko (141) (ukr)Vesna dolonts (95) (rus)nadia petrova (37) (rus)kateryna bondarenko (126) (ukr)Alize cornet (69) (FrA)sara errani (34) (iTA)kaia kanepi [17] (17) (esT)Daniela Hantuchova [25] (23) (sVk)Vitalia diatchenko (168) (rus)kai-chen chang (136) (Tpe)marina erakovic (144) (nZl)sandra Zahlavova (117) (cZe)iveta benesova (53) (cZe)magdalena rybarikova (66) (sVk)Victoria Azarenka [4] (5) (blr)Petra kvitova [8] (8) (cZe)Alexa glatch (173) (usA)naomi broady (213) (gbr)Anne keothavong (111) (gbr)rebecca marino (44) (cAn)patricia mayr-Achleitner (113) (AuT)Vera dushevina (51) (rus)Roberta Vinci [29] (29) (iTA)yanina Wickmayer [19] (19) (bel)Varvara lepchenko (85) (usA)Anastasia pivovarova (112) (rus)Anna Tatishvili (118) (geo)Jill craybas (107) (usA)Alexandra dulgheru (39) (rou)shuai Zhang (83) (chn)Svetlana kuznetsova [12] (12) (rus)Jelena Jankovic [15] (15) (srb)maria Jose martinez sanchez (76) (esp)monica niculescu (46) (rou)sybille bammer (149) (AuT)katie o’brien (215) (gbr)kimiko date-krumm (57) (Jpn)Akgul Amanmuradova (97) (uZb)Venus Williams [23] (30) (usA)Tsvetana Pironkova [32] (33) (bul)camila giorgi (169) (iTA)Vania king (92) (usA)petra martic (98) (cro)elena Vesnina (36) (rus)laura pous-Tio (90) (esp)Alison riske (115) (usA)Vera Zvonareva [2] (3) (rus)

FIRST ROUND SECOND ROUND THIRD ROUND FOURTH ROUND qUARTER-FINALS SEmI-FINALS FINAL

Caroline Wozniacki [1] 6/2 6/1

Virginie razzano 7/6(4) 2/6 6/3

Andrea hlavackova 6/1 6/2

Jarmila Gajdosova [27] 7/5 6/3

Dominika Cibulkova [24] 3/6 6/3 8/6

polona hercog 6/7(3) 6/3 6/4

mathilde Johansson 2/6 6/4 6/4

Julia Goerges [16] 6/3 6/0

melinda czink 6/3 6/4

Anastasiya yakimova 4/6 6/2 6/1

elena baltacha 6/2 6/4

Shuai Peng [20] 6/0 6/4

Lucie Safarova [31] 2/6 6/3 6/3

klara Zakopalova 6/3 5/7 8/6

laura robson 4/6 7/6(4) 6/3

maria Sharapova [5] 6/2 6/1

Na Li [3] 6/3 6/3

sabine lisicki 6/1 6/1

Jie Zheng 7/5 6/0

misaki doi 6/4 5/7 7/5

Ana Ivanovic [18] 6/0 6/1

eleni daniilidou 6/4 6/4

petra cetkovska 6/2 5/7 6/2

Agnieszka Radwanska [13] 6/0 3/0 ret’d

marion Bartoli [9] 6/0 6/2

lourdes dominguez lino 6/0 6/1

evgeniya rodina 6/3 7/5

Flavia Pennetta [21] 7/6(3) 4/6 6/2

maria kirilenko [26] 6/2 6/1

Tamarine Tanasugarn 6/2 6/3

simona halep 6/1 6/2

Serena Williams [7] 6/3 3/6 6/1

Francesca Schiavone [6] 6/4 1/6 6/3

barbora Zahlavova strycova 7/6(7) 6/4

Tamira paszek 5/7 6/3 6/0

christina mchale 2/6 6/1 8/6

ksenia pervak 5/7 6/4 6/4

pauline parmentier 6/1 6/3

stephanie dubois 6/2 6/2

Andrea Petkovic [11] 6/3 6/4

Anastasia Pavlyuchenkova [14] 6/4 7/6(3)

nadia petrova 6/3 6/4

kateryna bondarenko 7/5 6/2

sara errani 6/1 6/4

Daniela Hantuchova [25] 4/6 7/6(5) 6/3

marina erakovic 6/4 6/2

iveta benesova 3/6 6/3 8/6

Victoria Azarenka [4] 6/4 3/2 ret’d

Petra kvitova [8] 6/2 6/2

Anne keothavong 6/2 6/4

rebecca marino 6/3 7/6(5)

Roberta Vinci [29] 7/5 6/2

yanina Wickmayer [19] 7/5 6/3

Anna Tatishvili 3/6 6/2 6/3

Alexandra dulgheru 6/2 6/4

Svetlana kuznetsova [12] 3/6 6/3 6/4

maria Jose martinez sanchez 5/7 6/4 6/3

monica niculescu 6/1 6/1

kimiko date-krumm 6/0 7/5

Venus Williams [23] 6/3 6/1

Tsvetana Pironkova [32] 6/2 6/1

petra martic 5/7 6/2 6/2

elena Vesnina 6/4 6/3

Vera Zvonareva [2] 6/0 3/6 6/3

Caroline Wozniacki [1]6/1 6/3

Jarmila Gajdosova [27]7/6(1) 6/3

Dominika Cibulkova [24]6/1 6/2

Julia Goerges [16]7/6(10) 6/2

melinda czink7/5 6/3

Shuai Peng [20]4/6 6/2 7/5

klara Zakopalova6/0 6/7(3) 6/4

maria Sharapova [5]7/6(4) 6/3

sabine lisicki3/6 6/4 8/6

misaki doi6/3 6/1

Ana Ivanovic [18]6/3 6/0

petra cetkovska3/6 7/6(5) 6/4

marion Bartoli [9]4/6 7/5 6/2

Flavia Pennetta [21]6/4 6/2

maria kirilenko [26]7/5 7/5

Serena Williams [7]3/6 6/2 6/1

Francesca Schiavone [6]7/5 6/3

Tamira paszek6/4 6/1

ksenia pervak6/2 1/6 6/3

Andrea Petkovic [11]6/3 4/6 6/3

nadia petrova6/3 6/3

kateryna bondarenko6/4 5/7 6/2

Daniela Hantuchova [25]6/3 6/1

Victoria Azarenka [4]6/0 6/3

Petra kvitova [8]6/2 6/1

Roberta Vinci [29]7/6(3) 6/2

yanina Wickmayer [19]3/6 6/4 6/2

Svetlana kuznetsova [12]6/0 6/2

maria Jose martinez sanchez6/3 6/0

Venus williams [23]6/7(6) 6/3 8/6

Tsvetana pironkova [32]6/1 6/4

Vera Zvonareva [2]6/1 7/6(5)

Caroline Wozniacki [1]6/3 6/2

Dominika Cibulkova [24]6/4 1/6 6/3

Shuai Peng [20]6/2 7/6(5)

maria Sharapova [5]6/2 6/3

sabine lisicki6/4 6/2

petra cetkovska6/2 7/6(0)

marion Bartoli [9]5/7 6/4 9/7

Serena Williams [7]6/3 6/2

Tamira paszek3/6 6/4 11/9

ksenia pervak6/4 7/6(2)

nadia petrova6/3 6/2

Victoria Azarenka [4]6/3 3/6 6/2

Petra kvitova [8]6/3 6/3

yanina Wickmayer [19]4/6 6/3 6/4

Venus williams [23]6/0 6/2

Tsvetana pironkova [32]6/2 6/3

Dominika Cibulkova [24]1/6 7/6(5) 7/5

maria Sharapova [5]6/4 6/2

sabine lisicki7/6(3) 6/1

marion Bartoli [9]6/3 7/6(6)

Tamira paszek6/2 2/6 6/3

Victoria Azarenka [4]6/2 6/2

Petra kvitova [8]6/0 6/2

Tsvetana Pironkova [32]6/2 6/3

1.2.3.4.5.6.7.8.9.

10.11.12.13.14.15.16.17.18.19.20.21.22.23.24.25.26.27.28.29.30.31.32.33.34.35.36.37.38.39.40.41.42.43.44.45.46.47.48.49.50.51.52.53.54.55.56.57.58.59.60.61.62.63.64.65.66.67.68.69.70.71.72.73.74.75.76.77.78.79.80.81.82.83.84.85.86.87.88.89.90.91.92.93.94.95.96.97.98.99.

100.101.102.103.104.105.106.107.108.109.110.111.112.113.114.115.116.117.118.119.120.121.122.123.124.125.126.127.128.

(wc)

(Q)

(wc)

(wc)

(wc)

(Q)

(wc)

(Q)

(Q)

(Q)

(Q)(ll)(ll)

(Q)

(Q)(Q)(Q)

(Q)(wc)

(wc)

(Q)

}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}

Pet

ra k

vito

va [

8]6

/3 6

/4

Pet

ra k

vito

va [

8]6

/3 6

/7(5

) 6

/2V

icto

ria

Aza

renk

a [4

]6

/3 6

/1s

abin

e li

sick

i 6

/4 6

/7(4

) 6

/1m

aria

Sha

rap

ova

[5]

6/1

6/1

Pet

ra k

vito

va [

8]6

/1 3

/6 6

/2m

aria

Sha

rap

ova

[5]

6/4

6/3

heavy type denotes seeded players. The figure in square brackets against names denotes the order in which they were seeded.The figures in round brackets denotes wTA Tour ranking. (wc) = wild card. (Q) = Qualifier. (ll) = lucky loser.

Page 15: THE ALL ENGLAND LAWN TENNIS GROUND PLC  · PDF filethe all england lawn tennis ground plc annual report & financial statements for the year ended 31 july 2011 wi m bledon.co m

AE

LTC