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Home , Adrian Ungur, Akgul Amanmuradova, Alberta Brianti, Alexandra Panova, Anastasia Rodionova, Anastasiya Yakimova

THE ALL ENGLAND LAWN GROUND PLC ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2012

013.07.003-14 Ground accounts.indd 1 19/12/2012 14:02 Contents

Officers and Professional Advisers ...... 1

Report of the Directors ...... 4

Statement of Directors’ Responsibilities ...... 7

Independent Auditor’s Report ...... 8

Consolidated Profit and Loss Account ...... 9

Consolidated Balance Sheet ...... 10

Company Balance Sheet ...... 11

Consolidated Cash Flow Statement ...... 12

Notes to the Financial Statements ...... 13

013.07.003-14 Ground accounts.indd 2 19/12/2012 14:02 Officers and Professional Advisers

Directors

P G H Brook FIA (Chairman) P W Bretherton

J S Dunningham OBE

Miss V F Gooding CBE R M Gradon

S G Smith OBE FRICS

Secretary

R G Atkinson FCMA

Auditor Deloitte LLP Chartered Accountants 2 New Street Square London EC4A 3BZ

Solicitors CMS Cameron McKenna Mitre House 160 Aldersgate Street London EC1A 4DD

Bankers HSBC Bank plc West End Corporate Banking Centre 70 Pall Mall London SW1Y 5EZ

Registrars and Transfer Office The All England Lawn Tennis Ground plc Church Road Wimbledon London SW19 5AE

Registered Office The All England Lawn Tennis Ground plc Church Road Wimbledon London SW19 5AE

The All England Lawn Tennis Ground plc and subsidiary undertakings 1

013.07.003-14 Ground accounts.indd 1 19/12/2012 14:02 013.07.003-14 Ground accounts.indd 2 19/12/2012 14:02 013.07.003-14 Ground accounts.indd 3 19/12/2012 14:02 Report of the Directors

The directors submit their annual report on the affairs of the Cancellation of project group together with the financial statements and auditors’ During the financial year ended 31 July 2011, the group report for the year ended 31 July 2012 . approved and commenced a project to redevelop part of the Millennium Building as a final incremental element to the 1. Principal activities Long Term Plan. However, during the financial year ended The group’s principal activities are the ownership and 31 July 2012, it cancelled this project at a relatively early stage development of grounds and buildings in Wimbledon, in line with long term considerations about how it would fit London SW19, which are made available for playing lawn with the wider Wimbledon 2020 master plan. As a result, the tennis and croquet generally and for staging the Wimbledon group wrote off costs amounting to £3,087,000 that had Championships (‘The Championships’) specifically.T here been incurred on this project. It is, however, possible that have not been any significant changes in the group’s some of the work represented by these costs will be used on principal activities in the year under review. The directors future redevelopment work within the Millennium Building. are not aware, at the date of this report, of any likely major Depreciation and facility fee changes in the group’s activities in the next year. As shown The depreciation charge of £11,760,000 (2011: £11,835,000) in the analysis of turnover on page 13, the majority of the primarily reflects depreciation on Long Term Plan capital group’s income is derived from the facility fee associated expenditure. The facility fee of £14,989,000 (2011: £14,581,000) with staging The Championships. increased in line with RPI and will also increase in line with RPI in the next financial year. 2. Business review Balance sheet Long Term Plan Historically, the group had been able to fund the development The group has now completed its original Long Term Plan of its grounds from cash inflows generated through its facility which was designed to develop the grounds in such a way fee and the issue of debentures. However, due to the magnitude as to provide The Championships with world class facilities of expenditure on redeveloping Centre Court, the group for players, spectators, media and staff. Over the last 15 arranged a £75,000,000 secured term loan with HSBC on years, the group has invested substantially in the Long Term 31 August 2007 which was drawn down in full during the year Plan. It built the new No.1 Court, the Broadcast Centre, the ended 31 July 2009. As at 31 July 2012, the outstanding balance Millennium Building, the Museum Building, and new Courts 2, on this loan stood at £40,000,000 (2011: £50,000,000) 3 and 4. It also carried out a variety of ancillary construction with repayments having been made in accordance with the projects including new balconies providing extended repayment schedule agreed with HSBC. facilities for No.1 Court debenture holders and buildings to meet the needs of the grounds and the building maintenance As at 31 July 2012, the net book value of the group’s tangible staff. In addition, in its biggest single project, the group fixed assets stood at £319,924,000 (2011: £332,917,000), cash also comprehensively redeveloped Centre Court including balances stood at £29,672,000 (2011: £21,186,000) and long installing a retractable roof in order to allow play to take term borrowings stood at £40,500,000 (2011: £45,500,000) place in wet weather, extending facilities for the public, for representing the outstanding long term balance on the loan Centre Court debenture holders and for entertaining guests facility of £35,000,000 and the refundable nominal values of and improving spectator seating. the 2011-15 Centre Court debenture issue and the 2012-2016 No. 1 Court debenture issue. As a result of the Long Term Plan being completed, the group’s fixed asset additions during the financial year amounted to the Debenture issues historically low figure of £1,854,000 (2011: £15,056,000). In May 2009, the group announced the successful issue of 2,500 Centre Court debentures relating to the 2011-15 Wimbledon 2020 Championships. Proceeds amounting to £60,000,000 (net of In late 2011, the group and other entities involved with VAT) were received prior to the year ended 31 July 2011. The Championships began a planning process for further development of the grounds over the next decade or so. In June 2011, the group announced the successful issue of 1,000 This process is designed to provide a master plan, known as No. 1 Court debentures relating to the 2012-16 Championships. ‘Wimbledon 2020’, which will ensure that the grounds and Proceeds amounting to £3,250,000 (net of VAT) were received buildings continue to provide The Championships with the during the year ended 31 July 2011. Proceeds totalling a further best possible facilities and environment and, therefore, help £8,250,000 were received during the year ended 31 July 2012. to ensure that The Championships continue to be widely As a result of collecting the proceeds from the No.1 Court regarded as being the world’s premier tennis tournament. debenture issue, the balance on the Debenture Premium The master plan will be designed to meet the expectations Reserve increased during the year ended 31 July 2012 to and needs of all constituencies including players, spectators, £252,102,000 (2011: £243,852,000). media, staff and contractors. The drawing up of the master plan is expected to be completed by the end of 2012 and The proceeds of these debenture issues have been, and is expected to provide a blueprint for construction and will continue to be, used to help repay the balance of the development work for many years to come. £75,000,000 secured term loan in accordance with a repayment schedule running through to 31 January 2015.

4 The All England Lawn Tennis Ground plc and subsidiary undertakings

013.07.003-14 Ground accounts.indd 4 19/12/2012 14:02 Related parties 3. Group results On 14 May 2009, an agreement was signed under which the The consolidated operating profit after exceptional items of company, the Lawn Tennis Association (‘the unincorporated £298,000 (2011: £2,241,000) was lower than the prior year due LTA’) and The All England Lawn Tennis & Croquet Club primarily to a write off of expenditure relating to the cancelled (‘the unincorporated Club’) agreed arrangements for project to redevelop part of the Millennium Building. The loss the continuation of their relationship in respect of The after taxation of £794,000 (2011 profit after taxation: £13,000) Championships for at least a further 40 years from 1 August was also due primarily the write off of expenditure relating 2013. Under these arrangements, the unincorporated Club was to the cancelled project. obliged to purchase all of the LTA’s shares in the company as The directors do not recommend the payment of a dividend at 1 August 2013 subject to certain conditions being satisfied (2011: £nil) and, after transfers of £6,259,000 (2011: and was permitted to instruct the company to buy back its £6,259,000) from the Championships Rebuilding Reserve, a own shares in order to meet some or all of the unincorporated retained profit of £5,465,000 (2011: £6,272,000) was realised. Club’s obligations to the unincorporated LTA. In addition, the company will receive a facility fee broadly protected against 4. Principal operational risks and uncertainties inflation for 40 years based on the facility fee received for the The key operational risk faced by the group relates to year ending 31 July 2013. completion of construction work around the grounds. On 1 August 2011, the unincorporated Club’s assets, liabilities, This risk involves the cost of construction materials, the rights and obligations (including its shares in the company) use of sub-contract labour and the pressure to complete were transferred to a newly formed company The All England the construction work and clear the grounds in time for Lawn Tennis & Croquet Club Limited (“the Club”). Control each year’s Championships. of the Club rests with the same group of individuals who The group manages these risks by only working with long previously controlled the unincorporated Club. Under a standing and approved contractors, purchasing materials novation agreement that came into effect from 1 August 2011, as much in advance as possible to limit exposure to the Club or its subsidiaries replaced the unincorporated Club as price changes and by continuing actively to manage and counterparty to the 14 May 2009 agreement. control capital expenditure through regular reporting and On 1 October 2011, the unincorporated LTA’s shares in the management meetings. company were transferred to a newly formed company Lawn The experience of the directors and Secretary in managing Tennis Association Limited (“the LTA”). The members of the construction projects and the financial implications LTA (i.e. its counties, National and Island Associations and associated with such projects is a significant asset in the other representative bodies) are the same as the members management of these risks. of the unincorporated LTA. Under a novation agreement that came into effect from 1 August 2011, the LTA or its subsidiaries In any event, the magnitude of these risks has reduced replaced the unincorporated LTA as counterparty to the significantly following the completion of the redevelopment 14 May 2009 agreement. of Centre Court and the successful deployment of the new retractable roof during the 2009, 2010, 2011 and 2012 Under the terms of the 14 May 2009 agreement, the company Championships. Indeed, the group’s capital expenditure has expects to be asked by the Club to spend up to £30,000,000 slowed temporarily whilst work continues on the Wimbledon buying back its own shares as at 1 August 2013. Accordingly, by 2020 master plan. way of an agreement between the company and HSBC dated 18 June 2012, HSBC agreed to vary the terms of the 5. Post-balance sheet events £75,000,000 secured term loan to permit the company to buy There have been no significant post balance sheet events since back its own shares subject to certain conditions relating to the balance sheet date. customary banking covenants.

Olympics 6. Financial risk management objectives and policies In September 2010, the company and the unincorporated Club The board recognises that the group’s activities expose it to a signed a “venue use agreement” with the London Organising number of financial risks including price risk, credit risk, Committee of the Olympic Games and Paralympic Games liquidity and cash flow risk and interest rate risk. The board Limited (“LOCOG”) which set out the terms and conditions recognizes these risks and the importance of managing them. under which the company’s grounds were used by LOCOG to Accordingly, the group uses a variety of tools to monitor and stage the tennis event at the 2012 London Olympics. Under control these risks although it does not currently use derivative this agreement responsibility for the organisation of, and financial instruments. contracting of parties to, the Olympic Games was undertaken Price risk by LOCOG with the company playing a minor role in the The group is exposed to price risk in the construction industry operation of the tennis event. in the context of its Long Term Plan and Wimbledon 2020 master plan to develop the grounds. In recent years, the group’s capital expenditure has slowed and construction price pressures have weakened significantly. However, the group’s quantity surveyors continue to prepare regular formal reports with forecasts of capital expenditure for presentation to and review by the board.

The All England Lawn Tennis Ground plc and subsidiary undertakings 5

013.07.003-14 Ground accounts.indd 5 19/12/2012 14:02 Report of the Directors CONTINUED

Credit risk 7. Creditors payment policy The group’s financial assets are primarily cash, short-term It is the group’s policy to ensure that all creditors are paid deposits and other liquid funds and receivables. in accordance with agreed terms and conditions once a satisfactory service has been delivered. The company’s The credit risk on cash and liquid funds is limited because HSBC, creditor payment period for the year ended 31 July 2012 the counterparty, is a bank which continues to be assigned was 65 days (2011 - 54 days). strong credit ratings by international credit rating agencies.

Substantially all of the credit risk attributable to receivables 8. directors relates to The All England Lawn Tennis Club (Championships) The directors during the year under review were: Limited which stages The Championships on the group’s ‘A’ Directors grounds and which is a subsidiary of one of the controlling parties (see note 13). In view of this concentration of risk, the J A H Curry (Chairman until resignation on 7 December 2011), company’s directors are kept informed of any material changes P G H Brook (Chairman from 21 February 2012), in the financial strength of The Championships which have, J S Dunningham, R M Gradon (appointed 7 December 2011) however, been highly profitable for many years. ‘B’ Directors Liquidity and cash flow risk P W Bretherton, Miss V F Gooding and S G Smith Historically, the group has been able to fund the development of its grounds from cash inflows generated through its facility In accordance with the Articles of Association, the three fee and the issue of debentures. However, as expected, in ‘A’ directors are appointed by the Club and the three ‘B’ the years ended 31 July 2008 and 2009, the group’s capital directors by the LTA. Subject to the provisions of the Articles expenditure on its Long Term Plan exceeded its cash flows. of Association, one ‘A’ director and one ‘B’ director are As a result, the company signed a long-term £75,000,000 required to retire on 31 January in each year, but are eligible secured term loan facility on 31 August 2007 which was used to for re-appointment. fund capital expenditure. No directors’ remuneration is payable. The loan facility is due to be repaid according to an agreed repayment schedule using receipts from the annual facility fee 9. auditor and future issues of debentures. The directors are confident Each of the persons who is a director at the date of approval of that The Championships will continue to pay the facility fee and this report confirms that: that future debenture issues will raise sufficient funds to repay (1) so far as the director is aware, there is no relevant audit the loan on schedule. information of which the company’s auditors are unaware; and On 1 August 2013, under the provisions of the novated 14 May (2) the director has taken all steps that he or she ought to have 2009 agreement signed by the company, the LTA and the Club, taken as a director in order to make himself or herself aware the Club will purchase all of the LTA’s shares in the company as of any relevant audit information and to establish that the at 1 August 2013 subject to certain conditions being satisfied. company’s auditors are aware of that information. Under the provisions of the agreement, the Club is permitted to ask the company to buy back its own shares in order to meet This confirmation is given and should be interpreted in some or all of the Club’s obligations to the LTA. The company accordance with the provisions of S418 of the Companies expects to be asked by the Club to spend up to £30,000,000 Act 2006. buying back its own shares as at 1 August 2013. Accordingly, by Deloitte LLP have indicated their willingness to accept way of an agreement between the company and HSBC dated reappointment as auditors of the company for a further term in 18 June 2012, HSBC agreed to vary the terms of the accordance with the provisions of the Companies Act 2006. £75,000,000 secured term loan to permit the company to buy back its own shares subject to certain conditions relating to Approved by order of the Board of Directors and signed on customary banking covenants. behalf of the Board

Interest rate risk R . G . Atkinson The 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. Secretary The decision to allow interest rates to float is reflected in the amount of interest payable on bank borrowings.

6 The All England Lawn Tennis Ground plc and subsidiary undertakings

013.07.003-14 Ground accounts.indd 6 19/12/2012 14:02 Statement of Directors’ Responsibilities

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 applicable law and Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 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 affairs of the company and of the profit or loss of the company 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 steps for the prevention and detection of fraud and other irregularities

The All England Lawn Tennis Ground plc and subsidiary undertakings 7

013.07.003-14 Ground accounts.indd 7 19/12/2012 14:02 INDEPENDENT AUDITOR’S REPORT

indePENDENT AUDITOR’S REPORT TO THE MEMBERS Matters on which we are required to report by exception OF THE ALL ENGLAND LAWN TENNIS GROUND PLC We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, We have audited the financial statements of The All England in our opinion: Lawn Tennis Ground plc for the year ended 31 July 2012 • adequate accounting records have not been kept by the which comprise the consolidated profit and loss account, the parent company, or returns adequate for our audit have not consolidated and company balance sheets, the consolidated been received from branches not visited by us; or cash flow statement, and the related notes 1 to 25. The financial • the parent company financial statements are not in reporting framework that has been applied in their preparation agreement with the accounting records and returns; or is applicable law and United Kingdom Accounting Standards • certain disclosures of directors’ remuneration specified by (United Kingdom Generally Accepted Accounting Practice). law are not made; or • we have not received all the information and explanations This report is made solely to the company’s members, as a we require for our audit. body, in accordance with Chapter 3 of Part 16 the Companies Act 2006. Our audit work has been undertaken so that we Mark Goodey (Senior Statutory Auditor) might state to the company’s members those matters we are required to state to them in an auditor’s 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 auditors for and on behalf of Deloitte LLP As explained more fully in the Directors’ Responsibilities Chartered Accountants and Statutory Auditors Statement, the directors are responsible for the preparation of London, United Kingdom the financial statements and for being satisfied that they give 1 November 2012 a true and fair view. Our responsibility is to audit 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 statements An 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 statements In 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 2012 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 2006 In 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.

8 The All England Lawn Tennis Ground plc and subsidiary undertakings

013.07.003-14 Ground accounts.indd 8 19/12/2012 14:02 Consolidated Profit and Loss Account

Year ended 31 July

2012 2011 Notes £000 £000 Turnover 1, 2 16,268 15,875 Cost of sales (133) (126)

Gross Profit 16,135 15,749 Administrative expenses (12,750) (13,508)

Operating Profit 3,385 2,241

Exceptional item - write down of fixed assets 4 (3,087) - Interest payable and similar charges 5 (500) (581) Interest receivable and other income 6 132 69

(Loss)/Profit on ordinary activities before taxation 7 (70) 1,729 Tax on profit on ordinary activities 8 (724) (1,716)

(Loss)/Profit on ordinary activities after taxation (794) 13 Transfer from Championships Rebuilding Reserve 18 6,259 6,259

Retained profit for the financial year 5,465 6,272

Balance brought forward from previous year 30,354 24,082 Profit and loss account carried forward 35,819 30,354

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.

The All England Lawn Tennis Ground plc and subsidiary undertakings 9

013.07.003-14 Ground accounts.indd 9 19/12/2012 14:02 Consolidated Balance Sheet

at 31 July

2012 2011 Notes £000 £000 Fixed Assets Tangible assets 10 319,924 332,917 Investments 11 360 360 320,284 333,277 Current assets Debtors - falling due within one year 12 715 2,158 Debtors - falling due after more than one year 12 6,059 6,059 Amount due from The All England Lawn Tennis & Croquet Club 13 - 135 Cash at bank and in hand 29,672 21,186 36,446 29,538 Creditors: amounts falling due within one year Trade creditors (256) (195) Other creditors 14 (6,542) (13,906) Amount due to The All England Lawn Tennis Club (Championships) Limited 13 (110) - (6,908) (14,101) Net current assets 29,538 15,437 Total assets less current liabilities 349,822 348,714

Creditors: amounts falling due after more than one year 15 (40,500) (45,500) Provisions for liabilities and charges 16 (15,030) (16,378) 294,292 286,836 Capital and reserves Called up share capital 17 58 58 Other reserves 18 258,415 256,424 Profit and loss account 35,819 30,354 Shareholders’ funds 23 294,292 286,836

These financial statements of The All England Lawn Tennis Ground plc, company number 168491, were approved by the Board of Directors on 1 November 2012 Signed on behalf of the Board of Directors

P G H Brook

P W Bretherton

Directors

10 The All England Lawn Tennis Ground plc and subsidiary undertakings

013.07.003-14 Ground accounts.indd 10 19/12/2012 14:02 Company Balance Sheet

at 31 July

2012 2011 Notes £000 £000 Fixed Assets Tangible assets 10 319,924 332,917 Investments 11 381 381 320,305 333,298 Current assets Debtors - falling due within one year 12 715 2,158 Debtors - falling due after more than one year 12 6,059 6,059 Amount due from The All England Lawn Tennis & Croquet Club 13 - 135 Cash at bank and in hand 29,672 21,186 36,446 29,538 Creditors: amounts falling due within one year Trade creditors (256) (195) Other creditors 14 (6,542) (13,906) Amount due to The All England Lawn Tennis Club (Championships) Limited 13 (110) - (6,908) (14,101) Net current assets 29,538 15,437 Total assets less current liabilities 349,843 348,735

Creditors: amounts falling due after more than one year 15 (40,521) (45,521) Provisions for liabilities and charges 16 (15,030) (16,378) 294,292 286,836 Capital and reserves Called up share capital 17 58 58 Other reserves 18 258,415 256,424 Profit and loss account 35,819 30,354 Shareholders’ funds 23 294,292 286,836

These financial statements of The All England Lawn Tennis Ground plc, company number 168491, were approved by the Board of Directors on 1 November 2012 Signed on behalf of the Board of Directors

P G H Brook

P W Bretherton

Directors

The All England Lawn Tennis Ground plc and subsidiary undertakings 11

013.07.003-14 Ground accounts.indd 11 19/12/2012 14:02 Consolidated Cash Flow Statement

Year ended 31 July

2012 2011 Notes £000 £000 £000 £000 Net cash flow from operating activities 20 12,984 19,537

Returns on investments and servicing of finance Interest received 132 69 Interest paid (486) (581)

Net cash outflow from returns on investments and servicing of finance (354) (512)

Taxation United Kingdom Corporation tax paid (540) (732)

Capital expenditure and financial Investment Purchase of tangible fixed assets (1,854) (16,262)

Cash inflow before use of liquid resources and financing 10,236 2,031

Financing Long term loan (10,000) (15,000) Debentures Redemption of 2006–2010 Centre Court Series - (4,547) Proceeds of Third Tranche 2011-2015 Centre Court Series - 22,500 Proceeds of Second/First Tranche 2012-2016 No. 1 Court Series 8,250 3,200

Net cash (outflow)/ inflow from financing (1,750) 6,203

Increase in cash in the year 22 8,486 8,234

12 The All England Lawn Tennis Ground plc and subsidiary undertakings

013.07.003-14 Ground accounts.indd 12 19/12/2012 14:02 Notes to the Financial Statements

Year ended 31 July 2012

1. aCCounting Policies The 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 convention . The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom Accounting Standards.

(b) Basis of accounting . The 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 10) - 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 10) - 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) Turnover T. he figure for turnover represents sales to third parties net of value added tax and facility fee 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) Investments Shares. 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 receivable . Interest on investments credited in the financial statements is accrued on a day-to-day basis. (h) Going concern . The 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 4). 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.

2. analysis of Turnover 2012 2011 £000 £000 Facility fee payable by The Championships 14,964 14,511 Facility fee payable by the Wimbledon Museum 25 25 Facility fee payable by the Lawn Tennis Association - 45 14,989 14,581 Other 1,279 1,294 16,268 15,875

All turnover is derived in the United Kingdom.

3. information regarding Directors and Employees Directors’ Emoluments: The directors received no remuneration during the financial year (2011 - £Nil). No people were employed during the year (2011 – Nil) excluding directors.

4. write down of fixed assets 1n 2012 the write down of fixed assets represented the costs of the project to redevelop part of the Millennium Building. This project was cancelled at a relatively early stage following concerns about how it would fit with the wider Wimbledon 2020 master plan. As a result, the group wrote off costs amounting to £3,087,000 that had been incurred on this project. It is, however, possible that some of the work represented by these costs will be used on future redevelopment work within the Millennium Building.

The All England Lawn Tennis Ground plc and subsidiary undertakings 13

013.07.003-14 Ground accounts.indd 13 19/12/2012 14:02 Notes to the Financial Statements CONTINUED

5. interest payable and similar charges 2012 2011 £000 £000 Bank interest payable 500 581 500 581

6. interest receivable and other income 2012 2011 £000 £000 Interest on bank deposits 132 69 132 69

7. Profit/(Loss) on ordinary activities before taxation 2012 2012 £000 £000 Profit/(Loss) on ordinary activities before taxation is after charging: Depreciation on tangible fixed assets 11,760 11,835 Auditors’ remuneration – audit fees 32 31 Taxation services 70 119

The analysis of auditors’ remuneration is as follows: Fees payable to the company’s auditors for the audit of the company’s annual accounts 28 27

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 70 119 Total auditors’ remuneration 98 146

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.

8. tax on Profit/(loss) on Ordinary Activities 2012 2012 £000 £000 Current Tax: United Kingdom corporation tax at 25.33 % (2011 – 27.33% ) 2,164 1,834 Adjustment in respect of prior years - corporation tax (92) (4,163) Current year tax charge/(credit) for the year 2,072 (2,329) Adjustment in respect of prior years - deferred taxation 97 4,654 Deferred taxation - capital allowances in excess of depreciation (see note 16) (790) 305 Adjustment due to proposed change in rate of UK corporation tax (655) (914) 724 1,716 Reconciliation of current year taxation charge Profit/(Loss) on ordinary activities before taxation (70) 1,728

Tax charge/(credit) on profit on ordinary activities (17) 472

Factors affecting charge: Expenses not deductible for taxation purposes 2,172 1,732 Capital allowances in excess of depreciation 9 (370) Prior period adjustments (92) (4,163) Current taxation charge/(credit) for the year 2,072 (2,329)

The Finance Act 2011, which provided for a 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. Furthermore, the Finance Act 2012 provided for a further reduction in the main rate of UK corporation tax from 26% to 24% effective from 1 April 2012, and was substantively enacted on 17 July 2012. The current tax charge therefore reflects the fall in rate to 24%, which gives an effective statutory tax rate of 25.33% for the period. 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 to 22% by 1 April 2014. These further reduction to the tax rates have not been substantively enacted at the balance sheet date and are therefore not reflected in these financial statements.

14 The All England Lawn Tennis Ground plc and subsidiary undertakings

013.07.003-14 Ground accounts.indd 14 19/12/2012 14:02 Deferred taxation is provided for at rates expected to apply when the timing differences reverse, based on current tax rates and law. The fall in corporation tax rate to 24% was substantively enacted by the balance sheet date, the deferred tax balances carried forward reflect the 24% rate.

9. Profit of Parent Company As permitted by Section 408 of the Companies Act 2006, 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 loss after taxation of £794,000 (2011: profit of £13,000) 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 (2011:£6,259,000), is a surplus of £35,819,000 (2011: £30,354,000).

10. tangible Fixed Assets Exhibits, Freehold films and land & Plant & library buildings equipment books Total The Group And The Company £000 £000 £000 £000 Cost At 1 August 2011 404,279 1,642 1,412 407,333 Additions during the year 1,769 - 85 1,854 Write down during the year (3,087) - - (3,087) Total at 31 July 2012 402,961 1,642 1,497 406,100

Depreciation At 1 August 2011 71,990 1,642 784 74,416 Charge for the year 11,760 - - 11,760 Total at 31 July 2012 83,750 1,642 784 86,176

Net book value 31 July 2012 319,211 - 713 319,924 31 July 2011 332,289 - 628 332,917

Depreciation is not charged on freehold land with a cost of £8,749,000 (2011: £8,749,000). The additions to fixed assets include £1,759,000 (2011: £15,027,000) 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 15).

11. investments held as Fixed Assets The Group The Company 2012 2011 2012 2011 £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 2011, the following undertakings were subsidiaries of the company:

Country of Class of % shares registration Activity share Held The All England Motor Park Limited England & Dormant Ordinary 100 Wales The Wimbledon Lawn Tennis Museum Limited England & Dormant Ordinary 100 Wales

The All England Lawn Tennis Ground plc and subsidiary undertakings 15

013.07.003-14 Ground accounts.indd 15 19/12/2012 14:02 Notes to the Financial Statements CONTINUED

12. Debtors The Group The Company 2012 2011 2012 2011 £000 £000 £000 £000 Falling due within one year: Trade debtors 32 30 32 30 Corporation tax debtor (see note 8) 204 1,736 204 1,736 Prepayments and accrued income 479 392 479 392 715 2,158 715 2,158

Due after more than one year: Amounts due from LTA (2011 – Unincorporated LTA) 6,059 6,059 6,059 6,059 Total Debtors 6,774 8,217 6,774 8,217

Under the 14 May 2009 agreement, the loan to the LTA is repayable on 1 August 2013.

13. amount due from The All England Lawn Tennis Club (Championships) Limited in respect of The Championships, Wimbledon The following related party transactions have occurred during the year ended 31 July 2012. The Group The Company £000 £000 Due at 1 August 2011 135 135 Facility fee payable 14,989 14,989 Interface costs payable (30) (30) VAT charged in year 3,140 3,140 Payments (19,056) (19,056) Sundry costs and receipts recharged 712 712 Due at 31 July 2012 (110) (110)

In accordance with FRS 8 ‘Related Party Disclosures’, transactions with other undertakings within the group have not been disclosed in these financial statements.

14. Other Creditors The Group The Company 2012 2011 2012 2011 £000 £000 £000 £000 VAT 576 648 576 648 Debenture creditors 287 713 287 713 Accruals and deferred income 679 2,545 679 2,545 Bank loan 5,000 10,000 5,000 10,000 6,542 13,906 6,542 13,906

15. Creditors: Amounts falling due after more than one year The Group The Company 2012 2011 2012 2011 £000 £000 £000 £000 Bank loan 35,000 40,000 35,000 40,000 The All England Motor Park Limited - - 21 21 Debentures: 2011-2015 Centre Court Series 5,000 5,000 5,000 5,000 Debentures: 2012-2016 No.1 Court Series 500 500 500 500 40,500 45,500 40,521 45,521

The bank 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 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 £nil (2011: £500,000).

16 The All England Lawn Tennis Ground plc and subsidiary undertakings

013.07.003-14 Ground accounts.indd 16 19/12/2012 14:02 16. Provisions for liabilities and charges Deferred taxation movement for the year: The Group The Company 2012 2011 2012 2011 £000 £000 £000 £000 At 1 August 16,378 12,333 16,378 12,333

Charge to profit and loss account Deferred Taxation - current year (790) 305 (790) 305 - prior year 97 4,654 97 4,654 - change in rate (655) (914) (655) (914) At 31 July 15,030 16,378 15,030 16.378

Analysis of deferred tax The Group The Company 2012 2011 2012 2011 £000 £000 £000 £000

Capital allowances in excess of depreciation 15,030 16,378 15,030 16,378 Closing balance 15,030 16,378 15,030 16,378

17. Called up Share Capital 2012 2011 £ £ 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

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.

18. other Reserves Debenture Championships Premium Rebuilding Other Reserve Reserve Reserves Total £000 £000 £000 £000 The Group At 1 August 2011 243,852 12,516 56 256,424 Debenture premiums received 8,250 - - 8,250 Transferred to profit and loss account - (6,259) - (6,259) At 31 July 2012 252,102 6,257 56 258,415

The Company At 1 August 2011 243,852 12,516 56 256,424 Debenture premiums received 8,250 - - 8,250 Transferred to profit and loss account - (6,259) - (6,259) At 31 July 2012 252,102 6,257 56 258,415

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.

The All England Lawn Tennis Ground plc and subsidiary undertakings 17

013.07.003-14 Ground accounts.indd 17 19/12/2012 14:02 Notes to the Financial Statements CONTINUED

19. Capital commitments The Group The Company 2012 2011 2012 2011 £000 £000 £000 £000 Contracted but not provided for in these accounts - 13,430 - 13,430 These capital commitments relate wholly to the Long Term Plan.

20. Reconciliation of operating profit to operating cash flows 2012 2011 £000 £000 Operating Profit 3,385 2,241 Depreciation charge 11,760 11,835 Decrease in amounts owed to/from The All England Lawn Tennis Club (Championships) Limited 245 - (Increase) in debtors (89) 2,513 (Decrease)/ Increase in creditors (2,317) 2,948 12,984 19,537

21. reconciliation of net cash flow to movement in net funds 2012 2011 £000 £000 Increase in cash in the year 8,486 8,234 Cash outflow from long term loans 10,000 15,000 Redemption of 2006-2010 Centre Court debenture series 9 4,547 Redemption of 2007-2011 No. 1 Court debenture series 417 - Third/ Second tranche 2011-2015 Centre Court debenture series - (22,500) Second/First tranche 2012-2016 No. 1 Court debenture series (8,250) (3,250) Change in net funds resulting from cash flows 10,662 2,031 Transfer debenture premiums to reserves 8,250 25,250 18,912 27,281 Net funds at 1 August 2011 and 1 August 2010 (35,027) (62,308) Net funds at 31 July (16,115) (35,027)

22. Analysis of net funds At 1 August At 31 July 2011 Cash Flow 2012 £000 £000 £000 Cash at bank and in hand 21,186 8,486 29,672 Long term loan (50,000) 10,000 (40,000) Debentures due within one year (713) 426 (287) Debentures due after one year (5,500) - (5,500) (35,027) 18,912 (16,115)

23. Reconciliation of movement in shareholders’ funds 2012 2011 The group and the company £000 £000 (Loss)/Profit for the year (794) 13 Premium on 2,500 Centre Court debentures - 22,500 Premium on 1,000 No. 1 Court debentures 8,250 2,750 Opening shareholders’ funds 286,836 261,573 Closing shareholders’ funds 294,292 286,836

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 2012 Championships was £2,505,667.

24. Pension Scheme All 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.

25. Controlling Party The beneficial ownership of The All England Lawn Tennis Ground plc rests jointly, 50% with the Club and 50% with the LTA.

18 The All England Lawn Tennis Ground plc and subsidiary undertakings

013.07.003-14 Ground accounts.indd 18 19/12/2012 14:02 THE GENTLEMEN’S SINGLES CHAMPIONSHIP 2012

CHAMPION 2011:

FIRST ROUND SECOND ROUND THIRD ROUND FOURTH ROUND QUARTER-FINALS SEMI-FINALS FINAL 1. Novak Djokovic [1] (1) (SRB) Novak Djokovic [1] ...... 6/3 6/3 6/1 2. (38) (ESP) Novak Djokovic [1] 3. (48) (USA) 6/4 6/4 6/4 Ryan Harrison ...... 4/6 6/3 6/4 6/2 4. Yen-Hsun Lu (56) (TPE) Novak Djokovic [1] 5. (80) (GER) 4/6 6/2 6/2 6/2 Benjamin Becker ...... 6/7(4) 7/5 6/0 6/4 6. (91) (USA) Radek Stepanek [28] 7. (85) (UKR) 6/2 7/6(4) 6/3 Radek Stepanek [28] ...... 6/1 1/0 Ret’d 8. Radek Stepanek [28] (27) (CZ E) Novak Djokovic [1] 9. [24] (23) (ESP) 6/3 6/1 6/3 ...... 7/5 7/6(5) 3/6 2/6 8/6 10. Viktor Troicki (34) (SRB) Viktor Troicki 11. Martin Klizan (62) (SVK) 6/4 4/6 5/7 7/6(3) 6/4 Martin Klizan ...... 7/5 3/6 7/6(6) 1/6 11/9 12. (83) (ARG) Viktor Troicki 13. Jeremy Chardy (57) (FRA) 7/5 7/5 6/3 Jeremy Chardy ...... 6/0 6/1 1/0 Ret’d 14. (79) (ITA) Juan Monaco [15] 15. (61) (ARG) 6/2 3/6 6/3 7/6(3) Juan Monaco [15] ...... 6/4 7/6(5) 7/6(5) 16. Juan Monaco [15] (14) (ARG) 17. Nicolas Almagro [12] (11) (ESP) Nicolas Almagro [12] . . . . 6/7(4) 3/6 7/6(4) 6/2 6/4 18. (66) (BEL) Nicolas Almagro [12] (Q) 19. Guillaume Rufin (168) (FRA) 6/2 5/7 6/2 6/4 6/4 6/1 Guillaume Rufin ...... 6/4 3/6 5/7 6/4 6/4 20. (63) (BEL) [18] [1] Djokovic Novak 21. (37) (ARG) 6/3 6/4 6/4 ...... 7/5 6/7(4) 6/3 7/6(2) (Q) 22. Ruben Bemelmans (131) (BEL) Richard Gasquet [18] 23. (84) (GER) 6/3 6/4 6/4 Richard Gasquet [18] ...... 6/2 6/2 6/2 24. Richard Gasquet [18] (19) (F RA) [31] 25. Florian Mayer [31] (29) (GER) 6/3 6/1 3/6 6/2 Florian Mayer [31] ...... 7/6(3) 6/2 6/3 26. (129) (RUS) Florian Mayer [31] 27. (101) (GER) 3/6 3/6 6/4 6/2 6/4 Philipp Petzschner ...... 6/4 6/4 6/2 28. Blaz Kavcic (74) (SLO) Florian Mayer [31] (Q) 29. (118) (ITA) 7/6(5) 3/6 2/6 6/3 7/5 ...... 3/6 6/3 6/3 6/3 (Q) 30. Jerzy Janowicz (136) (POL) Jerzy Janowicz 31. (87) (LAT) 2/6 6/4 3/6 7/6(2) 9/7 Ernests Gulbis ...... 7/6(5) 7/6(4) 7/6(4) 32. Tomas Berdych [6] (7) (CZE) 33. [3] (3) (SUI) Roger Federer [3] ...... 6/1 6/1 6/1 34. Albert Ramos (43) (ESP) Roger Federer [3] 35. (68) (ITA) 6/1 6/3 6/2

Fabio Fognini ...... 3/6 6/3 6/4 7/5 6/3 3/6 6/4 36. Michael Llodra (54) (FRA) Roger Federer [3] [3] Federer Roger (Q) 37. Adrian Menendez-Maceiras (212) (ESP) 4/6 6/7(3) 6/2 7/6(6) 6/1 ...... 6/3 6/1 7/6(7) (Q) 38. Michael Russell (112) (USA) [29] 39. Gilles Muller (53) (LUX) 7/6(4) 2/6 6/4 7/5 Julien Benneteau [29] ...... 6/2 7/5 7/6(4) 40. Julien Benneteau [29] (32) (F RA) Roger Federer [3] 41. [17] (16) (ESP) 7/6(1) 6/1 4/6 6/3 Fernando Verdasco [17] ...... 7/6(3) 6/4 7/5 (Q) 42. Jimmy Wang (207) (TPE) Fernando Verdasco [17] (WC) 43. Grega Zemlja (120) (SLO) 7/6(4) 7/6(4) 3/6 6/3 Grega Zemlja ...... 6/4 3/6 7/6(3) 6/4 (WC) 44. Josh Goodall (215) (GBR) 45. Xavier Malisse (75) (BEL) 1/6 7/6(5) 6/1 4/6 6/3 Xavier Malisse ...... 6/2 6/2 7/5 46. (72) (AUS) Xavier Malisse 47. Paul-Henri Mathieu (96) (FRA) 6/4 6/4 7/6(5) [13] ...... 6/3 5/4 Ret’d 48. Gilles Simon [13] (13) (FRA) 49. [11] (10) (USA) ...... 6/4 6/7(7) 3/6 7/6(7) 7/5 50. Alejandro Falla (73) (COL) Alejandro Falla 51. (86) (ITA) 6/4 6/3 4/6 4/6 7/5 6/1 6/2 ...... 6/3 5/7 6/7(3) 7/5 6/2 52. Nicolas Mahut (71) (FRA) [3] Federer Roger 53. (93) (RUS) 6/3 6/4 3/6 7/6(5) Igor Andreev ...... 1/6 7/6(4) 7/6(7) 7/5 (WC) 54. (491) (GBR) Denis Istomin 55. Denis Istomin (39) (UZB) 6/3 7/6(3) 4/6 6/2 Denis Istomin ...... 6/7(2) 6/4 3/6 6/3 8/6 56. [23] (26) A) (IT [26] 57. Mikhail Youzhny [26] (33) (RUS) 6/3 5/7 6/4 6/7(5) 7/5 Mikhail Youzhny [26] ...... 4/6 6/3 6/2 6/3 58. (51) (USA) Mikhail Youzhny [26] (Q) 59. Inigo Cervantes (152) (ESP) 6/1 6/3 6/4 Inigo Cervantes ...... 2/6 6/7(4) 6/3 6/2 6/1 60. (89) (ITA) Mikhail Youzhny [26] (Q) 61. (130) (USA) 6/3 6/4 3/6 6/3 Ryan Sweeting ...... 6/2 2/0 Ret’d 62. (97) (ITA) Janko Tipsarevic [8] 63. (40) (ARG) 5/7 7/5 6/4 6/2 Janko Tipsarevic [8] ...... 6/4 7/6(4) 6/2 64. Janko Tipsarevic [8] (8) (SRB) 65. [7] (5) (ESP) David Ferrer [7] ...... 7/6(5) 6/4 6/4 (Q) 66. (164) (GER) David Ferrer [7] (Q) 67. Kenny De Schepper (160) (FRA) 7/6(1) 6/2 6/4 Kenny De Schepper ...... 6/4 6/2 6/2 68. (110) (GER) David Ferrer [7] (LL) 69. (135) (USA) 2/6 7/6(8) 6/4 6/3 4/6 7/5 6/3 6/4

Bjorn Phau ...... 6/3 3/6 6/7(3) 6/3 6/4 [3] Federer Roger 70. Bjorn Phau (88) (GER) [30] (WC) 71. (186) (GBR) 6/3 7/6(1) 6/3 Andy Roddick [30] ...... 7/6(1) 6/4 7/5 72. Andy Roddick [30] (25) (USA) David Ferrer [7] 73. [19] (20) (JPN) 6/3 6/2 6/3 Kei Nishikori [19] ...... 7/5 6/3 6/4 74. (52) (KAZ) Kei Nishikori [19] (Q) 75. Andrey Kuznetsov (151) (RUS) 6/3 7/5 6/2 ...... 3/6 7/6(3) 6/4 4/6 6/4 (Q) 76. Florent Serra (137) (FRA) Juan Martin Del Potro [9] 77. (58) (JPN) 6/3 7/6(3) 6/1 Go Soeda ...... 6/3 6/2 6/1 78. (116) (RUS) Juan Martin Del Potro [9] 79. (41) (NED) 6/2 6/3 1/6 6/4 Juan Martin Del Potro [9] ...... 6/4 3/6 7/6(3) 7/5 80. Juan Martin Del Potro [9] (9) (ARG) 81. Marin Cilic [16] (18) ) (CRO Marin Cilic [16] ...... 6/4 3/6 6/3 6/2 82. Cedrik-Marcel Stebe (77) (GER) Marin Cilic [16] 83. (65) (JPN) 7/6(4) 6/2 6/1

Lukasz Kubot ...... 7/6(6) 6/3 6/3 [4] 84. Lukasz Kubot (49) (POL) Marin Cilic [16] 85. (104) (CAN) 7/6(6) 6/4 6/7(2)

Sam Querrey ...... 7/5 6/7(5) 6/3 6/4 6/7(5) 7/6(6) 6/4 7/6(4) 86. (64) (USA) Sam Querrey 6/7(3) 17/15 87. (45) (COL) 6/7(3) 7/6(7) 7/6(8) 6/4 [21] ...... 6/4 6/4 6/4 88. Milos Raonic [21] (22) (CAN) Andy Murray [4] 89. [32] (31) (RSA) 7/5 6/2 6/3 ...... 7/5 7/6(3) 6/7(4) 6/3 90. Grigor Dimitrov (69) (BUL) 91. Albert Montanes (90) (ESP) 7/5 4/1 Ret’d Marcos Baghdatis ...... 6/2 6/4 6/4 92. Marcos Baghdatis (42) (CYP) Andy Murray [4] 93. Ivo Karlovic (59) (CRO) 7/5 3/6 7/5 6/1 Ivo Karlovic ...... 6/4 6/4 7/6(5) 94. (108) (ISR) Andy Murray [4] 95. (47) (RUS) 7/5 6/7(5) 6/2 7/6(4) Andy Murray [4] ...... 6/1 6/1 6/4 96. Andy Murray [4] (4) (GBR) 97. Jo-Wilfried Tsonga [5] (6) (FRA) Jo-Wilfried Tsonga [5] ...... 6/3 6/4 6/4 (WC) 98. (202) (AUS) Jo-Wilfried Tsonga [5] 99. Edouard Roger-Vasselin (67) (FRA) 6/7(3) 6/4 6/1 6/3 6/3 6/4 3/6 7/5

Guillermo Garcia-Lopez . . .6/7(2) 6/3 7/6(4) 5/7 10/8 [4] Andy Murray 100. Guillermo Garcia-Lopez (92) (ESP) Jo-Wilfried Tsonga [5] 101. Lukas Lacko (60) (SVK) 6/4 6/3 6/3 Lukas Lacko ...... 7/6(4) 6/1 6/3 102. (81) (ROU) Lukas Lacko 103. Jurgen Melzer (35) (AUT) 6/4 6/7(4) 3/6 6/3 6/4 Jurgen Melzer ...... 3/6 7/6(2) 2/6 6/4 8/6 104. Stanislas Wawrinka [25] (24) (S UI) Jo-Wilfried Tsonga [5] 105. [20] (28) US) (A 4/6 7/6(4) 6/4 6/4 ...... 3/6 6/3 6/4 6/4 (WC) 106. David Goffin (70) (BEL) David Goffin (Q) 107. (106) (USA) 4/6 6/4 6/1 6/3 Jesse Levine ...... 6/4 6/7(6) 6/3 6/2 108. (94) (SVK) [10] (WC) 109. (173) (GBR) 6/3 7/6(6) 7/6(6) James Ward ...... 4/6 6/0 3/6 6/3 6/3 110. Pablo Andujar (36) (ESP) Mardy Fish [10] 111. Ruben Ramirez Hidalgo (82) (ESP) 6/3 5/7 6/4 6/7(3) 6/3 Mardy Fish [10] ...... 7/6(3) 7/5 7/6(1) 112. Mardy Fish [10] (12) (USA) 113. Feliciano Lopez [14] (17) (ESP) ...... 7/6(4) 3/6 7/6(5) 6/4 114. Jarkko Nieminen (44) (FIN) (Q) 115. Brian Baker (126) (USA) 6/0 6/2 6/4 Brian Baker ...... 7/6(2) 6/4 6/0 116. (96) (POR) Brian Baker 7/6(5) 4/6 7/6(3) 6/2 117. (76) (AUS) 6/4 4/6 6/1 6/3 [5] Tsonga Jo-Wilfried Benoit Paire ...... 6/1 6/3 6/7(1) 6/3 118. Benoit Paire (55) (FRA) Benoit Paire 119. Alex Bogomolov Jr.(46) (RUS) 7/6(2) 6/4 6/4 [22] ...... 6/3 6/4 7/5 120. Alexandr Dolgopolov [22] (21) (UKR) [27] 121. Philipp Kohlschreiber [27] (30) (GER) 6/1 7/6(4) 6/3 Philipp Kohlschreiber [27] 3/6 7/6(8) 6/7(5) 7/6(1) 6/2 (WC) 122. (50) (GER) Philipp Kohlschreiber [27] (Q) 123. (95) (EST) 6/1 7/6(2) 6/1 ...... 4/6 4/6 6/3 6/4 9/7 124. Malek Jaziri (78) (TUN) Philipp Kohlschreiber [27] 125. Lukas Rosol (100) (CZE) 6/2 6/3 7/6(6) Lukas Rosol ...... 6/4 3/6 7/6(0) 7/5 126. (99) (CRO) Lukas Rosol 127. (80) (BRA) 6/7(9) 6/4 6/4 2/6 6/4 [2] ...... 7/6(0) 6/2 6/3 128. Rafael Nadal [2] (2) (ESP)

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 TA P Tour Ranking. (WC) = . (Q) = Qualifier. (LL) = .

The All England Lawn Tennis Ground plc and subsidiary undertakings 19

013.07.003-14 Ground accounts.indd 19 19/12/2012 14:02 THE LADIES’S SINGLES CHAMPIONSHIP 2012

CHAMPION 2011: PETRA KVITOVA

FIRST ROUND SECOND ROUND THIRD ROUND FOURTH ROUND QUARTER-FINALS SEMI-FINALS FINAL 1. [1] (1) ...... (RUS) Maria Sharapova [1] ...... 6/2 6/3 2. (133) ...... (AUS) Maria Sharapova [1] (Q) 3. (206) ...... (SRB) 7/6(3) 6/7(3) 6/0 ...... 5/7 6/0 7/5 4. Tsvetana Pironkova (38) ...... (B UL) Maria Sharapova [1] 5. Su-Wei Hsieh (63) ...... (TPE) 6/1 6/4 Su-Wei Hsieh ...... 6/2 6/4 (WC) 6. (91) ...... (FRA) Su-Wei Hsieh 7. Stephanie Foretz Gacon (75) ...... (FRA) 6/4 6/1 Stephanie Foretz Gacon . . . . 6/4 3/6 6/3 8. [29] (33) ...... (ROU) [15] 9. Petra Cetkovska [23] (25) ...... (CZE) 6/4 6/3 Petra Cetkovska [23] ...... 6/4 6/2 10. (61) ...... (USA) 11. Sloane Stephens (59) ...... ( USA) 7/6(6) 4/6 6/3 Sloane Stephens ...... 6/2 6/2 (Q) 12. Karolina Pliskova (119) ...... (CZ. E) Sabine Lisicki [15] 13. Bojana Jovanovski (117) ...... (SRB) 7/6(5) 1/6 6/2 Bojana Jovanovski . . . . 5/7 6/3 2/0 Ret’d 14. (88) ...... (G RE) Sabine Lisicki [15] 15. Petra Martic (45) ...... (CRO) 3/6 6/2 8/6 Sabine Lisicki [15] ...... 6/4 6/2 erber [8] 16. Sabine Lisicki [15] (15) ...... (GER) 17. [12] (12) ...... (RUS) Vera Zvonareva [12] . . . . . 2/6 7/6(3) 6/4 18. (39) ...... (GER) Vera Zvonareva [12] 19. Edina Gallovits-Hall (107) ...... (ROU) 6/1 3/6 6/1 Silvia Soler-Espinosa ...... 4/6 6/4 10/8 6/3 6/7(7) 7/5 20. Silvia Soler-Espinosa (67) ...... (ESP) 21. Kai-Chen Chang (111) ...... (TPE) 6/3 4/3 Ret’d Angelique K Andrea Hlavackova ...... 6/1 6/2 22. Andrea Hlavackova (90) ...... (CZE) Kim Clijsters 23. Kim Clijsters (47) ...... (BEL) 6/3 6/3 Kim Clijsters ...... 6/2 6/4 24. Jelena Jankovic [18] (21) ...... (SRB) [8] 25. Christina McHale [28] (32) ...... (USA) 6/1 6/1 Christina McHale [28] . . . 6/7(4) 6/2 10/8 (WC) 26. (212) ...... (GBR) Christina McHale [28] 27. (99) ...... ( UKR) 7/5 7/5 ...... 3/6 6/0 6/3 28. Mathilde Johansson (81) ...... (F. RA) Angelique Kerber [8] 29. (44) ...... ( RUS) 6/2 6/3 Ekaterina Makarova ...... 6/2 3/6 6/3 30. (113) ...... (ITA) Angelique Kerber [8] 31. Lucie Hradecka (68) ...... (CZE) 7/5 6/3 Angelique Kerber [8] ...... 6/4 6/1 32. Angelique Kerber [8] (8) ...... (GER) 33. Agnieszka Radwanska [3] (3) . . . . . (POL) Agnieszka Radwanska [3] ...... 6/3 6/3 34. Magdalena Rybarikova (122) . . . . . (SV. K) Agnieszka Radwanska [3] 6/3 6/4 35. (58) ...... ( USA) 6/2 6/1 ...... 6/1 6/3 36. Elena Vesnina (79) ...... (RUS) Agnieszka Radwanska [3] 37. Iveta Benesova (55) ...... (CZE) 6/0 6/2

Heather Watson ...... 6/2 6/1 [3] Radwanska Agnieszka 38. (103) ...... (GB R) Heather Watson 39. Jamie Lee Hampton (100) ...... ( USA) 6/1 6/4 Jamie Lee Hampton ...... 6/4 7/6(1) 40. Daniela Hantuchova [27] (29) . . . . . (SVK) Agnieszka Radwanska [3] 41. [20] (20) ...... (RUS) 6/2 6/3 Nadia Petrova [20] ...... 6/0 6/2 (Q) 42. (189) ...... (ITA) Nadia Petrova [20] 43. Timea Babos (69) ...... (HUN) 6/4 6/7(3) 9/7 Timea Babos ...... 6/4 4/6 6/3 (WC) 44. (123) ...... (USA) 45. (115) ...... (THA) 6/3 7/6(6) ...... 6/4 6/2 46. Anna Tatishvili (73) ...... (GEO) Camila Giorgi (Q) 47. Camila Giorgi (145) ...... (I.TA) 6/3 6/1 Camila Giorgi ...... 6/4 6/3 48. [16] (17) ...... (ITA) 49. Na Li [11] (11) ...... (CHN) Na Li [11] ...... 6/3 6/1 50. (41) ...... (.KAZ) Sorana Cirstea 51. Sorana Cirstea (52) ...... (ROU) 6/3 6/4 7/5 4/6 Sorana Cirstea ...... 6/4 6/1 52. (70) ...... (F RA) [17] (WC) 53. (228) ...... (GBR) 6/3 6/1

Lourdes Dominguez Lino . . . . . 6/4 7/6(4) [3] Radwanska Agnieszka 54. Lourdes Dominguez Lino (71) . . . . .( ESP) Maria Kirilenko [17] 55. Alexandra Cadantu (84) ...... (ROU) 6/1 6/2 Maria Kirilenko [17] ...... 6/3 6/1 56. Maria Kirilenko [17] (19) ...... (RUS) Maria Kirilenko [17] 57. Shuai Peng [30] (34) ...... (CHN) 6/1 6/7(6) 6/3 Shuai Peng [30] ...... 6/2 6/7(3) 6/3 (Q) 58. Sandra Zaniewska (160) ...... (P OL) Shuai Peng [30] 59. Jarmila Gajdosova (76) ...... (A. US) 7/6(4) 6/3 ...... 6/4 6/3 60. Ayumi Morita (85) ...... (JPN) Shuai Peng [30] 61. (72) ...... (NED) 6/1 6/2 Arantxa Rus ...... 7/5 6/3 (LL) 62. (105) ...... (JPN) Arantxa Rus 63. Carla Suarez Navarro (40) ...... (ESP) 6/2 0/6 6/4 [5] ...... 6/1 6/3 64. Samantha Stosur [5] (5) ...... (AUS) 65. [6] (6) ...... (USA) Serena Williams [6] ...... 6/2 6/4 66. Barbora Zahlavova Strycova (62) . . . (CZ. E) Serena Williams [6] 67. (92) ...... (SWE) 6/1 6/4 ...... 6/0 6/2 (Q) 68. Melinda Czink (98) ...... (HUN) Serena Williams [6]

6/1 5/7 6/2 69. (94) ...... (RUS) 6/7(5) 6/2 9/7 ...... 6/2 7/5 70. Aleksandra Wozniak (56) ...... (CAN) Jie Zheng [25] [6] Williams Serena 71. Stephanie Dubois (109) ...... (CAN) 6/4 6/2 Jie Zheng [25] ...... 4/6 6/4 6/3 72. Jie Zheng [25] (27) ...... (CHN) Serena Williams [6] 73. Lucie Safarova [19] (22) ...... (CZE) 6/1 2/6 7/5 ...... 6/3 6/0 74. Kiki Bertens (86) ...... (.NED) 75. (43) ...... (RSA) 6/4 6/4 Yaroslava Shvedova ...... 7/6(5) 7/6(5) (WC) 76. Yaroslava Shvedova (65) ...... (KAZ) Yaroslava Shvedova 77. Laura Pous-Tio (102) ...... (ESP) 6/0 6/4 ...... 6/3 6/3 78. Anne Keothavong (77) ...... (GBR) [10] (Q) 79. Coco Vandeweghe (132) ...... (USA) 6/1 6/1 Sara Errani [10] ...... 6/1 6/3 80. Sara Errani [10] (10) ...... (ITA) 81. Dominika Cibulkova [13] (13) . . . . . (SVK) Klara Zakopalova ...... 6/4 6/1 82. Klara Zakopalova (31) ...... (CZE) Klara Zakopalova 6/3 7/5 83. (95) ...... (BLR) 2/6 6/1 6/2 Olga Govortsova ...... 6/3 3/6 6/3 (Q) 84. (169) ...... (GER) [24]

[6] Williams Serena 85. (46) ...... (SLO) 6/0 6/4 Kristyna Pliskova ...... 6/2 6/2 (Q) 86. Kristyna Pliskova (148) ...... (CZE) Francesca Schiavone [24] (WC) 87. (97) ...... (GBR) 6/4 6/4 Francesca Schiavone [24] . . . . 2/6 6/4 6/4 88. Francesca Schiavone [24] (26) . . . . . (ITA) Petra Kvitova [4] 89. [31] (30). . . . .(RUS) 4/6 7/5 6/1 Anastasia Pavlyuchenkova [31] . . . 6/1 6/2 90. (48) ...... (SWE) 91. Patricia Mayr-Achleitner (93) . . . . . (A. UT) 7/6(4) 6/4 Varvara Lepchenko ...... 6/2 6/3 92. Varvara Lepchenko (53) ...... (USA) Petra Kvitova [4] 93. (101) ...... (GBR) 6/1 6/0 Elena Baltacha ...... 4/6 6/4 6/0 94. (112) ...... (ITA) Petra Kvitova [4] 95. (96) ...... (.UZB) 6/0 6/4 Petra Kvitova [4] ...... 6/4 6/4 96. Petra Kvitova [4] (4) ...... (CZE) 97. [7] (7) ...... (DEN) ...... 5/7 7/6(4) 6/4 98. Tamira Paszek (37) ...... (A. UT) Tamira Paszek 99. Alize Cornet (60) ...... (F RA) 6/2 6/1 6/3 7/6(6) Alize Cornet ...... 6/0 7/6(1) 100. (89) ...... (RUS) Tamira Paszek

[6] Williams Serena 101. Greta Arn (104) ...... (HUN) 2/6 7/6(4) 7/5 ...... 6/4 6/2 102. Galina Voskoboeva (57) ...... (KAZ) 103. Yanina Wickmayer (36) ...... (BEL) 4/6 6/3 8/6 Yanina Wickmayer ...... 6/2 6/3 104. [32] (35) . . . . .(RUS) Tamira Paszek 105. [21] (23) ...... (ITA) 6/2 6/2 Roberta Vinci [21] ...... 6/2 6/4 (WC) 106. (258) ...... (AUS) Roberta Vinci [21] 107. Urszula Radwanska (54) ...... (P OL) 6/4 6/3 Marina Erakovic ...... 6/4 6/4 108. Marina Erakovic (49) ...... (NZL) Roberta Vinci [21] (Q) 109. Mirjana Lucic (129) ...... (CRO) 7/6(4) 7/6(3) Mirjana Lucic ...... 4/6 6/3 6/4 110. (74) ...... (RUS) Mirjana Lucic 111. (108) ...... (A. US) 6/4 6/3 [9] ...... 6/2 6/4 112. Marion Bartoli [9] (9) ...... (FRA) 113. [14] (14) ...... (SRB) Ana Ivanovic [14] ...... 6/3 3/6 6/3 114. Maria Jose Martinez Sanchez (51) . . . (ESP) Ana Ivanovic [14] 115. -Krumm (82) ...... (JPN) 6/3 7/6(3) 6/3 7/6(4) . . . . . 5/7 6/3 6/3

116. Kateryna Bondarenko (66) ...... (.UKR) Ana Ivanovic [14] [2] Azarenka ictoria 117. (110) ...... (BLR) 3/6 6/3 6/4 V Anastasiya Yakimova ...... 4/6 6/3 6/3 118. (83) ...... (LUX) Julia Goerges [22] 119. Shahar Peer (50) ...... (IS R) 7/6(3) 6/2 Julia Goerges [22] ...... 6/2 6/2 120. Julia Goerges [22] (24) ...... (GER) [2] 121. [26] (28) . . .(ESP) 6/1 6/0 Anabel Medina Garrigues [26] . 3/6 6/1 6/2 122. (42) ...... (ROU) Jana Cepelova (Q) 123. Jana Cepelova (178) ...... (SVK) 6/7(7) 7/6(5) 6/3 Jana Cepelova ...... 6/3 3/6 6/1 (Q) 124. (157) ...... (FRA) Victoria Azarenka [2] 125. Irina-Camelia Begu (64) ...... (ROU) 6/3 6/3 ...... 7/6(3) 6/4 126. Romina Oprandi (87) ...... (S UI) Victoria Azarenka [2] 127. (78) ...... (.USA) 6/2 6/0 Victoria Azarenka [2] ...... 6/1 6/4 128. Victoria Azarenka [2] (2) ...... (BLR)

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.

20 The All England Lawn Tennis Ground plc and subsidiary undertakings

013.07.003-14 Ground accounts.indd 20 19/12/2012 14:02 013.07.003-14 Ground accounts.indd 21 19/12/2012 14:02 013.07.003-14 Ground accounts.indd 22 19/12/2012 14:02