Page 102 - KZN Film Annual Report 2023/2024

KWAZULU-NATAL FILM COMMISSION
(Registration number M3/15/32 (834/15))
Annual Financial Statements for the year ended 31 March 2024
Notes to the Financial Statements (continued)
12. Provisions
Reconciliation of provisions - 2024
Opening Balance Other provisions 2 606 302
Reconciliation of provisions - 2023
Additions
2 633 696
Additions
2 606 302
Utilised during the year (2 606 302)
Utilised during the year (2 101 939)
21 040 214 047 4 783 688 1 504 593 - 84 907 000 91 430 368
Total
2 633 696
Total
2 606 302
29 953 234 508 603 298
3 058 963 672 358 85 705 000 90 304 080
29 953 234 508 603 298
3 058 963 672 358 4 599 080
85 705 000 29 953
234 508
Figures in Rand
2024
2023
Other provisions
13. Revenue
Opening Balance
2 101 939
Rendering of services
Rental of facilities and equipment Other income
Interest received - investment Impairment loss reversal Government grants & subsidies
The amount included in revenue arising from exchanges of goods or services are as follows: Rendering of services
Rental of facilities and equipment
Other income
21 040 214 047 4 783 688 1 504 593 Impairment - 6 523 368
Interest received - investment
The amount included in revenue arising from non-exchange transactions is as follows: Government grants & subsidies
14. Rendering of services
Services Rendered - KZN Film Cluster
Services Rendered
The amount relates to income generated from KZN Film Cluster tenants for parking services.
15. Rental of facilities and equipment
Rental of office space
Rental Income
Rental income relates to letting of office space and equipment hire at the KZN Film Cluster.
84 907 000 21 040
214 047
ANNUAL REPORT 2023/2024 100