Page 106 - 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)
20. Employee related costs (continued)
Non-Executive Employee Costs
Cost of Employment Perfomance Bonus Company Contribution Cellphone reimbursment Leave expense
Total employee related costs
Executive Management
The note refers to disclosure made to executive management allocations for the period.
Termination benefit
21 802 796 2 189 005 2 920 774
350 200 (119 535) 27 143 240 34 419 369
21 791 841 2 157 801 2 698 855
476 879 66 019 27 191 395 34 062 086
Figures in Rand
2024
2023
The KZNFilm contributes to the Alexander Forbes Provident Fund. Membership is compulsory for all permanent employees. The fund is a defined contribution plan and the employees contributes 5% as a minimum of the pensionable remuneration. Included in the employee costs disclosed above is an amount paid over for the provident fund (see the table below for details).
Performance bonus
Perfomance bonuses paid were in relation to 2022/23 financial year. Defines provident fund contribution plan
The entity operates a defined contribution plan in th form of a provident fund scheme, covering all qualifying employees.
The assets of the scheme are held seperately from those of the entity and are administered by the scheme’s trustees. The entity’s contribution to the defined contribution fund are included in the staff costs and charged to the Statement of Financial Perfomance during the year to which they relate.
Executive Management
Non - Executive employees
Defined provident fund contribution plan
21. Marketing and Projects
Marketing and Projects
Advertising and Promotions
Branding and Marketing
Familiarisation Tours
Location and facilities
Simon Mabhunu Sabela - Film Festival
Special projects -Audience Development - Funding of Film Industry Marketing Support (FIMS)
Special projects - Film festivals Durban Film Festival
778 617 2 461 357 3 239 974
18 317 567 5 590 047 3 384 253
726 521
491 067 3 546 741 756 989
3 821 951 -
2
2
18 1 4
1 6 1
3
669 580 235 578 905 158
058 827 694 261 028 206 166 630 004 600 044 377 261 988
008 764 850 000
ANNUAL REPORT
2023/2024
104