Page 109 - KZN Film Annual Report 2023/2024

KWAZULU-NATAL FILM COMMISSION
Notes to the Financial Statements (continued)
30. Cash used in operations
Deficit
Adjustments for:
Depreciation and amortisation
Loss on sale of assets and liabilities
Fair value adjustments
Impairment deficit
Debt impairment
Movements in operating lease assets and accruals Movements in provisions
Changes in working capital:
Receivables from exchange transactions Consumer debtors
Other receivables from non-exchange transactions Prepayments
Payables from exchange transactions
Taxes and transfers payable (non-exchange)
31. Risk management
Financial risk management
Capital Management
(27 882 637)
697 205 12 315 769 613 - 1 696 - 27 394
(630 460) (1 696) 100 (108 801) (3 005 496) (2 831) (30 123 599)
(28 490 486)
887 253 13 400 (672 358) 1 500 000 - 151 255 504 363
(99 450) - - (518 634) 3 664 495 1 979 (23 058 180)
(Registration number M3/15/32 (834/15)) Annual Financial Statements for the year ended 31 March 2024
Figures in Rand
2024
2023
The entity manages its capital to ensure that the entity will be able to continue as a going concern while maximising the return to stakeholders through the optimisation of the assets. The entity’s overall strategy remains unchanged. The entity is not subject to any externally imposed capital requirements.
Cash and Cash Equivalents
Prepayments
Sundry Debtors
Receivables from exchange transactions (Production Funding) Receivables from non-exchange transactions
4 229 862 906 722 45 364 1 128 245 136 6 310 329
35 881 457 797 921 360 559 182 590 236 37 222 763
107
ANNUAL REPORT
2023/2024