Page 122 - 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)
46. Expenditure incurred to repair and maintain property, plant and equipment
Leasehold Improvement 79 567 -
GRAP 17 par 88 was applied in the disclosure to report on expenditure incurred to repair and maintain property plant and equipment.
The entity’s property plant and equipment consists of:
- Furniture and fittings
- Computer equipment
- Leasehold improvements
- Production equipment
- Office Equipment
The incurred repairs and maintenance expenditure were only to restore assets to their previous operating condition or to keep the assets to their current operating condition, there were no improvements made on the assets.
Figures in Rand
2024
2023
ANNUAL REPORT 2023/2024 120