Page 63 - KZN Film Annual Report 2023/2024

KWAZULU-NATAL FILM COMMISSION
Late and/or Non-Payment of Suppliers
Description
Number of invoices
Consolidated Value
R’000
Valid invoices received
1215
84,096,705.47
Invoices paid within 30 days or agreed period
1197
83,547,232.47
Invoices paid after 30 days or agreed period
18
549,473.00
Invoices older than 30 days or agreed period (unpaid and without dispute)
-
-
Invoices older than 30 days or agreed period (unpaid and in dispute)
-
-
Reason for Over Day Payment:
• Suppliers are sending invoices late to remedy such we now turn back all late invoices with current dates. • System glitches as we moved to cloud.
Supply Chain Management
Procurement by other means
Contract variations and expansions
During the 2023/2024 financial contract variations amounted to R3,996,678.80. Deviation amounted to R7,028,289.55
Project description
Name of supplier
Type of procurement by other means
Contract number
Value of contract R’000
Various
Various
Sole Supplier/Single Sourcing
Various
R7,028,289.55
Total
R7,028,289.55
61 ANNUAL REPORT 2023/2024