Page 99 - KZN Film Annual Report 2023/2024
P. 99
KWAZULU-NATAL FILM COMMISSION
Notes to the Financial Statements (continued)
7. Property, plant and equipment
Furniture and fixtures
Motor vehicles
Office equipment
IT equipment
Leasehold improvements
Production and development equipment
Total
1
2 1
575 910
- 497 484
795 202 707 846
569 325
Reconciliation of property, plant and equipment - 2023
Furniture and fixtures Office equipment
IT equipment
Leasehold improvements
Production and development equipment
Opening balance 394 219 202 222 572 342 507 237 21 989
1 698 009
Disposals
- (260) 17 250 - 494 401 (44 914) -- --
511 651 (45 174)
Depreciation (142 116) (63 693) (517 280) (112 720) (11 489)
(847 298)
- (26 701) -
-
(27 384)
7 800 45 352 9 218
7 000
80 216
(Registration number M3/15/32 (834/15)) Annual Financial Statements for the year ended 31 March 2024
Figures in Rand
2024
2023
Cost / Valuation
1 519 492
595 115 559 852
3 243 751 707 846
1 569 325
8 195 381
2024
Accumulated depreciation and accumulated impairment
(1 370 697)
(9 919) (391 747)
(2 306 595) (416 830)
(1 560 438)
(6 056 226)
Carrying value
148 795
585 196 168 105
937 156 291 016
8 887
2 139 155
Cost / Valuation
2023
Accumulated depreciation and accumulated impairment
(1 324 067)
- (341 705)
(2 290 653) (313 329)
(1 558 825)
(5 828 579)
Depreciation
(102 365) (9 919) (82 891) (393 425) (103 501)
(1 613)
(693 714)
Carrying value
251 843
- 155 779
504 549 394 517
10 500
1 317 188
Total
148 795 585 196 168 105 937 156 291 016
8 887
2 139 155
Total
251 843
155 779 504 549 394 517
10 500
1 317 188
Reconciliation of property, plant and equipment - 31 March 2024
7 145 767
Other changes, movements
(10 846) - (7 800) (45 352) (9 218)
(7 000)
(80 216)
Furniture and fixtures
Motor vehicles
Office equipment
IT equipment
Leasehold improvements
Production and development equipment
(683) --
Opening balance
251 843 - 155 779 504 549 394 517
10 500
1 317 188
Additions
- 595 115 79 567 868 383 -
-
1 543 065
Disposals
Change in estimates
10 846
Additions
97 ANNUAL REPORT
2023/2024
