Page 62 - KZN Film A Report

KWAZULU-NATAL FILM COMMISSION
(Registration number M3/15/32 (834/15))
Annual Financial Statements for the year ended 31 March 2021
Statement of Financial Performance
Figures in Rand Note(s)
Revenue
Revenue from exchange transactions
Rendering of services 14 Rental of facilities and equipment 15 Interest received - investment 16 Other income 17 Total revenue from exchange transactions
Revenue from non-exchange transactions
Transfer revenue
Government grants and subsidies 18 Total revenue
Expenditure
Board and committee members costs 19 Employee related costs 20 Finance costs 21 Marketing and projects 22 Depreciation and amortisation 23 Doubtful debts 24 Operating expenses 25 Audit fees 26 Production and development costs 27 Bad debts written off
Research and development 28
Total expenditure
Operating surplus
Loss on disposal of assets and liabilities 7 Surplus for the year
• See Note 40
2021
7,104 141,830 1,953,336 2,437,309 4,539,579
83,548,000
88,087,579
(1,037,317) (26,404,527) (2,562) (6,372,367) (1,960,091) - (13,525,397) (916,470) (23,293,603) (31,703) (570,117) (74,114,154) 13,973,425 (34,663) 13,938,762
2020 Restated*
48,770 271,505 1,797,313 2,180,415 4,298,003
90,538,000
94,836,003
(986,804) (22,511,454) (951) (14,127,976) (2,301,327) (286,000) (15,261,981) (1,709,934) (19,145,376) - (525,612) (76,857,415) 17,978,588 (19,600) 17,958,988
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KZN FILM COMMISSION ANNUAL REPORT 2020/2021