Page 86 - 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
Notes to the Financial Statements (continued)
Figures in Rand
2021
2020
7. Property plant and equipment
Cost
4,104,218
463,978 2,659,441
2021
Accumulated Carrying Depreciation Value
Cost
4,111,302
302,270 2,263,826
2020
Accumulated Carrying Depreciation Value
Furniture and fixtures
Office equipment IT equipment
Leasehold improvements
(3,043,023)
(219,940) (2,189,782)
1,061,195
244,038 469,659
38,471 128,853
(2,417,458)
(175,344) (1,916,543)
1,693,844
126,926 347,283
714,927 260,753
3,143,733 Total
3,598,991 (3,560,520)
3,598,991 (2,884,064)
Production and
development 1,883,108 equipment
(1,754,255)
2,026,799
12,303,188
Change in estimate
12,450
7,944 (28,968)
108,553 (76,938)
Correction of prior year error
6,168 10,022 20,779 26,838
117,375
181,182
(1,766,046)
(9,159,455) Depreciation
12,709,736
(10,767,520)
1,942,216
Total
Reconciliation of property, plant and equipment - 31 March 2021
Opening Balance
Additions
Disposals
(1,966)
(6,634) (181)
- (15,749)
Furniture and fixtures
Office equipment IT equipment
Leasehold improvements
1,693,844 -
(643,133) 1,061,195
126,926 347,283
194,882 405,381
(79,079) (253,856)
244,038 469,659
714,927 -
(785,009) 38,471
Production and
development 260,752
-
(39,213)
Depreciation
(671,317) (50,083) (291,305) (785,009)
(255,853)
128,853
1,942,216 Total
1,693,844 126,926 347,283 714,927
260,752
equipment
3,143,732
600,263
(24,530) 23,041 (1,800,290)
Reconciliation of property, plant and equipment - 31 March 2020
Furniture and fixtures
Office equipment
IT equipment
Leasehold improvements
Production and development equipment
Opening Balance
2,358,993 99,463 499,777 1,473,089
399,231
4,830,553
Additions Disposals
- - 87,125 (19,600) 118,032 - - -
- -
205,157 (19,600)
(2,053,567) 3,143,732
84
KZN FILM COMMISSION ANNUAL REPORT 2020/2021