Page 89 - KZN Film A Report

Notes to the Financial Statements (continued)
12. Payables from exchange transactions
Trade payables
Accrued expenses
Deposits on cluster rentals Leave pay provision
Debtors with credit balances
The ageing of trade payables as at reporting date is as follows: 30 days
30 - 60 days
60 - 90 days
13. Payables from non exchange transactions
Medical Aid
Medical Aid
The medical aid is deducted in arrears, which will be paid in April 2021.
14. Rendering of services
KWAZULU-NATAL FILM COMMISSION
(Registration number M3/15/32 (834/15)) Annual Financial Statements for the year ended 31 March 2021
Figures in Rand
2021
2020
930,161 1,183,985 - 708,916 1,524 2,824,586
895,048 34,119 995 930,162
35,407
7,104 The amount of R7,140 relates to income generated from KZN Film Cluster tenants for parking services.
1,802,785 753,617 8,751 667,760 - 3,232,913
1,802,784 - - 1,802,784
42,312
48,770
263,580 7,925 271,505
1,797,313
1,797,313
Services Rendered - KZN Film Cluster
Services Rendered
15. Rental of facilities and equipment
Rental of office space Rental of equipment
Rental Income
Rental income relates to letting of office space and equipment hire at the KZN Film Cluster.
16. Interest received- investment
Interest revenue Interest on call account
136,093 5,737 141,830
1,953,336
1,953,336
KZN FILM COMMISSION ANNUAL REPORT 2020/2021
87