Page 92 - 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
20. Employee related costs Executive Management
CL Coetzee
NC Thanjekwayo
K Bogatsu (2020)
JM Motsepe
VO Senna (December 2020)
31 March 2021
CL Coetzee
NC Thanjekwayo (ACFO - 8 months) VO Senna
JM Motsepe
31 March 2020
CL Coetzee
NC Thanjekwayo K Bogatsu
JM Motsepe
Non Executive Employee Costs
Cost of employment Performance bonus Company contribution Cellphone reimbursements Contractors from agencies Leave expense
Total employee related costs
Termination benefit
Designation
Chief Executive Officer Acting Chief Financial Officer Chief Financial Officer
Chief Operations Officer Chief Financial Officer
3,176,576 1,083,718 - 2,291,640 535,515
Performance Bonus 204,636 117,131 - 127,973 449,740
Performance Bonus (166) - (918) (1,174)
17,404,291 913,169 549,586 307,200 60,054 82,778 19,317,078 26,404,527
2,541,766 618,951 1,079,588 1,815,104 -
Total
3,176,576 1,083,718 535,515 2,291,640 7,087,449
Total
2,541,766 618,951 1,079,588 1,815,104
14,752,957 35,404 478,929 239,100 515,335 434,320 16,456,045 22,511,454
7,087,449 6,055
Salary
2,830,441 919,614 509,385
2,078,065
Cellphone Reimbursements Contributions
67,200
20,800
10,400
31,200 54,402
Employer
74,299 26,173 15,730
6,337,505
Salary
2,401,828 589,446 1,030,388 1,731,231
129,600
Cellphone Reimbursements 67,200 13,000 18,200 31,200
170,604
Employer Contributions 72,904 16,505 31,918 53,847
5,752,893 129,600
175,174
(2,258) 6,055,409
The KZNFC contributes to the Alexander Forbes Provident Fund. Membership is compulsory for all permanent employees. The fund is a defined contribution plan and the employees contributes 5% as a minimum of the pensionable remuneration. Included in the employee costs disclosed above is an amount paid over for the provident fund (see the table below for details).
Performance bonus
Performance bonuses paid were in relation to 2019/20 financial year and only paid out in February 2021.
Defined provident fund contribution plan 2,359,010 2,240,167
21. Finance costs
Interest paid 2,562 951 Interest paid related to intererst and penalties charged by SARS for late payment of PAYE.
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KZN FILM COMMISSION ANNUAL REPORT 2020/2021