Page 94 - 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)
26. Audit fees
External audit fees
Internal audit fees 275,043 272,495
27. Production and development costs Film production
Film production
The amount relates to projects funded through the KZNFC Film Fund. This is to ensure there is an increase in production of film and television in KwaZulu-Natal Province.
Figures in Rand
2021
2020
641,428
1,437,439
916,471
1,709,934
17,260,279
12,599,118
23,293,602
19,145,376
570,117
525,612
13,938,762
1,960,091 34,663 - 31,703 (411,822) 2,345,214
(502,547) - 45,188 300,087 (408,327) (6,905)
17,326,107
30,772,282
Human Capital Development Projects Costs
SMME programme and incubation
FITI Project
Stakeholder engagement programmes
Bursaries 468,345
16,506 2,745,810 41,141 1,323,814 1,847,087 571,900 6,546,258
12,599,118 6,546,258
17,958,988
2,301,327 19,600 286,000 - (227,523) -
8,460,173 (286,000) 10 3,468,061 (1,193,688) (14,666)
750,850 1,928,758 5,600
Skills development MICT Seta Learnership
Film production
Human Capital Development projects Total production and development cost
28. Research and development
Film industry research
29. Cash generated from operations
Surplus
Adjustments for:
Depreciation and amortisation Profil/Loss on assets and liabilities Debt impairment
Bad debts written off
Movements in operating lease assets and accruals Movements in provisions
Changes in working capital:
Receivables from exchange transactions
Provision for doubtful debts
Receivables from non-exchange transactions Prepayments
Payables from exchange transactions Payables from non exchange transactions
1,902,230 977,540 6,033,323
17,260,279 6,033,323
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KZN FILM COMMISSION ANNUAL REPORT 2020/2021