Page 74 - Playhouse Annual Report 2021:22

Annual Financial Statements for the year ended 31 March 2022 Notes to the Annual Financial Statements (continued)
March
7 130
139 965
222 385
2 630
4 276 844
15 572 699
March
Notes
3 904 734
2022
R
2021
21 553
642 304
12 248 916
1 318 338
464 211
106 176
63 320
707 881
15 572 699
-
-
13.
14.
MAINTENANCE EXPENDITURE
Buildings
Fire Fighting Equipment Motor Vehicles
Plant, Machinery & Equipment General
Total
PRODUCTION EXPENDITURE
Productions and festivals Administrative
Airfares and Accommodation Artist fees
Marketing and publicity
Materials
Equipment and Venue hire Royalty commission and licences Subsistence and travel
Outside hirers Mobile stage
Total
DEFICIT FOR THE YEAR
R
1 853 646 64 366 339 547 234 049 3 160
2 494 768
9 214 034
382 -
9 214 416
- 526 000 6 800 688 1 685 636 72 530 120 457 6 608 2 115
15.
16.
The Deficit for the 2022 & 2021 year takes into account depreciation and the recognition of the capital income in terms of GRAP 23 - Revenue from Non-Exchange Transactions Taxes and Transfers.
In terms of Para 53(3) of the Public Finance Management Act, 1999, the public entity may not budget for a deficit and may not accumulate surpluses unless written approval of The National Treasury has been obtained.
The Playhouse Company has received the approval from National Treasury to retain the accumulated surplus for the reporting period 31 March 2021.
226 949 003
141 900 000
85 049 003
72
The Playhouse Company
RECONCILIATION OF STATEMENT OF CHANGES IN NET ASSETS
Balance at 31 March Made up as follows:
GRAP 23 Government grant recognised on free use of land and building
Changes in net assets relating to operations
237 045 151
141 900 000 95 145 151