Page 83 - Playhouse Annual Report 2021:22

Explanation of Significant Variance
Notes to the Annual Financial Statements (continued)
Annual Financial Statements for the year ended 31 March 2022
TheconditionalcapitalgrantofR8.6mwasreceived fromDSACinMarch2022.Theimplementationwillberolledoutduringthe2022/23year.Someofthe capital grant has been recognised in terms of GRAP 23 whilst the unspent amounts are recognised as deferred income.
Due to COVID-19 regulations being relaxed, patrons flocked to the theatres during the festive season and that increased income. DSAC funded the Incubator Programmes as well as The Days of Culture without Borders Concert
Due to a relaxation in the Covid-19 regulations, some tenants were allowed to return to the premises and thus rental income not originally budgeted for was generated
Due to COVID-19 regulations being relaxed clients resumed with booking venues for events
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Services in kind as disclosed in note 24.
Due to COVID-19 regulations being relaxed clients resumed with booking of functions venues and ticket bookings for productions.
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N/a
Theorginalbudgetcateredforprintingcostsonly. Designfeesandtypesettingwereomitted. Thiswillbecorrectedgoingforward.
As a result of the COVID-19 regulations, the auditor general amended their method of performing audits by working remotely, where possible. This resulted in cost savings.
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Previously Council and Committee meetings were conducted on one day. Council resolved mid last year to have two days of Committee meetings and one day and a separate day for Council meetings. This then had an impact on travel and accommodation costs as well as attendance and preparation fees.
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Due to cost saving initiative this resulted in a decline in procurement of consumables.
Due to COVID-19 regulations being relaxed more productions were presented on stage and this contributed to the additional electricity cost.
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Service Provider (FNB) outsource quote from the Insurance Brokers and we chose the lowest with same benefits
No legal services costs were incurred during the period due to the fact that contracts were updated in the previous financial year and the company did not encounter any litigation matters.
The original budget was reduced, however, as the COVID-19 regulations were relaxed, more productions were planned and produced on stage. The corporate marketing budget was then used to bolster the production marketing budget in order to be top of mind with key stakeholders and audiences.
Services in kind as disclosed in note 24.
PartoftheFacilityManagementfundswasusedonunplannedmaintenanceandrepairsthusresultinginoverspend. Thebudgetissittinginthecapex budget for buildings.
Cost saving measures implemented resulted in staff using the telephones economically.
Savings arose due to training activities cancelled for 2 staff members that left before year end.
As a result of the COVID-19 regulations being relaxed local travel increased thus resulting overspend.
Water is budgeted in line with usage of venues during productions on stages and rehearsals venues. The savings is due to the rate of facilities usage Non cash flow item not budgeted for annually.
Savings in various expense items due to cost saving initiatives.
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Annual Report 2021/2022 81