KwaZulu-Natal Tourism and Film Authority

Overview Management Financial

The KwaZulu-Natal Tourism and Film Authority was formed by the merger of Tourism KwaZulu-Natal and the KwaZulu-Natal Film Commission, effective July 2024. View historical information about the KwaZulu-Natal Film Commission.

Financial Information

FINANCIAL POSITION
All Financial Values: R'000	2024/25	2023/24	2022/23	2021/22	2020/21

AUDIT OUTCOME	Financially Unqualified	Financially Unqualified	Financially Unqualified	Financially Unqualified	Financially Unqualified

Current Assets	71 242	66 835	74 852	64 390	63 990
Non-Current Assets	14 597	2 492	1 961	2 225	2 137
Total Assets	85 838	69 327	76 813	66 615	66 127
Current Liabilities	37 256	35 398	48 696	42 550	43 697
Non-Current Liabilities	-	-	-	-	-
Total Liabilities	37 256	35 398	48 696	42 550	43 697
Total Net Assets	47 965	33 929	28 117	24 065	22 428

FINANCIAL PERFORMANCE
Total Revenue	264 403	180 352	180 444	144 200	129 020
Revenue from Exchange Transactions	5 545	3 458	1 573	361	329
Revenue from Non-Exchange Transactions	258 858	176 894	178 871	143 839	128 691
Total Expenditure	(265 048)	(174 540)	(176 392)	(142 563)	(104 026)
Employee Related costs	n/a	(57 263)	(53 044)	(49 978)	n/a
Surplus/(Deficit) for Year	(645)	5 812	4 052	1 637	24 994

CASH FLOW
Net Cash Flows from Operating Activities	(6 334)	(6 820)	10 771	3 332	(5 761)
Net Cash Flows from Investing Activities	(579)	(1 520)	(920)	(782)	(565)
Cash & Cash Equivalents at End of Year	63 132	65 815	74 155	64 304	61 754

UIFW EXPENDITURE
Unauthorised Expenditure	-	-	-	-	-
Irregular Expenditure	672	2 327	669	2 412	8 136
Fruitless & Wasteful Expenditure	845	107	-	-	-

HUMAN RESOURCES
Posts Approved	120	70	70	70	70
Posts Filled	68	61	61	61	58

SOURCE	Annual Report	Annual Report	Annual Report	Annual Report	Annual Report
Note		Tourism KwaZulu-Natal and the KwaZulu-Natal Film Commission have merged to create the KwaZulu-Natal Tourism and Film Authority, effective July 2024. All figures up to the 2023/24 year only reflect Tourism KwaZulu-Natal	Tourism KwaZulu-Natal and the KwaZulu-Natal Film Commission have merged to create the KwaZulu-Natal Tourism and Film Authority, effective July 2024. All figures up to the 2022/23 year only reflect Tourism KwaZulu-Natal.

Annual Reports

The information in this directory is compiled from various sources and is subject to continual change. If you notice any errors or omissions, contact us so that we may correct them.