Financials - Film Victoria

102 103 section 08 financial statements
section 08 financial statements
notes to tHe Financial statements
for the financial year ended 30 June 2009
note 2. net Result FRom opeRations
2009
$
2008
$
income from transactions
(a) other income
project revenue
Development buyout 678,413 932,515
Administration fees 150,844 287,649
Investment and grants repayments 969,849 704,746
total project revenue
interest revenue:
1,799,106 1,924,910
Interest / Financial institutions 1,911,604 2,106,407
Interest / Production advances 78,671 103,368
Interest / Premiums and production 105,136 135,925
Interest / Cinemedia production management – 13
total interest revenue 2,095,411 2,345,713
total other income
(b) income from Government
Government funding
3,894,517 4,270,623
Government funding for continuing operations 20,730,000 19,222,767
total government funding
expenses from transactions
(c) project costs
20,730,000 19,222,767
Melbourne Film Office program payments 5,098,555 2,839,913
Industry Development & Investment program payments 9,383,958 7,947,140
Industry & Audience Development program payments 3,430,265 3,194,585
Digital Media Fund program payments 1,576,479 1,455,346
total project costs
(d) employee benefit costs
Post employment benefits:
19,489,257 15,436,984
Defined contribution plans 307,234 238,128
Salary costs 3,401,633 2,930,130
total employee benefits costs
(e) depreciation and amortisation expense
3,708,867 3,168,258
Depreciation of non-current assets 103,712 93,527
Amortisation of non-current assets 98,400 19,137
total depreciation and amortisation 202,112 112,664