yearbook 2013/14

Transcription

yearbook 2013/14

YEARBOOK
2013/14
CONTENTS
02FROM THE CHAIR & CHIEF EXECUTIVE
04THE BOARD AS AT 30 JUNE 2014
05WORKING FOR SCREEN
06SNAPSHOT OF ACTIVITY
08WORKING IN LOS ANGELES
10 WORKING IN ASIA
11 WORKING IN NEW ZEALAND
12 INCENTIVES & NZSPG
14 A DECADE OF INTERNATIONAL PRODUCTION
16 OUR SPECIALIST ENQUIRIES SERVICE
18 MARKETING & COMMUNICATIONS
22INDUSTRY COLLABORATION
24FINANCIAL STATEMENTS
Film New Zealand Yearbook 2013/14 1
FROM THE CHAIR & CHIEF EXECUTIVE
The 2013/14 year saw significant achievements for the New Zealand screen
industry. For the second year in a row, screen incentives dominated workloads,
and culminated in December 2013 with the confirmation of the Avatar sequels for
New Zealand, and the introduction of the new New Zealand Screen Production
Grant (NZSPG) on 1 April 2014.
Earlier in 2013, the introduction of the
significantly-improved incentives for
international television heralded a new
awareness of the importance of television
in the screen industry mix.
The effect of the new NZSPG was
immediately evident. Film New Zealand
experienced a significant increase in the
number and scale of incoming enquiries
in the second half of the financial
year. We engaged extensively with
international productions on the new
incentives points test, hosted various
clients and facilitated a number of recces.
The financial year came to a close with
a number of confirmed productions
2 Film New Zealand Yearbook 2013/14
for New Zealand, and an indication
of more to come.
Much of the Film New Zealand
marketing activity for the year
revolved around the incentives (three
separate announcements on behalf of
the Government were made in July,
December and April) and we also
workshopped and produced a range
of incentives materials to be utilised
by those working with international
production. The new NZSPG was
launched in April 2014 at one of two
very well-attended functions Film
New Zealand ran in LA during the
year, with the assistance of a number
of NZ Inc partners. As usual we ran a
stand at the annual Association of Film
Commissioners International Locations
Show in Los Angeles and at BIFCOM
Asian Film Market (winning the prize for
best stand in the process).
Our thanks to the New Zealand
international line producers
and production accountants, the
New Zealand Advertising Producers
Group, Actors Agents Association of
New Zealand and the post-production
and VFX industry who helped with the
development of our new website. The
website showcases behind-the-scenes
activity on a number of already-released
productions – our thanks also go to the
producers of Z for Zachariah (shooting
in Banks Peninsula at the start of 2014)
who allowed our crew on set to capture
similar material.
Other notable activities included our
seminars (with Warner Brothers’ Senior
Vice President of Production Planning
Karen Fouts, and film financier Peter
Graham, our third Air New Zealand/
Heritage Hotels competition winner); and
two projects with the New Zealand Film
Commission (NZFC) – the forming of
the virtual agency Screen New Zealand
(also including NZ On Air) and the
establishment of the Screen Advisory
Board. The introduction of the NZSPG
has seen an even closer daily working
relationship with the NZFC. Tourism
New Zealand, Regional Film Offices
New Zealand, Auckland Tourism, Events
and Economic Development and other
regional film offices were also active
partnerships during the year.
On the operational front, as a result
of the Wellington earthquake, Film
New Zealand moved offices in late
July 2013 rather than the scheduled
September. We now form part of a screen
precinct, with NZFC and NZ On Air a few
minutes away from our office.
Our warm thanks go to Julian
Grimmond, who oversaw this year as
Film New Zealand Chair and retired at
the end of June 2014 after seven years
on the Board; Dr Allan Freeth and Garry
Little, who also left the Board in the
2013/14 year; and the current Board and
staff, who continue to serve the industry
and New Zealanders with dedication,
energy and commitment.
John McCay
Chair
Gisella Carr
Chief Executive
THE BOARD AS AT 30 JUNE 2014
Film New Zealand’s Board of Directors is made up of senior industry leaders
representing many facets of the industry, from film and television to digital production
and animation, as well as the business sector.
John McCay
(Incoming Chair from July 2014)
John is a partner in the Wellington office
of law firm Minter Ellison Rudd Watts.
His professional involvement with the new
Zealand screen industry includes advising on
New Zealand films such as Mr Pip, Shopping,
Two Little Boys, The Vintner’s Luck, Whale
Rider, The World’s Fastest Indian and In My
Father’s Den, as well as New Zealand television
series, overseas productions, sales distribution
arrangements and merchandising.
Julian Grimmond
(Outgoing Chair June 2014)
Julian joined the board in October 2006 and
was elected Chair in October 2008. Based in
Queenstown, Julian is a multiple Primetime
Emmy® Award-winning producer and
Producers Guild of America nominee who, as
managing director and founder of Global Film
Solutions, has overseen film and television
projects on every continent. Julian is also on the
board of directors of Auckland Film Studios.
Grant Baker
Grant is the managing partner and co-owner of
Images & Sound, one of New Zealand’s longestrunning post-production facilities. Based in
Auckland, Grant has 30 years’ experience in the
New Zealand film and television industry. He
started his career at Television New Zealand
as an audio engineer and later editor, before
becoming a post-production supervisor. He
joined Images & Sound in 1993 and has worked
on numerous feature films and television and
drama productions. Grant is also a member of
the Film Auckland Advisory Board.
Julie Elstone
Julie has spent more than 30 years working in
film and television, with extensive experience
as a supervising and executive producer of
television commercials in New Zealand and
overseas. Based in Wellington, Julie runs her
own production company. She is a member of
Women in Film and Television and also on the
committee of the New Zealand Advertising
Producers Group.
Miranda Harcourt
Miranda is one of New Zealand’s most
celebrated actresses and plays an integral
role in developing New Zealand acting
talent. As well as performing and directing
numerous award-winning productions for
stage and screen, she was Head of Acting
at Toi Whakaari New Zealand Drama
School for seven years and works locally and
internationally as an acting coach.
Jos Ruffell
Jos has spent many years working in the
games industry and is Chair of the Board of
New Zealand Games, Animation and Visual
Effects Trust. He has developed original
and licensed titles for console, smartphone
and PC platforms, and headed up business
development at New Zealand’s largest game
production studio, PikPok. Jos is co-owner
of Wellington brewery Garage Project.
Catherine Madigan
Catherine is one of New Zealand’s most
experienced line producers and production
managers and has been involved in
numerous feature films, television series,
television commercials and documentaries
both in New Zealand and overseas. Recent
productions include Andrew Adamson’s
Mr Pip (starring Hugh Laurie), White Lies,
Giselle, Beyond the Edge and The Dead Lands.
Catherine is currently on a leave of absence.
Thanks also to retiring Board members
Dr Allan Freeth and Garry Little.
WORKING FOR SCREEN
New Zealand has a reputation as one of the best places in the world to make
screen productions. Film New Zealand’s aim is to help international screen
businesses understand why, and give them the information and support they
need to make their projects here.
Founded in 1994 by the screen production industry, Film
New Zealand acts as a principal gateway for screen businesses
wishing to work in our country, which has become a centre of
excellence for international and national screen production.
The New Zealand Government contracts us to:
market and promote New Zealand’s screen
production industry
provide specialist screen services, including an
international screen business enquiry service
provide core information and advice to government
agencies on screen-related matters
manage relationships on behalf of the Government with
New Zealand’s major international production customers
take strategic opportunities to progress the interests of the
New Zealand screen sector.
Our business-friendly screen services also include creative
services and technical expertise, financial incentives and
locations advice: all the support and information needed to
choose New Zealand for screen projects, large and small.
We work to represent New Zealand’s screen industry at
key international events, and have a solid presence in LA.
We also host international visitors, and help connect them
with New Zealand screen businesses through seminars and
meeting opportunities.
For New Zealanders doing business internationally, Film
New Zealand assists with advice and overseas contacts.
Staff and contractors as at 30 June 2014
Gisella Carr – Chief Executive
Roxane Gajadhar – Director, Communications
and Marketing
Philippa Mossman – Director, Business Development
and Enquiries
Mark Matthews – Enquiries Manager
Susanna Kalliomaki – Office Manager/EA to Chief Executive
Jo Hiles – Project Manager
Ell Pike – Marketing and Communications Assistant
Vicki Jackways – Los Angeles Representative
Paul Davis – Auckland Representative
Image courtesy of Katie Kempe
SNAPSHOT OF ACTIVITY
DOC
Government changes to
incentives announced
Film NZ international and
domestic advisory campaign
(31 July)
Conservation
Management Strategy
(CMS) meeting
Canterbury (14 August)
Film NZ CMS
Submission lodged
(13 September)
CMS hearings:
Otago, Southland,
Chrstchurch (21 & 24
October, 4 November)
NZSPG and Avatar
announcements
Media conference and
Film NZ international
and domestic advisory
campaign. (16 December)
1
1
NZSPG DEVELOPMENT PHASE
International recce/scout
(6–8 September)
(10–17 September)
ENQUIRIES SERVICE
PWC and NZIER reports
Commissioned by Film
NZ, NZFC, WCC and
Miramar companies.
NZSPG design begins
(7–14 October)
Z for Zachariah recce
(6–15 November)
Film NZ hosting
competition winner US
Financier Peter Graham
(2–9 December)
Crouching Tiger Hidden
Dragon II recce
(10–15 December)
2013/14: FILM NZ RECEIVES 447 NEW ENQUIRIES
447 Enquiries
188 Prospects
49 In-depth assistance
(12 September)
Film NZ industry seminar
US Financier Peter Graham
Auckland (3 December)
2
2
(20 September)
Film New Zealand Year
(and a half) Book release
(9 December) 3
WEBSITE PLANNING
JULY
LA PRESENCE
1–7 JUL
America’s Cup
screen installation,
San Francisco
(4 July–1 September) 4
FNZ Office relocation
(25 July)
AUGUST
US Financier Peter
Graham wins Film NZ
competition
(13 August)
Industry meeting: Actors
Agents Association of NZ
Gisella Carr, Paul Davis,
Miranda Harcourt attend
(15 August)
Industry meeting:
NZ Advertising
Producers Group
Gisella Carr, Paul Davis,
Julie Elstone attend
(9 August)
4
SEPTEMBER
LA PRESENCE
15–29 SEP
AFCI Cineposium
Gisella Carr panellist at
‘Future Film Commissions’
session. (29 September–
2 October) 5
Film NZ Industry Update
mailout
(10 September)
OCTOBER
NOVEMBER
BIFCOM Asian
Film Market
Film NZ and NZTE win ‘best
marketing stand’ award.
Gisella Carr speaks at Asia
Policy Forum seminar.
(7–10 October) 7
Advertising:
Creative Handbook
LA PRESENCE
6 NOV–8 DEC
The Hobbit : Tourism NZ
media dinner
Film NZ attends
(28 November)
NZ Screen Industry
Forum
Paul Davis, Grant Baker
attend (14 November)
5
mailout
(13 November)
6
DECEMBER
Book of New Zealand’ VIP
Event, LA
(2 December)
Film NZ/MFAT
specialist screen
industry practitioners’
function, LA
‘Book of New Zealand’
tour for select group of US
filmmakers and their NZ
counterparts. (4 December)
6
The Hobbit: The
Desolation of Smaug
world premiere, LA
(2 December)
Z for Zachariah
announcement
(22 December)
mailouts
(11 and 18 December)
7
3
YEAR (and a half ) BOOK • 2012 / 13
NZSPG and other government work
Specialist Screen Services
Marketing and promoting New Zealand’s screen production industry
NZ industry engagement and strategy
Film NZ/Grow Wellington
dinner for AnimFX
speakers
(13 February)
Film NZ hosting:
Andrew Woodhead,
The Luminaries
(17–23 March)
NZSPG DESIGN & CONSULTATION PHASE
NZSPG LAUNCH & IMPLEMENTATION
NZSPG New Zealand
consultation
(24–28 February)
(25 January–1 February)
Film NZ hosting:
composer Serj Tankian
(24 March)
NZSPG international
consultation, LA
(16–24 February)
Film NZ hosting:
Warner Bros’ SVP
Production Planning Karen
Fouts (23–26 March) 8
WEBSITE DESIGN & CONTENT
JANUARY
FEBRUARY
Advertising:
Film NZ/NZFC, The
Hollywood Reporter
(30 January)
NZSPG launch
Film NZ international
and domestic advisory
campaign. (1 April)
(19–21 March)
Film NZ hosting:
Z for Zachariah
Producer Steven Bannatyne,
writer Nissar Modi,
executive producer Claudia
Bleumhuber and actor Chris
Pine (February and March)
8
Film NZ hosting:
US producer David Raymond
(27 May)
(2–6 May)
NZFC China Screen
Sector Workshop
(15 April)
Industry meeting:
Gisella Carr, Philippa
Mossman WIFT Lunch
presentation (9 April)
MARCH
LA PRESENCE
Z for Zachariah
on-set shoot
Film NZ gathers
promotional material.
(18–21 February) 9
2 MAR–4 APR
9
Advertising:
Beyond Cinema (1 February)
Location Managers’
Guild Awards LA
(29 March) 10
APRIL
Film NZ Celebration of
NZ Screen, LA
Event to mark the
introduction of the NZSPG.
(1 April) 12
12
RFO location managers’
function LA
(31 March)
Regional Film
Offices New Zealand
(RFONZ) formed
13
(24–27 May)
MAY
Showrunner Lee
Aronsohn wins Film NZ
competition
(8 May)
Cannes Film Festival Film
NZ/NZFC presentation
(14–21 May)
mailout
(9 May)
11
Advertising:
Beyond Cinema AFCI
Programme Guide and The
Hollywood Reporter
(5–7 May)
Industry meeting: Line
Producers, Production
Accountants
Input into NZSPG marketing
materials and Film NZ
website (23 May)
AFCI Locations
Show 2014
Film NZ runs stand and
competition.
(27–29 March 2014) 11
10
NZSPG Verification Panel
meetings begin
(9 May)
JUNE
LA PRESENCE
28 MAY–11 JUN
New Film NZ Board Chair
John McCay announced
(8 June)
mailout
(12 June)
Industry meeting: NZSPG
WIFT Workshops
(26 and 27 June)
Film NZ Auckland and
Wellington sessions on
pitching and promoting
incentives in the
global market.
SCREEN NZ
Film NZ/RFONZ
begin monthly meetings
Inaugral Screen NZ
meeting
(11 April)
Film NZ Board and staff
strategic planning retreat
(10–11 March) 13
Screen NZ MOU signed
Screen NZ announcement
(11 June)
NZFC China Screen
Sector Workshop
(12 March)
Film NZ industry
seminars: Warner Bros’
SVP Production Planning
Karen Fouts. Wellington and
Auckland (25 and 26 March)
WORKING IN LOS ANGELES
Los Angeles and the United States are the prime focus of film and television attraction
work for Film New Zealand. Even when production enquiries come from other countries,
US ownership or investment interests are often involved. Developing and maintaining
relationships in the LA market is very important for New Zealand’s screen industry.
During 2013/14, Film New Zealand sustained a multi-faceted
programme in LA including:
regular meetings and contact with filmmakers, studio and
production company personnel
Film New Zealand events associated with The Hobbit
the annual Association of Film Commissioners International
(AFCI) Locations Show at Hyatt Regency Century Plaza
New Zealand Screen Production Grant (NZSPG) activity,
including engagement of studios and other overseas
producers on the draft NZSPG and grant criteria, and
facilitating/brokering New Zealand marketing relationships
liaison on specific projects considering New Zealand,
and work with US entities with confirmed production in
New Zealand (see Our specialist enquiries service).
The Hobbit
During the year, Film New Zealand joined NZ Inc partners
such as Tourism New Zealand (TNZ) in promoting messages
about New Zealand’s outstanding screen industry in LA. TNZ’s
‘Book of New Zealand’, a multi-media installation at the Beverly
Hilton Hotel the length of two tennis courts, was central
to the campaign. The walk-through display (a partnership
between TNZ and the filmmakers) featured four New Zealand
filming locations and four recreated sets from The Hobbit: The
Desolation of Smaug. It showcased the creative, technological
and scenic offerings of the screen industry in New Zealand.
In partnership with TNZ, Film New Zealand invited screen
industry guests to the VIP event before the world premiere
of The Hobbit: The Desolation of Smaug in LA, on 2 December
2013. Film New Zealand’s LA Representative Vicki Jackways
attended the premiere.
Film New Zealand also hosted a specialist screen practitioners’
event at the ‘Book of New Zealand’ on 4 December 2013, hosting
US location managers, designers, producers and directors and
their New Zealand counterparts. New Zealand Consul General
Leon Grice and the Ministry of Foreign Affairs and Trade
(MFAT) supported the event.
Top: Specialist screen practitioners’ event at the ‘Book of New Zealand’.
Bottom: Film New Zealand’s stand at the AFCI Locations Show.
AFCI Locations Show
The AFCI Locations Show at the Hyatt Regency Century Plaza
(27–29 March 2013) was part of a week of international activity
in LA for Film New Zealand, with a focus on presenting the
new screen incentives. The Film New Zealand stand at the
tradeshow featured imagery from around New Zealand from
film and television productions. Film New Zealand also ran its
annual competition for a trip to New Zealand sponsored by Air
New Zealand and Heritage Hotels. The competition was won
this year by showrunner Lee Aronsohn.
The week also included attendance at the Location Managers
Guild of America Awards, a writers’ dinner ‘Big Fish Wanted’
hosted by Film Wellington, and other AFCI networking
functions. We also contributed to the Regional Film Office
mixer at the Chamberlain Hotel for location managers
and friends of New Zealand, and ran our own function, the
‘Celebration of New Zealand Screen’.
Film New Zealand Staff & Contractors in LA
1 July to 7 July, 15 September to 29 September, 29 November to 7
December, 6 November to 8 December, 16 February to 24 February,
2 March to 3 April, 25 March to 4 April, 27 May to 11 June
Promoting New Zealand
incentives in LA
The changing incentives involved
substantial work for Film New Zealand
in LA. We coordinated consultation with
the US industry on the New Zealand
screen incentives, and in February
2014 Gisella Carr and Paul Davis spent
a week in LA, meeting with 45 studio
and production executives on the draft
proposals for the NZSPG. The LA
industry was informed of changes via
screen advisories in July, December and
April (see Incentives & NZSPG).
To promote the new incentives, and
to enlist the support of the expatriate
New Zealand film community in LA,
Film New Zealand (supported by MFAT
and co-ordinated by New Zealand
producer/actor Fleur Saville) hosted
an evening celebrating New Zealand’s
screen industry at a private residence in
LA. The event marked the introduction
of the New Zealand Screen Production
Grant on 1 April 2014. The ‘Celebration
of New Zealand Screen’ drew more
than 120 film and television industry
people, including a large contingent of
Film New Zealand’s LA-based business
partners and New Zealand actors and
crew living in LA.
Expats who came out in support were
notable directors Roger Donaldson and
Niki Caro; actors Rhys Darby, Antonia
Prebble, Keisha Castle-Hughes, Rena
Owen, Charles Mesure, Madeleine
Sami and Zoe Bell; former Shortland
Street stars including Claire Chitham,
Craig Parker and Fleur Saville and
singer-songwriters Gin Wigmore
and Ladyhawke. Regional Film Office
representatives from Auckland,
Wellington and Queenstown were also
among the guests.
Attendees at the ‘Celebration of New Zealand Screen’. This image gained a social media reach of close to 23,000.
“You take a handful of some of the biggest
producers in Hollywood. Mix gently with
actors and artists and politicians from
New Zealand. Set them in a beautiful home
in the Hollywood Hills overlooking the lights
of the city. Add Pinot and meat pies. Magic.”
Stephen Tobolowsky (Memento , Groundhog Day, Californication )
WORKING IN ASIA
Asia continues to grow as a market for New Zealand. During 2013/14 Film New Zealand
continued to forge links with South Korea and China.
Gisella Carr on the ‘Future Film Commissions’ panel
at AFCI Cineposium, South Korea.
New Zealand representatives at the Film New Zealand
Film New Zealand and NZTE’s New Zealand Film Reception
BIFCOM stand with New Zealand Ambassador Patrick Rata; at BIFCOM.
Busan Mayor Huh, Namsik; and BFC director Oh, Seok-Geun.
Korea
New Zealand screen sector and China
Film New Zealand undertook three activities in South Korea
in October 2013.
In March 2014 an informal ‘China Club’ was convened by the
New Zealand Film Commission to focus on the Chinese screen
sector, with a view to stimulating official co-production under
the (as yet unutilised) film co-production agreement between
New Zealand and China. Film New Zealand participated in
these workshops. Initiatives discussed included education
linkages, co-produced documentaries, and steps towards the
formation of a television co-production agreement.
For the 12th year, Film New Zealand attended the BIFCOM
Asian Film Market run in conjunction with the Busan
International Film Festival. Again, the New Zealand presence
was a partnership with New Zealand Trade and Enterprise
(NZTE). The New Zealand stand featured moving and still
imagery from various New Zealand international productions
including The Hobbit trilogy, Spartacus and Top of the Lake.
Gisella Carr also spoke at the Asia Policy Forum in Busan.
Highlights included winning the award for the best stand
design among more than 200 exhibitors, and hosting a
successful New Zealand reception for more than 150 guests.
Gisella Carr attended the ‘East Meets West’-themed
Association of Film Commission International Cineposium in
Jecheon City as a guest of the South Koreans, invited by Korean
film producer and AFCI Board member Kevin Chang. She also
spoke on the ‘Future Film Commissions’ panel.
At the request of Film New Zealand, lawyer Michael Stephens
and producer Sue Thompson facilitated introductions for
filmmaker Michael Bennett (who won a place at the AFCI
Producer Show with his project The Cave) to Korean producers
including Sebastian Lee. As a result, Michael Bennett initiated
a project that is now in advanced development, Pokarekare Ana:
Yeon-Ga. Award-winning filmmaker Il Gon Song is attached to
the project, which was one of 30 selected for the Asian Project
Market at Busan Film Festival in October 2014.
“Thanks again for your original introduction and
support last year. It’s very exciting, especially
given that when we met at AFCI last October,
this project didn’t even exist! There is a real
sense that there is something very genuine and
authentic about the New Zealand/Korean ties
that underlie Pokarekare Ana/Yeon Ga . We’re a
great NZ/Korean team with a strong shared vision,
and we’re feeling very confident about the future
of the project.” Michael Bennett
WORKING IN NEW ZEALAND
Film New Zealand’s work in New Zealand centres primarily on international
production, but domestic industry engagement has increasingly become a focus.
Enquiries
Industry seminars
Film New Zealand doubled its enquiries team, with the
appointment of Philippa Mossman to the new role of Director,
Business Development and Enquiries.
Film New Zealand ran a seminar programme featuring
international experts Peter Graham and Karen Fouts, and
partnered with Women in Film and Television (WIFT) on
other seminars.
Throughout the year, Film New Zealand assisted an increasing
number of New Zealanders with international projects.
Ongoing communication across the industry was strengthened,
and active collaboration with regional film offices on specific
projects continued, as did contracting and liaising with location
scouts and production accountants/line producers.
We provided introductions on projects seeking to connect
with New Zealand partners and continued to interact with
New Zealanders in Los Angeles.
Consultation and communication
Important initiatives in New Zealand included consultation
on the New Zealand Screen Production Grant in collaboration
with the New Zealand Film Commission, the Ministry of
Business, Innovation and Employment and the Ministry for
Culture and Heritage; and the development of marketing
materials, in consultation with industry.
Redeveloping the website was a major project and involved
sourcing information, images and other material. We engaged
with the Actors Agents Association of New Zealand to produce
a revolving showcase of actors’ images; met with line producers
on content for financial pages; liaised with physical effects
companies; developed content with PDV companies; audited
information relating to Immigration New Zealand, Inland
Revenue and the Accident Compensation Corporation; and
worked with the New Zealand Advertising Producers Group,
SPADA and Regional Film Offices New Zealand.
Film New Zealand also reinstated a published annual report
(the Year (and a half) Book 2012/13) and issued regular
‘industry update’ newsletters.
Peter Graham
Film New Zealand hosted engagements in December 2013
for film financier Peter Graham, winner of the 2013 Film
New Zealand competition sponsored by Air New Zealand
and Heritage Hotels. Peter’s company 120dB Films manages
a US$100-million film fund, and he has been involved in
financing more than 300 independent movies and television
programmes including Leverage, Big Fan, Machete, Happy Tree
Friends, Kingdom of Twilight, Myth Busters, Monster, Jeepers
Creepers, My Big Fat Greek Wedding, The Virgin Suicides, The
English Patient and Under the Mountain.
We organised an Auckland networking function and seminar
for senior producers interested in putting together complex
international film financing.
Karen Fouts
Film New Zealand hosted a programme from 23 to 26 March
2014 with international incentives expert and Warner Bros’
Senior Vice President of Production Planning, Karen Fouts.
Karen is responsible for coordinating foreign and domestic tax
incentive policies and practices for feature films and television.
Film New Zealand invited Karen to visit New Zealand at the
conclusion of a visit to Australia.
The programme included industry seminars for producers and
production accountants in Auckland and Wellington, and a
working session for the Ministry of Business, Innovation and
Employment and the New Zealand Film Commission.
WIFT
Film New Zealand presented at a WIFT luncheon in
Wellington on Film New Zealand’s role, and presented at WIFT
seminars on the new incentives in Wellington and Auckland,
with a focus on how to pitch them internationally.
INCENTIVES & NZSPG
Incentives dominated Film New Zealand’s work for the second year in a row. From
September 2013 we were engaged in developing the New Zealand Screen Production
Grant (NZSPG). During the financial year the new incentives were designed,
announced and implemented, resulting in a significant increase in interest from US
studios and other producers.
July 2013: International television
and PDV incentive changes
September to December 2013:
NZSPG development
December 2013 through to April
2014: design and consultation
Earlier in 2013, Film New Zealand
produced a report on Incentivising
International Television Production,
which recommended, among other
changes, that the Government adopt a
more competitive incentive percentage
level (20%–25%), in order to secure
international production.
Film New Zealand worked closely with
industry partners and the Government
during this time. We collaborated
with the NZFC, the Wellington City
Council and the Miramar companies,
among others, on two reports authored
by Price Waterhouse Coopers and the
New Zealand Institute of Economic
Research. At the same time, Film
New Zealand was involved in developing
a memorandum of understanding for the
making of the next three Avatar films in
New Zealand. The work on the NZSPG
and the Avatar MOU included:
Film New Zealand worked with
the NZFC, MBIE and MCH on an
announcement of the new NZSPG in
December 2013, and then participated in
an officials’ project team and its steering
group to implement the changes. This
group developed detailed proposals
for consultation, convened meetings
with industry, and recommended final
criteria for the NZSPG which were
announced by Ministers on 1 April
2014. Film New Zealand also undertook
consultation in the US.
After the Screen Sector Review, July
2013 saw the announcement of improved
incentives for international television
production, and the Post, Digital and
Visual Effects (PDV) Grant, with a
lowering of thresholds and important
changes of definition.
Film New Zealand, in conjunction with
the Ministry of Business, Innovation and
Employment (MBIE), the Ministry for
Culture and Heritage (MCH), and the
New Zealand Film Commission (NZFC),
informed domestic stakeholders and
media of the results of the review. We
kept our international contacts abreast of
changes to grant criteria, improvements
and implementation dates. This included:
industry advisories, personalised
emails and media releases
material for New Zealanders to
forward to their international clients
new marketing collateral, translated
into four languages
web and social media updates.
meetings with Ministers and officials,
participation in government project
teams and input into key briefing and
Cabinet papers
designing the incentive and points test
discussion of draft proposals with US
studios and other partners
discussions with Avatar principals
New Zealand industry consultation
finalisation of design details and
communications to actual and
potential customers.
The December 2013 and April 2014
announcements informed current and
potential customers of the changes. Film
New Zealand:
contacted more than 1,000 clients
filmed the media conference, which
was posted online and supplied to CBS
in the United States
filmed and edited an interview with
James Cameron and Jon Landau about
their return to New Zealand to make
the next three Avatar films
updated web and online content
liaised with industry publications and
media to ensure the dissemination of
information on the new incentives
ran advertisements (including
one with the NZFC in
The Hollywood Reporter)
hosted a ‘Celebration of New Zealand
Screen’ event in Los Angeles on 1 April
2014 to launch the incentives
prepared new collateral, updated at
each announcement.
THE NEW ZEALAND SCREEN PRODUCTION GRANT
INTERNATIONAL
Introduced on 1 April 2014, the New Zealand Screen Production Grant is a
modern, generous, Government-backed incentive that offers a 20 per cent grant for
international productions. Many productions will qualify.
Image courtesy of New Zealand Film Connection
LOWER QUALIFYING NEW ZEALAND PRODUCTION
EXPENDITURE (QNZPE) THRESHOLDS
15M
4M
NZ$
1M
NZ$
Feature film
Television & other non-feature formats
Post-production, digital and VFX
NZ$
*Total spend. No per-episode threshold.
BROAD FORMAT ELIGIBILITY
More Advantages
Television, Film, Post-production, Digital and VFX
Scripted
Unscripted
Reality
Factual
Animation
Pilots
► Cash grant (not a tax credit)
Comedy
Web Series
Children's
► Fast – usually paid out within three
months of application
► Generous definitions of qualifying
spend (QNZPE) with few exclusions
(i.e. most items count including
goods, services, labor and some
international travel)
ACROSS MANY DISTRIBUTION PLATFORMS
Internet
Television
Cinema
IMAX
DVD
Blu-ray
Video-ondemand
PLUS other
mass
distribution
platforms
► Uncapped for above-the-line cast
(while working in New Zealand)
► Uncapped for crew if in
New Zealand for 14+ days
► Reliable – it’s Government backed
The full New Zealand Screen Production Grant Criteria
for International Productions is available on both the Film
New Zealand and New Zealand Film Commission websites.
► The fund won’t run out
www.filmnz.com
www.nzfilm.co.nz
MANY PRODUCTIONS WILL QUALIFY FOR A
20% GRANT
8 /14
Prime Minister John Key, NZFC Chair Patsy Reddy, director James Cameron, Film New Zealand CE Gisella Carr and
producer Jon Landau at the Avatar media conference.
NEW ZEALAND SCREEN PRODUCTION GRANT
FOR INTERNATIONAL PRODUCTIONS
SUMMARY & CRITERIA
New Zealand values your business and the New Zealand Government offers generous
incentives to international film and television productions. On 1 April our incentives
got even better with the introduction of the new New Zealand Screen Production Grant
(NZSPG). This uncapped fund replaces the Large Budget Screen Production Grant and
Screen Production Incentive Fund.
GENEROUS UNCAPPED INCENTIVES
For international productions the NZSPG
offers a baseline cash grant equivalent to
20 per cent of Qualifying New Zealand
Production Expenditure (QNZPE).
As well as the new baseline grant, a smaller
number of projects may be eligible for
an additional 5 per cent uplift if they can
demonstrate significant economic benefits to
New Zealand.
LIBERAL DEFINITIONS OF
ELIGIBLE FORMATS
Significant economic benefits
The grant applies to screen productions
in the following formats: feature film,
television and other non-feature film formats
including scripted and unscripted drama,
documentary, factual, children’s, animated
and reality, as well as post, digital and visual
effects production.
Value
of grant
NZ$15 million
20% of
QNZPE
• goods and services provided in
New Zealand
Television and other
non-feature film
NZ$4 Million
20% of
QNZPE
• the use of land located in New Zealand
Post, Digital and
Visual Effects
NZ$1 million
20% of
QNZPE
• the use of a good that is located in
New Zealand at the time it is used in
making the screen production.
Services provided in New Zealand include fees
and expenses for cast who have travelled to
New Zealand to work on the production, and
for non-cast personnel provided they have
worked on the production for at least 14 days.
Please contact the New Zealand Film
Commission (NZFC) for full definitions of
QNZPE (see overleaf).
Bundling provisions are available, please get
in touch for more information.
Applicants
An applicant must be
• a New Zealand resident company or
partnership for tax purposes, or a foreign
corporation with a fixed establishment in
New Zealand;
• the entity responsible for all activities
involved in making the production in
New Zealand; and
April 2014 onwards: launch and
implementation
International market response
• New Zealand personnel
Minimum
QNZPE
Feature Film
Qualifying New Zealand Production
Expenditure (QNZPE) is the production
expenditure spent by the applicant on
• Amount of past expenditure or expenditure
on current production
• New Zealand production activity
Expenditure thresholds
Format
What is QNZPE?
Certain productions may be entitled to
an additional 5 per cent grant if they can
demonstrate significant economic benefits to
New Zealand. This is assessed using a points
test. The test considers
• Wider economic benefits (marketing,
promoting and showcasing New Zealand;
placement of New Zealand in screen
production; investment in infrastructure,
innovation, technology or knowledge
transfer; skills and/or talent development
and other New Zealand production activity
or personnel).
The advent of the new NZSPG generated
a big increase in serious production
enquiries from filmmakers with projects
at an advanced stage of development.
This meant we dealt with a number of
large enquiries simultaneously (see Our
Specialist Enquiries Service).
Certain productions can ‘fast-track’ to be
assessed primarily on wider economic
benefits where
• the applicant has incurred QNZPE of
NZ$100 million or more in the five years
preceding the application; or
• the production is a feature film with QNZPE
of $150 million or more; or
• the production is a TV series or other nonfeature film format with QNZPE of NZ$80
million or more.
A copy of the points test is available from the
NZFC (nzfilm.co.nz) and Film New Zealand
(filmnz.com) websites.
• a Special Purpose Vehicle established
solely to make the production in
New Zealand (exceptions apply – for
full criteria contact the NZFC –
details overleaf ).
An applicant seeking the grant will not be
eligible for other New Zealand Government
film finance or tax incentives in relation to
the same screen production.
To download full criteria and guidance notes on
Significant Economic Benefits, visit our website
5/14
Film New Zealand also worked with the
NZFC, MBIE and MCH to implement
the ‘significant economic benefits’ points
test, talking with potential applicants,
brokering relationships with respect
to the points test, working with the
verification panel for the points test,
and participating in memorandum
of understanding negotiations and
implementation planning.
New pitching materials developed
Film New Zealand engaged with the
New Zealand industry (line producers,
producers and companies) and the NZFC
on the first phase of a ‘toolkit’ for use by
Film New Zealand and international
screen businesses pitching New Zealand.
The kit includes a presentation on
New Zealand’s competitive advantages.
The prototype was tested in May/
June 2014 in advance of our July 2014
Los Angeles visit to promote the new
incentive. The presentation highlights
elements of interest to US screen
businesses. A detailed worksheet
summarising the benefits of the 20 per
cent grant and requirements for the
five per cent uplift was also created.
We will be expanding this material as
resources allow.
A DECADE OF INTERNATIONAL PRODUCTION
Skyrunners
TELEVISION BUNDLE.
QNZPE $5.304m.
INCENTIVE $0.796m.
Incentives: The New Zealand Screen Production Grant,
Large Budget Screen Production Grant and the Post,
Digital and Visual Effects Grant
Since November 2003, the New Zealand Government has encouraged
international screen production studios to locate their productions in
New Zealand by offering large budget productions an incentive. The original
incentive was known as the Large Budget Screen Production Grant (LBSP
Grant) which was a 12.5 percent rebate on qualifying New Zealand production
expenditure (QNZPE) (goods and services provided in New Zealand).
In 2007, the LBSP Grant was increased to a 15 percent rebate and the Post,
Digital and Visual Effects Grant (PDV Grant) was announced for productions
which undertook post, digital and visual effects work in New Zealand, also
with a 15 percent rebate.
In 2014, the LBSP Grant and PDV Grant were replaced with the New Zealand
Screen Production Grant (NZSPG) for International Productions and the rebate
was increased to 20 percent of QNZPE. The threshold for feature films is
NZ$15 million, for TV NZ$4 million and for PDV projects NZ$1 million.
2005
2006
2007
Power Rangers RPM
TELEVISION BUNDLE.
QNZPE $20.205m.
INCENTIVE $3.031m.
Legend of the Seeker (series 1)
QNZPE $49.437m.
INCENTIVE $7.416m.
District 9
PDV. QNZPE $3.444m.
INCENTIVE $0.517m.
Jumper
PDV. QNZPE $7.275m.
INCENTIVE $1.091m.
Avatar
QNZPE $362.764m.
INCENTIVE $52.921m.
2008
2009
The Wot Wots
PDV (TELEVISION).
QNZPE $3.937m.
INCENTIVE $0.591m.
The Water Horse
QNZPE $75.471m.
INCENTIVE $9.456m.
The Chronicles of Narnia:
The Lion, the Witch and
the Wardrobe
QNZPE $133.828m.
INCENTIVE $16.729m.
Power Rangers Mystic Force
TELEVISION. QNZPE $21.621m.
INCENTIVE $2.703m.
Power Rangers
Operation Overdrive
INCENTIVE $2.823m.
The Day the Earth Stood Still
PDV. QNZPE $23.395m.
INCENTIVE $3.509m.
Aliens in the Attic
[They Came From Upstairs]
QNZPE $34.711m.
INCENTIVE $5.207m.
Bridge to Terabithia
QNZPE $27.855m.
INCENTIVE $3.482m.
King Kong
QNZPE $389.203m.
INCENTIVE $48.650m.
Power Rangers S.P.D
INCENTIVE $3.077m.
Hercules (TV mini series)
INCENTIVE $3.708m.
Boogeyman
QNZPE $17.240m.
INCENTIVE $2.155m.
30 Days of Night
QNZPE $46.641m.
INCENTIVE $5.931m.
The Chronicles of Narnia:
Prince Caspian
QNZPE $71.203m.
INCENTIVE $9.512m.
Underworld 3
QNZPE $30.365m.
INCENTIVE $4.555m.
Power Rangers Jungle Fury
INCENTIVE $3.009m.
X-Men Origins: Wolverine
QNZPE $30.206m.
INCENTIVE $4.531m.
The Lovely Bones
QNZPE $46.098m.
INCENTIVE $6.915m.
Man of Steel
INCENTIVE $6.267m.
Rise of the Planet of the Apes
INCENTIVE $12.364m.
Spartacus – Blood and Sand
INCENTIVE $7.289m.
2010
Iron Man 3
INCENTIVE $3.476m.
ZooMoo (season 1)
INCENTIVE $0.957m.
Evil Dead
QNZPE $15.587m.
INCENTIVE $2.338m.
Dawn of the Planet of the Apes
INCENTIVE $16.857m.
Cirque du Soleil: Worlds Away
PDV. QNZPE $3.876m.
INCENTIVE $0.581m.
Legend of the Seeker (series 2)
QNZPE $53.368m.
INCENTIVE $8.005m.
Gulliver’s Travels
PDV. QNZPE $9.917m.
INCENTIVE $1.488m.
Penguins of Madagascar
PDV (TELEVISION).
QNZPE $6.418m.
INCENTIVE $0.963m.
Power Rangers Samurai/
Super Samurai
INCENTIVE $4.811m.
2011
Abraham Lincoln
Vampire Hunter
PDV. QNZPE $5.813m.
INCENTIVE $0.872m.
2012
2013
2014
The A Team
PDV. QNZPE $3.652m.
INCENTIVE $0.548m.
The Warrior’s Way
QNZPE $42.523m.
INCENTIVE $6.372m.
Yogi Bear
QNZPE $41.542m.
INCENTIVE $6.231m.
Avalon High
TELEVISION BUNDLE.
QNZPE $6.518m.
INCENTIVE $0.978m.
Walking with Dinosaurs 3D
PDV. QNZPE $7.170m.
INCENTIVE $1.075m.
The Adventures of Tintin –
The Secret of the Unicorn
QNZPE $230.960m.
INCENTIVE $34.439m.
Emperor
QNZPE $25.073m.
INCENTIVE $3.761m.
X-Men First Class
INCENTIVE $2.192m.
The Avengers
INCENTIVE $2.235m.
Veggie Tales
PDV (TELEVISION).
QNZPE $3.023m.
INCENTIVE $0.454m.
Spartacus The Prequel –
Gods of the Arena
INCENTIVE $4.421m.
Spartacus – Vengeance
INCENTIVE $9.319m.
Spartacus – War of the Damned
INCENTIVE $9.964m.
Robot and Monster
PDV (TELEVISION).
QNZPE $5.534m.
INCENTIVE $0.830.
The Hunger Games –
Catching Fire
PDV. QNZPE $5.548m.
INCENTIVE $0.832m.
Prometheus
INCENTIVE $2.090m.
The Wolverine
INCENTIVE $1.905m.
The Hobbit Trilogy
(to 31 March 2014)*
QNZPE $1020.349m.
INCENTIVE $153.052m.
Monsters vs. Aliens
PDV (TELEVISION).
QNZPE $4.722m.
INCENTIVE $0.708m.
Kung Fu Panda
PDV (TELEVISION).
QNZPE $6.820m.
INCENTIVE $1.023m.
Power Rangers Megaforce/
Super Megaforce
INCENTIVE $4.627m.
*Note: The Hobbit trilogy is the only production in the list that is still incurring NZ qualifying expenditure.
All figures are NZD and exclude GST.
All productions included in the above timeline received grants under the Large Budget Screen Production Grant.
Source: Ministry of Business, Innovation and Employment, figures to 31 December 2014.
OUR SPECIALIST ENQUIRIES SERVICE
Much of the work Film New Zealand does is to maximise and support international
screen production by helping filmmakers and screen producers understand and make
the most of New Zealand’s creative strengths and financial advantages.
In 2013/14 Film New Zealand received a similar number
of enquiries to the previous year, but for projects of greater
scale and significance. An increase in enquiries classified as
serious prospects meant the enquiries team was very busy.
We attribute much of this increase to the new incentives, and
to marketing activity relating to the new New Zealand Screen
Production Grant (NZSPG).
As well as providing detailed advice and extensive services
to confirmed productions, Film New Zealand facilitated
an unprecedented number of scouts, recces and hosting
opportunities – the enquiries team was involved with (and
funded wholly or partly) 12 recces of New Zealand, compared
with four in the 2012/13 year. Financial assistance is provided
only when a project or production has provided enough
information to demonstrate real capacity to convert to
production in New Zealand.
The number of enquiries spiked after the announcements of
changes to the television incentives in July 2013 and the change
to the NZSPG in April 2014.
The 2013/14 year
This financial year Film New Zealand’s enquiries staff
handled 447 recorded new enquiries. This was slightly fewer
general enquiries than last year; however the number and
seriousness of real prospects rose, notably in the television
genre with 12 more than the previous year. We received more
advanced-stage enquiries requiring more in-depth assistance
than in previous years.
A general enquiry may seek an overview of incentives,
locations, budgets and so on. A prospect is a similar general
enquiry, but related to a specific or known screen production
for which New Zealand is being actively considered as a
production destination.
Of the 188 new enquiries classified as prospects during the
year, 49 advanced to considering New Zealand in depth.
Including ongoing enquiries that originated in previous years,
this bespoke assistance was provided by Film New Zealand to a
total of 61 projects this year.
As is to be expected, the majority of our prospects were
American in origin, followed by ‘NZ – International’, where
the enquirer is in New Zealand but servicing or making
an international production. These enquiries also include
Total Enquiries 2012/13 & 2013/14
In depth assistance to new projects by type
500
60
400
Prospect
300
Television
40
General
200
Film
20
100
0
0
2012/13
2013/14
2012/13
2013/14
We have met Government objectives when serious international screen projects are actively considering
New Zealand. Film New Zealand deals with a large volume of high-value enquiries from international and
New Zealand screen businesses each year. Film New Zealand proactively pursues such projects, and our
presence in Los Angeles and our work with New Zealand companies is vital.
New Zealand productions that may be eligible for the NZSPG.
The sharp increase in NZ – International enquiries in 2013/14
reflects more interest from New Zealanders in servicing and
producing international production.
The following productions were confirmed for
New Zealand during the period: the Avatar sequels
(Lightstorm Entertainment), Crouching Tiger Hidden
Dragon II (The Weinstein Company), Z for Zachariah
(Material Pictures, Palomar Pictures and Zik Zak
Filmworks), Power Rangers (Saban Brands) and Sunset
Song (Holdings Ecosse). Zoomoo and Slow West were
being made here in the period.
Project Stage
As always, an assessment of individual projects being assisted
by Film New Zealand reveals the often lengthy period before
a production is green lit. As at 30 June 2014, of the projects
which received bespoke assistance from Film New Zealand in
the last year:
Since the end of the financial year two productions have
been confirmed for New Zealand: The Light Between
Oceans (DreamWorks) and Pete’s Dragon (The Walt
Disney Studios).
seven had been or were being made here
27 were in development and at various stages of considering
New Zealand
10 had gone on to shoot in other countries (for reasons
such as the suitability of locations, seasonal timing or
financial factors)
17 were classified ‘dormant’ or ‘on hold’ because of general
production issues unrelated to New Zealand, such as
problems with financing or a director withdrawing from
the project.
Prospects by Country of Origin 2012/13 & 2013/14
70
60
50
2012/13
40
2013/14
30
20
10
g
Kon
A
ng
US
Ho
UK
r ic a
me
er
ore
th A
gap
S ou
S in
ion
na t
O th
al
ic
es t
ter
– In
NZ
ea
sia
om
l ay
–D
NZ
Ma
Kor
y
an
Jap
I t al
ia
I nd
a ny
in a
nce
rm
Ge
Fr a
Ch
a
nad
Ca
Au
str
a li a
0
MARKETING & COMMUNICATIONS
One of our core roles is marketing and promoting New Zealand as a great place
to do screen business. The 2013/14 year centred on the New Zealand screen
production incentives and leveraging international interest in major national
and international productions.
Multiple channels were used to get our messages across
including international industry events, tradeshow presence
in the US and Asia, hosting clients in New Zealand, media
engagement with trade publications and general media
(international and domestic), online communications (web and
social media), industry advisories and direct communications,
advertising, and a programme of international meetings. Film
New Zealand also devoted resources to gathering exclusive
content for promotional use.
NZSPG launch (with New Zealand Film Commission) –
April 2014
New Zealand Screen Incentives Celebrated in Hollywood –
April 2014
Competition Winner 2014 (Lee Aronsohn) announced –
May 2014
New board chair – June 2014
Screen New Zealand – June 2014
International industry advisories
New Zealand Government announces improvements to
incentives – July 2013
LA Practitioners Event Invite – November 2013
New Zealand incentive moves to 20% – December 2013
Celebration of NZ Screen Invitation – March 2014
AFCI Locations Show 2014 evite – March 2014
Improved incentive for international production in
New Zealand – April 2014
Follow up to NZ Screen Celebration – April 2014
Film New Zealand media releases
Screen incentives – July 2013
Screen incentives (with New Zealand Film Commission) –
July 2013
Film New Zealand competition winner Peter Graham
announced – August 2013
Philippa Mossman appointed – September 2013
Film New Zealand wins design accolade in Korea –
October 2013
Media engagement
Film New Zealand was mentioned in 103 media stories
during the year:
42 international media stories
48 of the stories were generated by media releases issued by
Film New Zealand (33 relating to the incentives and 15 to
Z for Zachariah).
During the year the organisation also dealt with 36
separate media enquiries, more than half of them from the
New Zealand media.
NZ industry update mail outs
New Zealand Government announces improvements to
incentives – July 2013
Film New Zealand Competition winner announced –
August 2013
Industry Update – September 2013
Industry Update – November 2013
Film New Zealand Year (and a Half) Book – December 2013
Industry Update – December 2013
Kiwi Filmmakers spread the word about New Zealand in Los
Angeles – December 2013
New Zealand screen incentive moves to 20% –
December 2013
International media release on incentives – December 2013
Industry Update (round up of recent announcements) –
December 2013
Domestic media release on incentives (with New Zealand
Film Commission) – December 2013
Tobey Maguire’s Z for Zachariah to be shot in New Zealand –
December 2013
Improved incentive for international production in
New Zealand – April 2014
Industry Update – May 2014
Industry Update – June 2014
Website
The website has continued to be well-used by the domestic and
international industry, with 77,255 web visits, on a par with the
previous year’s. Interestingly, there was a significant increase
in US visitors to the site.
In 2013, award-winning design company NV Interactive was
engaged to redesign the website. Much work has gone into
creating a contemporary, user-friendly visual brochure to
promote New Zealand’s international screen industry and
production incentives. Film New Zealand consulted with
various industry groups on their content needs (see Working
in New Zealand) for the new website. The new design ensures
an engaging experience, in keeping with the New Zealand
screen brand.
Social media
Our Facebook page had a sharp increase in Likes in the last half
of the previous financial year due to the activities surrounding
The Hobbit premiere in December 2012. In the 2013/14 year we
built on this, with a steady increase.
Social media highlights for the 2013/14 year:
Bear Grylls retweeted Film New Zealand to more than 1
million followers, July 2013
Interview with James Cameron reached almost 12,000
Group photo from the ‘Celebration of NZ Screen’ in LA
reached almost 23,000
150 page Likes during the first week of April 2014, a
direct result of posts relating to the ‘Celebration of NZ
Screen’ in LA.
Total website sessions per year
90,000
80,000
70,000
60,000
New Zealand: Inspiring Filmmakers
50,000
NZ Home of Middle-earth
40,000
FilmNZ.com
30,000
20,000
10,000
0
2011/12
2012/13
2013/14
MARKETING & COMMUNICATIONS (CONTINUED)
Advertising focussed on the promotion of New Zealand’s screen incentives,
showcasing wherever possible our diversity of production in both film and television.
BIGGER SCREEN INCENTIVES
ALL BUDGETS, ALL GENRES, ALL CREW, ALL POST.
ALL IN ONE COUNTRY.
Locations that have as much character
as the characters in the film
Whatever your budget or your genre, New Zealand has what you
need to bring your film or TV series to life. We offer extraordinary
locations, highly experienced crews and cutting edge technology.
And to help you put more onscreen, we’ve also lowered our
incentive thresholds, like our Post, Digital and VFX grant; which
is down from NZ$3 million to NZ$1 million.
Please get in touch with us to find out more.
filmnz.com
INSPIRING FILMMAKERS
FOR ANY SIZE SCREEN
From 1 April 2014 there will be a range of enhancements to New Zealand’s
screen production incentives. The New Zealand Screen Production Grant raises
the grant for international film and television from 15 to 20 percent. To find out
more about these improvements, and why major international productions are
choosing New Zealand please get in touch.
NEW ZEALAND
Please get in touch with us to find out more.
filmnz.com
NEW ZEALAND
filmnz.com
INSPIRING FILMMAKERS
Avatar © 2009 Twentieth Century Fox Film Corporation.
Top of the Lake Paradise © See-Saw (Top of the Lake) Holdings Pty Ltd.
FNZ0116
Creative Handbook and Visual FX & Post eBook,
October 2013
Beyond Cinema, February to April 2014
BIGGER SCREEN INCENTIVES
Creative Handbook, 2014
TELL US WHY YOU’D LOVE TO FILM IN NEW ZEALAND
And you could win a trip there
Enter when you see us at the Film New Zealand Stand (Booth 401) at the AFCI Locations Show, Hyatt
Regency Century Plaza 27-29 March, and you could win a return trip for two to New Zealand, flying
Air New Zealand premium economy and staying ten nights with Heritage Hotels. New Zealand is a
place where some of the best filmmakers in the world choose to work; tell us why you’d like to join
them and be in to win. See you there.
filmnz.com
NEW ZEALAND
No purchase necessary. Terms and conditions apply, see us at the Film NZ stand at the AFCI Locations Show (booth 401) for details.
FNZ0119
VISIT FILM NEW ZEALAND AT THE LOCATIONS SHOW
For any size screen and for co-productions
AND YOU COULD BE VISITING NEW ZEALAND IN PERSON
From April 1, New Zealand’s screen production incentives will increase,
making it even more attractive to film here. Co-productions will benefit
from an increased rebate level for television, and larger budget film and
television co-productions will now be included. The grant for international
film and television productions will also increase. To find out more, and why
international productions are choosing New Zealand, please get in touch.
nzfilm.co.nz
filmnz.com
Avatar © 2009 Twentieth Century Fox Film Corporation. Spartacus: War of the Damned © 2013 Starz Entertainment, LLC. All rights reserved.
While you’re there find out more about our new screen production incentives.
NEW ZEALAND
Come and see us at the AFCI Locations show, tell us why you would like to bring your production
to New Zealand and you could win a return trip for two to New Zealand, flying Air New Zealand
premium economy and staying ten nights with Heritage Hotels. You can also find out all about New
Zealand’s new screen production incentives. We look forward to welcoming you at Booth 401 at the
AFCI Locations Show, Hyatt Regency Century Plaza 27-29 March.
filmnz.com
NEW ZEALAND
Top of the Lake Paradise © See-Saw (Top of the Lake) Holdings Pty Ltd.
FNZ0115
The Hollywood Reporter, March 2014
Beyond Cinema AFCI
Locations Show Programme
Guide, March 2014
No purchase necessary. Terms and conditions apply, see us at the Film NZ stand at the AFCI Locations Show (booth 401) for details.
FNZ0120
The Hollywood Reporter,
March 2014
NEW ZEALAND
FNZ 0112
Top Of The Lake © See-Saw (Top of the Lake) Holdings Pty Ltd.
FNZ 0113
Clockwise from top left: hoops&yoyo Ruin Christmas: © 2011 Hallmark Licencing, Inc All Rights Reserved. Mr. Pip: © Mr. Pip
Ltd. All Rights Reserved. The Hobbit: An Unexpected Journey: © 2012 Warner Bros. Ent TM Saul Zaentz Co. Avatar: © 2009
Twentieth Century Fox Film Corporation. All rights reserved. Spartacus: 3: ©2012 Starz Entertainment, LLC. All rights reserved.
Emperor: © 2012 Fellers Film. All rights reserved. Courtesy of Fellers Film.
New Zealand’s extraordinary landscape plays a starring role by
inspiring filmmakers’ incredible visions. We also offer you expert
crews, cutting edge VFX and post production, and a new wider
range of screen incentives, including a television production
threshold which has been lowered from NZ $15million to
NZ $4million.
Other marketing activity highlighted New Zealand’s screen business advantages and
involvement in large-scale productions.
The Hobbit
Representation at Cannes Film Festival
Throughout the year imagery and messaging relating to The
Hobbit trilogy were used by Film New Zealand for media,
key industry events and advertising to reinforce the message
of New Zealand’s capability and capacity to create some
of the world’s most complex, large-scale production. Film
New Zealand also attended and organised events in Los
Angeles around the time of the world premiere of The Hobbit:
The Desolation of Smaug (see Working in Los Angeles).
The New Zealand Film Commission hosted a breakfast
presentation in Cannes on doing business with New Zealand
in collaboration with Film New Zealand. Our Auckland
Representative, Libertine Pictures producer Paul Davis, spoke
at the event about the work of Film New Zealand, alongside
presentations by NZFC CE Dave Gibson and Acting Head
of Business Affairs Rochelle Cooney on co-production, the
NZSPG and New Zealand’s competitive advantage for screen
production. Foreign and domestic producers, financiers, agency
staff and other industry figures attended, generating interest
and subsequent meetings about specific projects and wider
opportunities in, with and for New Zealand.
Z for Zachariah
Having decided to bank creative content from international
productions, Film New Zealand, facilitated by Murray Francis,
visited the Z for Zachariah film set on Banks Peninsula in
February 2014 to gather content to promote New Zealand and
New Zealanders’ links to this high-profile production. Material
included interviews with cast members Margot Robbie (Wolf
of Wall Street, About Time) and Chris Pine (Star Trek, This
Means War, Jack Ryan) and key crew including director
Craig Zobel, director of photography Tim Orr, writer Nissar
Modi, production designer Matthew Munn and international
producers Sophia Lin, Steven Johnson, and Joni Sighvatsson,
alongside New Zealanders including line producer Murray
Francis and art director Ken Turner. The array of behindthe-scenes content will be used to showcase the New Zealand
screen industry at work in a stunning location, and will be
released at the same time as the production to maximise
promotional opportunities.
New Line Cinema’s and MGM’s fantasy adventure The Hobbit: An Unexpected Journey.
A Warner Bros. Pictures release. Photo by James Fisher.
Avatar, © 2009 Twentieth Century Fox Film Corporation. All rights reserved.
Spartacus: Vengeance © 2011 Starz Entertainment, LLC. All rights reserved.
THE NEW ZEALAND ADVANTAGE
New Zealand is home to some of the most sophisticated film and television production
on the globe and Film New Zealand is here to help you explore how New Zealand can
benefit your production. We offer a bespoke approach to helping you find the locations,
production services and the detailed information you need. To find out more contact
our specialist enquiries team at [email protected].
International production
incentives at a glance
Generous uncapped incentives
New Zealand values your business, and
as of 1 April 2014 our incentives are even
better. Under the New Zealand Screen
Production Grant international productions
can now receive a 20% rebate on Qualifying
New Zealand Production Expenditure
(QNZPE). This is a grant, not a tax
rebate, and is backed by the New Zealand
Government. There is no fixed budget, and
the fund will not run out. In addition to this
baseline grant, a smaller number of projects
may be eligible for an additional 5% if they
can demonstrate significant economic
benefits to New Zealand.1 Talk to us to
find out more.
Generous definition of Qualifying
New Zealand Production Expenditure
Expenditure includes both goods and
labor. There are no caps on above the line
cast (QNZPE for whatever period they
are in the country) and crew (QNZPE if
they are here for more than 14 days). Most
expenditure items count, including specialist
props created overseas and brought to
New Zealand for the production, and some
international travel.
Liberal definitions of eligible
formats and platforms
Eligible formats include feature films,
scripted and unscripted drama, and
documentary, factual, animated and reality
productions and Post, Digital and Visual
Effects (PDV). 2
Your project will need to meet the following
QNZPE thresholds:
Feature Film
nz $15 million
Television and other
non-feature film formats
nz $4 million
Post, Digital and VFX
nz $1 million
For television there is no minimum
requirement for duration per episode or
minimum expenditure per commercial hour,
and production can span 24 months (or more
under some circumstances).
Eligible distribution/delivery platforms
include main attraction cinema or Imax
screenings, all forms of television, DVD/
Blu-ray, internet, video on demand, mobile
phone and other mass distribution devices.
Applicants can apply for grants for pilots and
subsequent series separately.
There are also other substantial savings to
your bottom line, with the absence of fringe
benefit taxes on wages, a no-fault accident
insurance scheme and a flexible labor force.
A grant is also available for international coproductions and New Zealand productions
– contact us for more detail.
No fringes
The labor market is deregulated –
that means no payroll tax, union
fringes, or personal benefits
such as holiday pay, health,
or government levies. This
represents significant savings for
your production.
Our summer is your winter
Our seasons are the opposite of
those in the Northern Hemisphere,
so when you need to shoot snow
in July or wheat fields in February
we can help.
Cast and crew depth
Home to Oscar® and Emmy®
award-winning creatives and
crew, New Zealand can host
multiple international and domestic
productions at any one time.
New Zealand has an array of
experienced international cast
encompassing a wide range of
looks and ethnicities.
It’s easy to do business here
We speak English. New Zealand
ranks #3 on the World Bank’s
annual ease of doing business
index, and we are also known as
one of the least corrupt countries in
the world.³ Our immigration process
is simple and straight-forward.
By choosing New Zealand you’re
opting to work in a safe, stable
country that represents exceptional
production value.
1. Detailed criteria available after 1 April 2014 2. Excluding advertising, pornography, training, computer games, public events or programs made principally for the New Zealand market.
3. New Zealand is ranked #1 for perceived lack of corruption in the Corruption Perceptions Index published by Transparency International.
10/14
INDUSTRY COLLABORATION
During the 2013/14 year Film New Zealand engaged with a wide range of New Zealand
businesses, agencies and individuals both in and outside the screen industry. These
fruitful partnerships and collaborations have allowed us to extend our work well
beyond what we could do on our own.
This year, particular thanks are due to the following:
Xtreme Freight Forwarding (NZ) Ltd for their ongoing
assistance with freight to all of Film New Zealand’s overseas
events and tradeshows.
Park Road Post Production for our joint venture in Los Angeles.
For BIFCOM 2013 and AFCI Locations Show 2014:
New Zealand Trade and Enterprise for their long standing
support at BIFCOM.
Auckland Film Studios, Studio West, NHNZ, Teaspoon
Films, Heliworks, Gibson Group, Exposure and Destination
Queenstown for providing collateral to give out on the stand
at BIFCOM.
For AV material to play on the stands at BIFCOM and
Locations; Warners Bros, Weta Digital, See-Saw Films, Gary
Foster and Fellers Films, Rob Tapert and Starz, Lightstorm
Entertainment , NHNZ, Images & Sound, Making Movies (for
NZ From Above), Sauce FX Studios, Tourism New Zealand,
Park Road Post Production, William Grieve of Big Pictures, and
Air New Zealand (for the safety video).
For AFCI Cineposium 2013:
Korean film producer and AFCI Board member Kevin Chang
for his invitation to Gisella Carr to attend, and lawyer Michael
Stephens and producer Sue Thompson and for their assistance
with introductions for director Michael Bennett.
For the Film New Zealand competition to win a trip to
New Zealand (2013 and 2014):
Air New Zealand and Heritage Hotels for once again
sponsoring the prize packages.
2013 competition winner Peter Graham for taking time in
his visit to meet with New Zealand producers; Minter Ellison
Rudd Watts for providing a superb venue and catering; and
the New Zealand producers, line producers and production
accountants who attended and provided feedback.
For The Hobbit VIP event on the ‘Book of
New Zealand’:
NZ Inc including Tourism New Zealand, MFAT and NZTE
for hosting international screenings attended by Film
New Zealand guests.
For the Film New Zealand specialist screen
practitioners’ event in LA:
Tourism New Zealand, Icebreaker and Trilogy for providing
quality New Zealand items for the goodie bags, and Jared
Connon for capturing the evening in images.
For the Avatar announcement:
Lightstorm Entertainment, James Cameron and Jon Landau
for doing an exclusive interview for Film New Zealand
and the NZFC.
For the Z for Zachariah promotional shoot:
Line producer Murray Francis for facilitating the shoot, Z4Z
New Zealand Ltd, Skuli Malmquist from Zik Zak Filmworks,
Thorir Sigurjonsson, Joni Sighvatsson from Palomar Pictures,
Matthew Plouffe from Material Pictures, Sophia Lin, Steve
Bannatyne, Steven Johnson, and director Craig Zobel for going
out of their way to assist us, and location owner David Round
and the fantastic cast and crew.
For Z for Zachariah hosting:
Spire Hotel, Destination Queenstown, Dart River Jet
Boat, Glacier Southern Lakes Helicopters and Blanket Bay
restaurant for providing services to our visitors.
For Karen Fouts’ visit:
Images & Sound, Weta Workshop, Stone Street Studios, Park
Road Post Production, Weta Digital, Ministry of Business,
Innovation and Employment (MBIE), Ministry for Culture
and Heritage (MCH) and the New Zealand Film Commission
(NZFC) for assisting with hosting and tours.
For international project recce additional funds:
The Weta group of companies and Wellington City Council.
For the ‘Celebration of New Zealand Screen’
event in LA:
Icebreaker, Trilogy, the New Zealand Symphony Orchestra,
Air New Zealand, Heritage Hotels, RJ’s Licorice, Pic’s Peanut
Butter, Craggy Range, Dub Pies, Broadleaf (New Zealand lamb)
and Broken Shed Vodka for providing their quality products.
Mullholland Drive home owners Richard Klug and Adam
Schmidt and chef Ueli Giezendanner for their hospitality.
New Zealand actor and producer Fleur Saville for her
assistance with the event organisation.
MFAT and Leon Grice for their support.
For Film New Zealand website industry liaison:
Images & Sound for their input and providing a venue
for meetings in Auckland, line producers and production
accountants Annie Dodman, Bridget Bourke, David Rowell,
Janne Harewood, Pieter Holl, Janine Dickins, Murray
Francis, Sally Campbell, Tim Coddington (snow report) and
Liz DiFiore, Toybox, Sauce FX Studios, Weta Digital, Park
Road Post Production, Weta Workshop, Flux Animation,
Pukeko Pictures, NHNZ, Oktobor, US studios (Warner Bros,
Fox, Paramount), Regional Film Offices New Zealand, Actors
Agents Association of New Zealand, Film New Zealand
Board members Miranda Harcourt and Julie Elstone, and the
New Zealand Advertising Producers Group for their input. Our
thanks also to the businesses and individuals who allowed us to
use their images on the new website.
For the incentives ‘toolkit’:
Images & Sound for their meeting venue and input, line
producers and production personnel Annie Dodman, Bridget
Bourke, David Rowell, Janne Harewood, Pieter Holl, Janine
Dickins, Murray Francis, Sally Campbell and Liz DiFiore,
WIFT and Naomi Wallwork (NZFC Screen Incentives
Manager) for their input.
For DOC Conservation Management Strategy
submissions:
Our colleagues at DOC head office and conservancies; Regional
Film Office colleagues; and location scouts, in particular
Clayton Tikao.
For the WIFT incentives seminars:
WIFT and Patricia Watson (National Manager) for inviting
Film New Zealand to present at industry ‘intensives’ in
Auckland and Wellington. Other panellists included Corrie
Soeterboek, CEO, First Australian Completion Bond Company
Pty Ltd; Phil Gore, Director, Pieter Holl & Associates; Naomi
Wallwork, Screen Incentives Manager, NZFC; and Sharon
Menzies, Managing Director, Fulcrum Media Finance.
Our NZ Inc and local authority colleagues with whom
we worked on multiple projects throughout the year:
Ministry of Business, Innovation and Employment, Ministry of
Foreign Affairs and Trade, New Zealand Trade and Enterprise,
Tourism New Zealand, Immigration New Zealand, Department
of Conservation, Statistics New Zealand, Regional Film Offices
New Zealand and individual RFOs.
The New Zealand Film Commission and NZ On Air:
Our Screen New Zealand partners the NZFC and NZ On Air
are collaborators on numerous projects, sharing resources
and expertise both internationally and domestically –
we thank them.
And last but by no means least our New Zealand
screen industry colleagues:
All the New Zealand companies, line producers, location
scouts, individuals and companies who continue to give
their time and energy to helping Film New Zealand with our
enquiries and marketing.
Thank you!
FINANCIAL STATEMENTS
INDEPENDENT AUDITOR’S REPORT
TO THE TRUSTEES OF FILM NEW ZEALAND TRUST
Report on the Financial Statements
We have audited the financial statements of Film New Zealand
Trust on pages 24 to 28, which comprise the statement of
financial position as at 30 June 2014, and the statement
of financial performance and statement of movements in
equity for the year then ended, and a summary of significant
accounting policies and other explanatory information.
This report is made solely to the Trustees, as a body, in
accordance with Section 10.2 of the Trust Deed. Our audit has
been undertaken so that we might state to the Trustees those
matters we are required to state to them in an auditor’s report
and for no other purpose. To the fullest extent permitted by law,
we do not accept or assume responsibility to anyone other than
the Trustees, as a body, for our audit work, for this report, or for
the opinions we have formed.
Board of Trustees’ Responsibility for the
Financial Statements
The Board of Trustees is responsible for the preparation and
fair presentation of financial statements, in accordance with
generally accepted accounting practice in New Zealand,
and for such internal control as the Board of Trustees
determine is necessary to enable the preparation of financial
statements that are free from material misstatement, whether
due to fraud or error.
An audit involves performing procedures to obtain audit
evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditor’s
judgement, including the assessment of the risks of material
misstatement of the financial statements, whether due
to fraud or error. In making those risk assessments, the
auditor considers internal control relevant to the entity’s
preparation and fair presentation of the financial statements
in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion
on the effectiveness of the entity’s internal control. An audit
also includes evaluating the appropriateness of the accounting
policies used and the reasonableness of accounting estimates,
as well as the overall presentation of the financial statements.
We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our
audit opinion.
Other than in our capacity as auditor and the provision of
taxation advice, we have no relationship with or interests in
Film New Zealand Trust. These services have not impaired our
independence as auditor of Film New Zealand Trust.
Opinion
In our opinion, the financial statements on pages 24 to 28
present fairly, in all material respects, the financial position of
Film New Zealand Trust as at 30 June 2014, and its financial
performance for the year ended on that date in accordance with
generally accepted accounting practice in New Zealand.
Auditor’s Responsibilities
Our responsibility is to express an opinion on these financial
statements based on our audit. We conducted our audit in
accordance with International Standards on Auditing and
International Standards on Auditing (New Zealand). Those
standards require that we comply with ethical requirements
and plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free from
material misstatement.
Chartered Accountants
12 November 2014
Auckland, New Zealand
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2014
APPROVAL BY THE BOARD OF TRUSTEES
The Trustees are pleased to present the financial
statements for Film New Zealand Trust for the year
ended 30 June 2014.
Signed on behalf of the Board of Trustees
John McCay
Chair
Date
BOARD OF
TRUSTEES
TRUSTEE
BACKGROUND
Grant Baker
Managing Partner
(appointed 1 October 2013)
Julie Elstone
Producer
Allan Freeth
Chief Executive
Officer (resigned 24
December 2013)
Julian Grimmond
Producer, Chairman
(resigned 30 June 2014)
Miranda Harcourt
Actress/Coach
Garry Little
Managing Director
(resigned 1 August 2013)
John McCay
Lawyer, Chairman
(appointed Chair 1
July 2014)
Catherine Madigan
Producer
Joshua Ruffell
Director
NATURE OF BUSINESS
Film New Zealand Trust is New Zealand’s national
film locations office providing information,
introductions and support to filmmakers both
internationally and nationally.
Film New Zealand Trust receives grants and
contributions from Ministry of Business, Innovation
and Employment, New Zealand Trade and Enterprise,
New Zealand Film Commission and a range of other
parties to fund its operations.
In addition to its operating funding, Film
New Zealand Trust was successful in raising income
for specific projects from a number of corporate and
government sources throughout the year. Partnership
and sponsorship revenues were significantly in excess
of figures shown here, as a number of projects also
attracted in-kind support and matching funds not
paid direct to Film New Zealand Trust.
AUDITORS
SOLICITORS
BANKERS
Deloitte
PO Box 1990
Wellington
Minter Ellison
Rudd Watts
PO Box 2793
Wellington
ASB Bank
Limited
PO Box 5375
Wellington
STATEMENT OF ACCOUNTING POLICIES
The financial statements of Film New Zealand Trust
have been prepared in accordance with the Financial
Reporting Act 1993 and the Trust Deed. The Trust
was formed on 13 June 2011.
1 Basis of Preparation
These financial statements have been prepared on
the historical cost basis. The reporting currency is
New Zealand dollars.
On July 2011, the previous Film New Zealand
Trust was wound up and the assets and liabilities
transferred to this Trust with the same name. The
assets and liabilities were recorded at assessed fair
value as the deemed cost to the Trust. This is the third
year of operation for the new Trust.
Film New Zealand Limited is the sole trustee of
the Film New Zealand Trust. The Chair of Film
New Zealand Limited is the registered holder of
100 shares in Film New Zealand Limited, which the
Chair holds under a declaration of trust in favour
of the New Zealand screen industry. On this basis
consolidated financial statements have been prepared
combining both parent and group amounts.
Going Concern
These financial statements have been prepared on a
going concern basis.
2 Specific Accounting Policies
2.4 Finance and Operating Leases
The specific accounting policies used in the
preparation of the financial statements are as follows:
Assets acquired under finance leases are capitalised
and depreciated on a straight line basis over the term
of the leases.
2.1 Revenue Recognition
Grants identified against specific projects are only
recognised as revenue in the Statement of Financial
Performance when either projects are completed or
certain milestones have been achieved. The portion of
a grant relating to incomplete projects is deferred as
grants in advance.
2.2 Fixed Assets and Depreciation
Fixed Assets are recorded on a historical cost basis
less accumulated depreciation, except for certain
assets that have been recognised at estimated value
when ownership was transferred.
All Fixed Assets are depreciated on a straight-line
basis. Depreciation has been calculated using the
maximum rates permitted by the Income Tax Act
2007. The rates used are:
Office & Computer Equipment
Computer Software
Furniture and Fixtures
40.0%
40.0%
10.5%
2.3 Taxation
The Trust does not qualify for charitable status and is
subject to income tax. Taxation is accounted for on a
tax payable basis.
Operating lease rentals are recognised evenly over
the expected period of benefit to the Trust.
2.5 Foreign Currency Transactions
Transactions denominated in foreign currencies
are translated into the reporting currency using the
exchange rate in effect at the transaction date.
2.6 Differential Reporting
The Trust qualifies for differential reporting
exemptions, as it does not have public accountability
and is not considered a large business. Accordingly,
it has taken advantage of all differential reporting
exemptions allowed under the Framework for
Differential Reporting.
2.7 Goods and Services Tax
These financial statements have been prepared on a
GST exclusive basis. GST receivable at balance date is
included in current assets. Receivables and payables
are disclosed inclusive of GST.
2.8 Changes in Accounting Policies
There have been no changes in accounting policies
over the past financial year.
FINANCIAL STATEMENTS (CONTINUED)
STATEMENT OF FINANCIAL PERFORMANCE
Notes
Group &
Parent
2014
$
Group &
Parent
2013
$
OPERATING REVENUE
Ministry of Business, Innovation and Employment
New Zealand Film Commission
Other Government Contracts
Other Income
Sponsorship
1,300,000
40,000
50,115
19,000
1,133,000
40,000
93,004
1,200
60,000
TOTAL OPERATING REVENUE
1,409,115
1,327,204
95,091
4,348
516,666
225,125
31,602
210,278
146,129
190,613
104,527
38,736
390,836
162,322
41,396
184,922
3,208
153,160
260,608
1,419,852
1,339,715
(10,737)
(12,511)
3,597
4,848
(7,140)
(7,663)
-
-
(7,140)
(7,663)
Group &
Parent
2014
$
Group &
Parent
2013
$
OPENING EQUITY
102,169
109,832
Net Loss for the year
(7,140)
(7,663)
EQUITY AT END OF YEAR
95,029
102,169
OPERATING EXPENSES
Attendance at Markets and General Overseas Visits
Business Attraction System Tools
Employee Expenses including ACC and Training
Enquiry Servicing
Film NZ Trust Board
General Operating and Premises
Industry Surveys, Submissions and Regional Film Offices
Marketing and Promotion including Online Expenses
Partnership Projects
1
1
TOTAL OPERATING EXPENSES
OPERATING LOSS BEFORE INTEREST AND TAXATION
Interest Income
OPERATING LOSS BEFORE TAXATION
Taxation
NET LOSS FOR THE YEAR
2
STATEMENT OF MOVEMENTS IN EQUITY
The Statement of Accounting Policies (page 25) and the Notes to the Financial Statements
(page 28) form an integral part of these Financial Statements.
STATEMENT OF FINANCIAL POSITION
Notes
Group &
Parent
2014
$
Group &
Parent
2013
$
Accumulated Funds
95,029
102,169
TOTAL EQUITY
95,029
102,169
49,345
234,234
4,055
11,873
5,169
1,187
106,863
162,195
9,860
–
–
1,635
305,863
280,553
67,733
18,967
67,733
18,967
TOTAL ASSETS
373,596
299,520
CURRENT LIABILITIES
Accrued Expenses
Accounts Payable
Employee Entitlements
Funds Held in Trust – Christchurch Earthquake
PAYE
Revenue in Advance
132,138
69,390
62,070
1,968
13,001
–
84,060
52,635
40,428
1,968
11,140
7,120
TOTAL CURRENT LIABILITIES
278,567
197,351
95,029
102,169
EQUITY
CURRENT ASSETS
Accounts Receivable
Bank Accounts
GST Receivable
Prepayments
Sundry Receivable
Taxation Refundable
3
4
TOTAL CURRENT ASSETS
NON CURRENT ASSETS
Fixed Assets
TOTAL NON CURRENT ASSETS
NET ASSETS
The Statement of Accounting Policies (page 25) and the Notes to the Financial Statements
(page 28) form an integral part of these Financial Statements.
5
FINANCIAL STATEMENTS (CONTINUED)
NOTES TO FINANCIAL STATEMENTS
Group &
Parent
2014
$
Group &
Parent
2013
$
1 OTHER EXPENSES INCLUDED
Auditors’ Fees
Chair’s Management Fee
Rental of Premises
Photocopier Lease
6,500
5,000
68,300
2,892
5,400
20,000
60,000
2,892
2 TAXATION REFUNDABLE
Operating Surplus per Statement of Financial Performance
Add back 50% Delegations/Hosting/Functions – Non Deductible
Net Loss before Taxation
Loss before Taxation
(7,140)
3,561
(3,579)
–
(7,663)
3,021
(4,642)
–
–
1,187
1,187
–
1,635
1,635
37,944
2,201
–
9,200
49,345
63,829
1,473
1,311
40,250
106,863
At Cost or Transfer Value
Accumulated Depreciation
Total
56,116
(44,599)
11,517
50,689
(48,652)
2,037
Software
At Cost
Accumulated Amortisation
Total
60,903
(60,903)
–
60,903
(55,794)
5,109
Office Furniture and Fixtures
Total
16,306
(7,477)
8,829
18,427
(6,606)
11,821
Website
Total
47,387
–
47,387
–
–
–
TOTAL FIXED ASSETS
67,733
18,967
6,611
5,102
1,469
13,182
4,353
10,200
1,660
16,213
65,392
73,399
138,791
12,892
3,374
16,266
Provision for Taxation @ 33%
Less Resident Withholding Tax Receivable
Taxation Refundable
Film New Zealand Trust has accumulated tax losses of $15,494 to carry forward (2013: $11,915).
The utilisation of these losses is subject to certain statutory requirements being met.
3 ACCOUNTS RECEIVABLE
Ministry of Business, Innovation and Employment
Other
Regional Offices
Sponsorship
Total
4 FIXED ASSETS
The Website is due to be completed in the next financial year. Depreciation of 50% on a straight line basis will be applied.
Depreciation and Amortisation expense for the year is as follows:
Computer Software
Furniture and Fixtures
Total
5 FINANCE AND OPERATING LEASE COMMITMENTS
Non-Cancellable Operating Lease Payments
Operating leases include property rental and photocopier rental
Current
Non Current
Total
6 CAPITAL COMMITMENTS
There is no future capital expenditure commitment as at 30 June 2014 (2013: None).
7 CONTINGENT LIABILITIES
There are no contingent liabilities as at 30 June 2014 (2013: None).
8 RELATED PARTIES
During the year Film New Zealand Trust paid $11,821 in legal fees (2013: $7,797) to
Minter Ellison Rudd Watts. A Partner of this firm is John McCay, a Trustee of the Trust.
Film New Zealand, PO Box 24142, Wellington 6142, New Zealand
+64 4 385 0766, [email protected], www.filmnz.com

yearbook 2013/14

Transcription

Similar documents

Georgia Tech`s Pacific Study Abroad Program

Early European Explorers Vasco Núñez de Balboa Vasco Núñez de

LINDA M. JENKINSON CHAIRMAN – LESCONCIERGES, INC

Whakataukī Māori Proverb

tierney gearon - Zeitgeist Films

Anthea Blanco 2010

NEW_ZEALAND_3_files/New Zealand

CARPRO 1 DAY. ENTRY LEVEL

Home +Design - Sandra Nunnerley Inc.

Book details - Aries Publishing