Nova Scotia Independent Production Fund Annual Report 2016-2017 (Invest Nova Scotia)

Summary

• Between June 9, 2016 and March 31, 2017, the fund received 6 applications and funded 4 projects.p.8
• Total project commitments were $559,280, all in English-language projects in Nova Scotia.p.8
• Total revenue was $562,287, including $502,513 of independent production fund contributions and $55,584 of recoveries of film production equity investments.p.17
• Eastlink Television provided $690,135 during the year to fund equity investments.p.21
• Cash and cash equivalents stood at $736,400 at March 31, 2017, against commitments payable of $546,138.p.16
• Administrative expenses totalled $3,007.p.22

Key insights

1. The fund was certified by the CRTC as an independent production fund on June 9, 2016 and was incorporated on April 1, 2016 by Nova Scotia Business Incorporated.p.3
2. Film production equity investments of $559,280 were the main expense.p.17
3. Cash and cash equivalents increased by $478,821 over the year.p.18
4. Deferred revenue was $217,205 at year end.p.16
5. Interest income was $4,190.p.17
6. The Project Selection Committee members have a combined 30 years of experience in the industry.p.10