Kaanal
Projected final cost against budget, what is committed but unspent, what Kaanal has sold and collected, and what each participant takes once the waterfall has run. Production cost is capitalised until release, so none of the cost on this screen is a charge against the result.
Projected final cost against budget, what is committed but unspent, what Kaanal has sold and collected, and what each participant takes once the waterfall has run. Production cost is capitalised until release, so none of the cost on this screen is a charge against the result.
Kaanal, in INR lakh. Projected final cost is spend to date plus what is committed plus the cost still to complete, and it is an estimate.
Kaanal, in INR lakh. Projected final cost is spend to date plus what is committed plus the cost still to complete, and it is an estimate.
Projected final cost
INR lakhWhat Kaanal will have cost when it is finished: what has been spent, what is already committed, and what is still to be spent. Spend to date is one of the three inputs, never the answer.
What Kaanal will have cost when it is finished: what has been spent, what is already committed, and what is still to be spent. Spend to date is one of the three inputs, never the answer.
Against an approved budget of — a variance of , 11.4% over. Art direction and sets, visual effects and production and unit carry 76 per cent of it.
| Department | BudgetINR lakh | ProjectedINR lakh | VarianceINR lakh |
|---|---|---|---|
| Art direction and sets | |||
| Camera, grip and lighting | |||
| Cast — lead and featured | |||
| Contingency | |||
| Costume and makeup | |||
| Director and technical crew | |||
| Finance cost on production loan | |||
| Music and background score | |||
| Post — edit, grade, sound | |||
| Production and unit | |||
| Visual effects | |||
| Kaanal |
Kaanal will cost 11 per cent more than it was approved to
INR lakh. Spend to date, then what is committed, then what is still to come.
The approved budget by department of Sixteen Frames Films, read from Tally Prime. Cost to complete is the production’s own estimate rather than a ledger figure.
Art direction and sets, visual effects and production and unit account for 76 per cent of the overrun on Kaanal
INR lakh. The bar is projected final cost; the dashed rule is the budget.
The approved budget by department of Sixteen Frames Films, read from Tally Prime. Projected is spent plus committed plus cost to complete.
Production cost is capitalised: every figure here is added to work in progress and carried as an asset. None of it is a cost of revenue and none of it reaches profit or loss. What is charged against revenue is the amortisation of a released picture, and Kaanal has not been released — so its cost, at any size, changes the result by nothing. The approved budget by department of Sixteen Frames Films, read from Tally Prime. Cost to complete is the production’s own estimate rather than a ledger figure, so projected final cost and the variance built on it are estimates and carry the mark. Contingency is 100.0% intact.
Production cost is capitalised: every figure here is added to work in progress and carried as an asset. None of it is a cost of revenue and none of it reaches profit or loss. What is charged against revenue is the amortisation of a released picture, and Kaanal has not been released — so its cost, at any size, changes the result by nothing. The approved budget by department of Sixteen Frames Films, read from Tally Prime. Cost to complete is the production’s own estimate rather than a ledger figure, so projected final cost and the variance built on it are estimates and carry the mark. Contingency is 100.0% intact.
Cumulative spend against budget
INR lakhWhat has actually been paid out, month by month, against the budget Kaanal was approved at. The spend is grouped from the ledger, so it is a measurement rather than a plan.
What has actually been paid out, month by month, against the budget Kaanal was approved at. The spend is grouped from the ledger, so it is a measurement rather than a plan.
Kaanal has paid out 40 per cent of its budget over 29 months
INR lakh, cumulative from the first month posted. The dashed rule is the approved budget.
Production spend by month of Sixteen Frames Films, read from Tally Prime.
The curve is spend alone, and it is deliberately not the headline: what the picture will cost is spend plus commitment plus cost to complete, which is the figure at the top of this screen. A burn-up that stopped short of the budget line would still say nothing about what has already been signed away. Production cost is capitalised: every figure here is added to work in progress and carried as an asset. None of it is a cost of revenue and none of it reaches profit or loss. What is charged against revenue is the amortisation of a released picture, and Kaanal has not been released — so its cost, at any size, changes the result by nothing. Production spend by month of Sixteen Frames Films, read from Tally Prime.
The curve is spend alone, and it is deliberately not the headline: what the picture will cost is spend plus commitment plus cost to complete, which is the figure at the top of this screen. A burn-up that stopped short of the budget line would still say nothing about what has already been signed away. Production cost is capitalised: every figure here is added to work in progress and carried as an asset. None of it is a cost of revenue and none of it reaches profit or loss. What is charged against revenue is the amortisation of a released picture, and Kaanal has not been released — so its cost, at any size, changes the result by nothing. Production spend by month of Sixteen Frames Films, read from Tally Prime.
The slate
8 picturesEvery picture in the books, and what each one has cost. A picture in production carries its cost as work in progress; a released picture carries the same cost as an asset that is amortised against what it earns. Neither is an expense of the period.
Every picture in the books, and what each one has cost. A picture in production carries its cost as work in progress; a released picture carries the same cost as an asset that is amortised against what it earns. Neither is an expense of the period.
| Picture | State | BudgetINR lakh | ProjectedINR lakh |
|---|---|---|---|
| Kaanal reported above | Production | ||
| Vellaripravu | Production | ||
| Neelakkurinji | Released | not held | not held |
| Kadalkarayil | Released | not held | not held |
| Thirike | Released | not held | not held |
| Mazhavillu | Released | not held | not held |
| Ottakkaran | Released | not held | not held |
| Pathiravu | Released | not held | not held |
The production register of Sixteen Frames Films, read from Tally Prime. The approved budget by department of Sixteen Frames Films, read from Tally Prime. A picture with no budget entered shows no cost rather than a nought: an unbudgeted picture and a picture budgeted at nothing are different things.
The production register of Sixteen Frames Films, read from Tally Prime. The approved budget by department of Sixteen Frames Films, read from Tally Prime. A picture with no budget entered shows no cost rather than a nought: an unbudgeted picture and a picture budgeted at nothing are different things.
Collections
What has been sold, right by right, and what has actually been collected against it. A contract that is not signed is an expectation rather than a receivable, and is marked as one.
What has been sold, right by right, and what has actually been collected against it. A contract that is not signed is an expectation rather than a receivable, and is marked as one.
No rights have been sold on Kaanal.
Until a right is sold there is nothing to collect, and no recoupment to run the collections through.
The rights contracts of Sixteen Frames Films, read from Tally Prime.
The rights contracts of Sixteen Frames Films, read from Tally Prime.
Recoupment
INR lakhWhat the collections pass through before anything reaches the net pool. Recoupment is sequential: each step takes what it is owed out of whatever the step above it left.
What the collections pass through before anything reaches the net pool. Recoupment is sequential: each step takes what it is owed out of whatever the step above it left.
| Order | Step | AmountINR lakh |
|---|---|---|
| 1 | Gross receipts | |
| 2 | Distributor fee and prints | |
| 3 | Off the tops | |
| 4 | Negative cost recoupment | |
| 5 | Investor premium at 20 per cent | |
| 6 | Deferments |
The picture does not recoup: the 5 claims above the net pool take more than it collects
INR lakh. Each step takes its amount out of what the step above it left.
The recoupment waterfall of Sixteen Frames Films. In contractual order.
The recoupment waterfall of Sixteen Frames Films. The order is contractual and the amounts are computed from the collections. The closing step is the net pool, and it is the figure every participation below is a share of.
The recoupment waterfall of Sixteen Frames Films. The order is contractual and the amounts are computed from the collections. The closing step is the net pool, and it is the figure every participation below is a share of.
Participations
INR lakhSolved in closed form, never by iteration. Where a participant takes a share of profit after all participations have been charged the structure is circular, and iterating it converges to a figure nobody can reproduce.
Solved in closed form, never by iteration. Where a participant takes a share of profit after all participations have been charged the structure is circular, and iterating it converges to a figure nobody can reproduce.
Profit before any participation (P) is the net pool of INR lakh. What is left after every participation has been charged (N) is (117).
| Participant | Rate% | ShareINR lakh | Agreement |
|---|---|---|---|
| Lead artist Lead actor | 10.00 | Verbal | |
| Director Director | 5.00 | Documented | |
| Co-producer Co producer | 8.00 | Documented | |
| Featured artist Featured artist | 2.50 | Assumed | |
| Left after every participation | — | (117) | computed here |
The participation terms of Sixteen Frames Films. N = P × (1 − Σ before-basis rates) ÷ (1 + Σ after-basis rates). Each after-basis participant takes rate × N and each before-basis participant takes rate × P, so the identity N + Σ(r·N) + Σ(r·P) = P must hold — and it holds to a residual of 0.0000. 2 of the 4 terms are not documented — Lead artist is verbal, Featured artist is assumed — so those shares are what this application has been told rather than what a signed agreement says. Getting them in writing is the decision this section asks for.
The participation terms of Sixteen Frames Films. N = P × (1 − Σ before-basis rates) ÷ (1 + Σ after-basis rates). Each after-basis participant takes rate × N and each before-basis participant takes rate × P, so the identity N + Σ(r·N) + Σ(r·P) = P must hold — and it holds to a residual of 0.0000. 2 of the 4 terms are not documented — Lead artist is verbal, Featured artist is assumed — so those shares are what this application has been told rather than what a signed agreement says. Getting them in writing is the decision this section asks for.