The applicant planned a promotional tour
with an overseas promoter. The agreed budget and the actual tour financials were
as follows:
Income |
|
|
Income from direct sponsorship for the
tour |
$ 50,000 |
|
Net income from performances received
by
applicant from promoter |
$ 50,000
|
|
Aust Council grant |
$ 30,000 |
|
|
$130,000 |
Expenses |
|
|
Fares |
$ 70,000 |
|
Advertising expenses |
$ 40,000 |
|
Accommodation |
$ 80,000* |
|
Other ineligible expenses
(eg
salaries for performers, staging expenses) |
$ 50,000
|
|
|
$240,000
|
Loss |
$110,000 |
*Applicant is deemed to have incurred OVA expenses and Austrade will
factor in $200/day for accommodation
and related expenses except for nights where any overseas person provides
free accommodation.
EMDG eligible expenses |
|
Fares |
$ 70,000 |
|
OVA |
$ 80,000* |
|
Advertising |
$ 40,000 |
|
|
$190,000 |
Ineligible expenses: $ 50,000
The loss percentage factor is total income ,total expenses = 54.16%
Apply this factor to the EMDG eligible
expenses:
$190,000 @ 0.5416 = $ 102,904 is deducted from the claimed expenses.
© Australian Trade Commission