United states securities and exchange commission



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18. Government Assistance

Tax credits earned for film and television production activity for the year ended March 31, 2012 totaled $96.5 million ( 2011 — $57.8 million ; 2010 — $51.7 million ) and are recorded as a reduction of the cost of the related film and television program. Accounts receivable at March 31, 2012 includes $119.4 million with respect to tax credits receivable ( 2011 — $79.6 million ).

The Company is subject to routine inquiries and review by regulatory authorities of its various incentive claims which have been received or are receivable. Adjustments of claims, if any, as a result of such inquiries or reviews, will be recorded at the time of such determination.

19. Segment Information

Accounting guidance requires the Company to make certain disclosures about each reportable segment. The Company’s reportable segments are determined based on the distinct nature of their operations and each segment is a strategic business unit that offers different products and services and is managed separately. The Company has two reportable business segments as of March 31, 2012 : Motion Pictures and Television Production.

Motion Pictures consists of the development and production of feature films, acquisition of North American and worldwide distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and worldwide licensing of distribution rights to feature films produced and acquired.

Television Production consists of the development, production and worldwide distribution of television productions including television series, television movies and mini-series and non-fiction programming.


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LIONS GATE ENTERTAINMENT CORP.

NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS(Continued)

Segmented information by business unit is as follows:



 









































 

Year Ended

 

Year Ended

 

Year Ended

 

March 31,
2012


 

March 31,
2011


 

March 31,
2010


 

(Amounts in thousands)

Segment revenues

 

 

 

 

 

Motion Pictures

$

1,190,289




 

$

1,229,493




 

$

1,119,355




Television Production

397,290




 

353,227




 

350,876




Media Networks






 






 

19,275




 

$

1,587,579




 

$

1,582,720




 

$

1,489,506




Direct operating expenses

 

 

 

 

 

Motion Pictures

$

604,340




 

$

525,919




 

$

491,603




Television Production

304,062




 

269,827




 

278,943




Media Networks






 






 

7,423




 

$

908,402




 

$

795,746




 

$

777,969




Distribution and marketing

 

 

 

 

 

Motion Pictures

$

454,955




 

$

511,795




 

$

471,606




Television Production

28,558




 

35,431




 

32,527




Media Networks






 






 

2,008




 

$

483,513




 

$

547,226




 

$

506,141




Segment contribution before general and administration expenses

 

 

 

 

 

Motion Pictures

$

130,994




 

$

191,779




 

$

156,146




Television Production

64,670




 

47,969




 

39,406




Media Networks






 






 

9,844




 

$

195,664




 

$

239,748




 

$

205,396




General and administration

 

 

 

 

 

Motion Pictures

$

55,473




 

$

48,413




 

$

47,251




Television Production

10,888




 

11,470




 

9,699




Media Networks






 






 

6,194




 

$

66,361




 

$

59,883




 

$

63,144




Segment profit

 

 

 

 

 

Motion Pictures

$

75,521




 

$

143,366




 

$

108,895




Television Production

53,782




 

36,499




 

29,707




Media Networks






 






 

3,650




 

$

129,303




 

$

179,865




 

$

142,252




Acquisition of investment in films and television programs

 

 

 

 

 

Motion Pictures

$

481,234




 

$

313,579




 

$

287,991




Television Production

209,070




 

173,812




 

176,725




Media Networks






 






 

6,371




 

$

690,304




 

$

487,391




 

$

471,087



Segment contribution before general and administration expenses is defined as segment revenue less segment direct operating and distribution and marketing expenses.


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