Title I: FINANCIAL AID FOR THE CREATION OF AUDIOVISUAL WORKS

Advances may be granted to production companies which, either in respect of audiovisual works they have previously produced during the current year, or in respect of new audiovisual works for which they have undertaken production, have exhausted their automatic audiovisual production account.These advances may only be granted on condition that the sums available in the automatic audiovisual production account at the beginning of the current year do not exceed €10,700,000.

Advances are subject to prior authorisation and final authorisation.

The maximum amount of advances that may be granted to a production company during a financial year is determined on the basis of the sum entered, at the beginning of the current year, in the audiovisual production automatic account of that company.This amount is : – €1,525,000 when the amount recorded in the automatic account is less than or equal to €1,525,000;– equal to the amount recorded in the automatic…

For the production of a given work, the advance is allocated and its amount fixed after evaluation of the financial situation of the production company, taking into account the investment allocations it has received during the current year and the reasonable management of its automatic audiovisual production account. Account is also taken of the situation of the automatic audiovisual production account of the companies controlling the production company, those controlled…

The amount of the advance may not exceed 90% of the sum to which the production company will be entitled when the work is included on the list of reference works. This sum is evaluated taking into account the value of the minute point for the current year.

Advances are reimbursed in the amount of 50% of the sums calculated in the following year(s) for the benefit of the beneficiary production companies.The part of the advances that is not reimbursed is retained as a subsidy.