This is not that unusual of a phenomenon. Movies that are shot in 4:3 format and then modified to 16:9 have to lose part of the top and bottom of scenes to fit the widescreen format. This is a variation of "pan and scan", where films shot in widescreen lose parts of the left and right of the picture when modified to a 4:3 format.
Sometimes films are shot in 4:3 format, but with the intention of cropping them for widescreen release. There are a few such films that, when viewed in full-screen format, have booms or other equipment or things visible in them. That is evident in this movie, in fact. Note that the "Trivia" section mentions a hand being visible moving the cradle in the water toward the end of the movie. That is only visible in the full-screen version; it is not visible in the theatrical release or the DVD.
I have seen a number of films in both widescreen and full-screen format where the full-screen version has things visible at the top and bottom that aren't visible in the widescreen format.
There used to be a web site that explained all this in great detail, with pictures to illustrate the various ways films are cropped for widescreen or full-screen, but I can't find it any more. Here is one site that does show this, using footage from one of the "Lord of the Rings" movies. Look carefully at the pictures, and you will see how both widescreen and full screen films can lose parts of the original footage:
http://scrapbook.theonering.net/scrapbook/movies/sets/rivendell/view/8465
Personally, I always prefer widescreen. You are far more likely to lose important information by cropping the sides of a pictures than the top or bottom.
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