Vision TV

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
314600834 Vision TV ZoomerMedia Limited Olympus Management Limited Specialty (category A service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 8,791,505 8,656,002 -1.54 8,751,665 1.11 8,549,500 -2.31 8,524,892 -0.29 -0.8
DTH revenue 3,103,700 3,092,435 -0.36 3,147,475 1.78 3,067,900 -2.53 3,064,310 -0.12 -0.3
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 4,187,414 4,684,672 11.88 5,257,703 12.23 6,325,201 20.30 6,097,611 -3.60 9.9
Other revenue 9,848,872 9,611,338 -2.41 9,561,680 -0.52 9,660,371 1.03 9,572,488 -0.91
Total Revenue 25,931,491 26,044,447 0.44 26,718,523 2.59 27,602,972 3.31 27,259,301 -1.25 1.3

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 11,000,984 20,055,496 82.31 11,584,854 -42.24 13,430,464 15.93 17,157,657 27.75 11.8
Technical 1,405,372 1,318,472 -6.18 1,189,393 -9.79 1,089,234 -8.42 951,979 -12.60 -9.3
Sales and Promotion 2,107,674 1,263,972 -40.03 997,656 -21.07 603,049 -39.55 517,012 -14.27 -29.6
Administration and General 2,872,009 2,437,751 -15.12 3,761,284 54.29 1,164,491 -69.04 1,243,459 6.78 -18.9
Total Expenses 17,386,039 25,075,691 44.23 17,533,187 -30.08 16,287,238 -7.11 19,870,107 22.00 3.4

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 8,545,452 968,756 9,185,336 11,315,734 7,389,194
Depreciation 795,364 1,244,202 56.43 2,376,795 91.03 790,798 -66.73 555,740 -29.72 -8.6
P.B.I.T. 7,750,088 -275,446 6,808,541 10,524,936 6,833,454
Interest Expense 0 700,559 n/a 300,102 -57.16 78,372 -73.88 20,148 -74.29
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a 0 n/a
Pre-tax Profit 7,750,088 -976,005 6,508,439 10,446,564 6,813,306

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 6,620,280 16,517,701 149.50 7,985,484 -51.65 9,777,721 22.44 13,797,651 41.11 20.2
Script & concept 203,873 28,253 -86.14 0 -100.00 -21,816 n/a 12,000 -155.01 -50.7
Filler Programming + Program Production 3,122,354 598,274 -80.84 680,181 13.69 698,183 2.65 729,795 4.53 -30.5
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 9,946,507 17,144,228 72.36 8,665,665 -49.45 10,454,088 20.64 14,539,446 39.08 10.0
Canadian Programming/Revenue (%) 38.36 65.83 32.43 37.87 53.34

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 4,663,936 4,663,936 0.00 3,939,605 -15.53 4,334,346 10.02 1,177,035 -72.84 -29.1
Total Staff Count 60 60 0.00 60 0.00 60 0.00 53 -11.67
Avg Remuneration 77,732 77,732 0.00 65,660 -15.53 72,239 10.02 22,208 -69.26 -26.9

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 9,299,600 9,325,802 0.28 9,411,698 0.92 9,346,386 -0.69 9,371,194 0.27 0.2

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 33.0 3.7 34.4 41.0 27.1
P.B.I.T. Margin 29.9 -1.1 25.5 38.1 25.1
Pre-tax Margin 29.9 -3.7 24.4 37.8 25.0
Date modified: