Wightman Telecom Ltd., Clifford

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535426937 Wightman Telecom Ltd., Clifford Wightman Telecom Ltd. Wightman Holdings Inc. Video-on-Demand 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 24,689 3,627 -85.31 39,351 984.95 46,705 18.69 51,714 10.72 20.3
DTH revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a
Total Revenue 24,689 3,627 -85.31 39,351 984.95 46,705 18.69 51,714 10.72 20.3

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 21,953 2,484 -88.68 29,530 >999± 32,546 10.21 33,743 3.68 11.4
Technical 0 0 n/a 0 n/a 7,800 n/a 7,987 2.40 n/a
Sales and Promotion 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Administration and General 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Expenses 21,953 2,484 -88.68 29,530 >999± 40,346 36.63 41,730 3.43 17.4

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 2,736 1,143 9,821 6,359 9,984
Depreciation 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
P.B.I.T. 2,736 1,143 9,821 6,359 9,984
Interest Expense 0 0 n/a 0 n/a 0 n/a 0 n/a
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a 0 n/a
Pre-tax Profit 2,736 1,143 9,821 6,359 9,984

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 21,953 0 -100.00 0 n/a 0 n/a 0 n/a -100.0
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 21,953 0 -100.00 0 n/a 0 n/a 0 n/a -100.0
Canadian Programming/Revenue (%) 88.92 0.00 0.00 0.00 0.00

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 14,767 0 -100.00 7,800 n/a 7,800 0.00 7,987 2.40 -14.2
Total Staff Count 0.5 0 -100.00 0.1 n/a 0.5 400.00 0.5 0.00
Avg Remuneration 29,534 n/a n/a 78,000 n/a 15,600 -80.00 15,974 2.40 -14.2

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 11.1 31.5 25.0 13.6 19.3
P.B.I.T. Margin 11.1 31.5 25.0 13.6 19.3
Pre-tax Margin 11.1 31.5 25.0 13.6 19.3
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